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Lyondellbasell Advanced Polymers's total inventories for the quarter that ended in May. 2018 was $304.44 Mil. Lyondellbasell Advanced Polymers's average total inventories from the quarter that ended in Feb. 2018 to the quarter that ended in May. 2018 was $324.91 Mil.
In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Lyondellbasell Advanced Polymers's Net-Net Working Capital per share for the quarter that ended in May. 2018 was $N/A.
Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Lyondellbasell Advanced Polymers's Days Inventory for the three months ended in May. 2018 was 47.46.
Inventory Turnover measures how fast the company turns over its inventory within a year. Lyondellbasell Advanced Polymers's Inventory Turnover for the quarter that ended in May. 2018 was 1.92.
Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue. Lyondellbasell Advanced Polymers's Inventory-to-Revenue for the quarter that ended in May. 2018 was 0.45.
The historical data trend for Lyondellbasell Advanced Polymers's Total Inventories can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Lyondellbasell Advanced Polymers Annual Data | |||||||||||||||||||||
Trend | Aug07 | Aug08 | Aug09 | Aug10 | Aug11 | Aug12 | Aug13 | Aug14 | Aug15 | Aug16 | |||||||||||
Total Inventories | Get a 7-Day Free Trial |
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247.22 | 261.66 | 292.14 | 317.33 | 263.62 |
Lyondellbasell Advanced Polymers Quarterly Data | ||||||||||||||||||||
Aug13 | Nov13 | Feb14 | May14 | Aug14 | Nov14 | Feb15 | May15 | Aug15 | Nov15 | Feb16 | May16 | Aug16 | Nov16 | Feb17 | May17 | Aug17 | Nov17 | Feb18 | May18 | |
Total Inventories | Get a 7-Day Free Trial |
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297.10 | 276.46 | 327.78 | 345.38 | 304.44 |
Total Inventories includes the raw materials, work-in-process goods and completely finished goods of a company. It is a portion of a company's current assets.
Lyondellbasell Advanced Polymers (OTCPK:SLMNP.PFD) Total Inventories Explanation
Inventory control is an important part of business operation. If a company does not have enough inventory, it may not be able to meet customers' required delivery time. If it has too much inventory, the cost of holding the inventory can be high.
1. In Ben Graham's calculation of Net-Net Working Capital (NNWC), inventory is only considered worth half of its book value.
Lyondellbasell Advanced Polymers's Net-Net Working Capital Per Share for the quarter that ended in May. 2018 is
Net-Net Working Capital Per Share (Q: May. 2018 ) | |||||||
= | (Cash And Cash Equivalents | + | 0.75 * Accounts Receivable | + | 0.5 * Total Inventories | - | Total Liabilities |
- | Preferred Stock | - | Minority Interest) | / | Shares Outstanding (EOP) | ||
= | (52.002 | + | 0.75 * 443.705 | + | 0.5 * 304.438 | - | 1566.474 |
- | 120.289 | - | 10.545) | / | 0 | ||
= | N/A |
2. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Lyondellbasell Advanced Polymers's Days Inventory for the three months ended in May. 2018 is calculated as:
Days Inventory | = | Average Total Inventories (Q: May. 2018 ) | / | Cost of Goods Sold (Q: May. 2018 ) | * | Days in Period |
= | 324.9095 | / | 624.741 | * | 365 / 4 | |
= | 47.46 |
3. Inventory Turnover measures how fast the company turns over its inventory within a year.
Lyondellbasell Advanced Polymers's Inventory Turnover for the quarter that ended in May. 2018 is calculated as
Inventory Turnover | = | Cost of Goods Sold (Q: May. 2018 ) | / | Average Total Inventories (Q: May. 2018 ) |
= | 624.741 | / | 324.9095 | |
= | 1.92 |
4. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.
Lyondellbasell Advanced Polymers's Inventory to Revenue for the quarter that ended in May. 2018 is calculated as
Inventory-to-Revenue | = | Average Total Inventories (Q: May. 2018 ) | / | Revenue (Q: May. 2018 ) |
= | 324.9095 | / | 722.24 | |
= | 0.45 |
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Be Aware
Manufacturers with durable competitive advantages have the advantage that the products they sell do not change, and therefore will never become obsolete. Buffett likes this advantage.
When identifying manufacturers with durable competitive advantage, look for inventory and net earnings that rise correspondingly. This indicates that the company is finding profitable ways to increase sales which called for an increase in inventory.
Manufacturers with inventories that spike up and down are indicative of competitive industries subject to boom and bust.
Thank you for viewing the detailed overview of Lyondellbasell Advanced Polymers's Total Inventories provided by GuruFocus.com. Please click on the following links to see related term pages.
Carol S Eicher | director | ROHM AND HAAS COMPANY, 100 INDEPENDENCE MALL WEST, PHILADELPHIA PA 19106 |
Allen A Spizzo | director | 1313 N MARKET ST, WILMINGTON DE 19894 |
Kathleen M. Oswald | director | 3637 RIDGEWOOD RD, AKRON OH 44308 |
Gary D. Phillips | officer: Chief Commercial Officer | 3637 RIDGEWOOD RD., AKRON OH 44333 |
John W Richardson | officer: EVP - Chief Financial Officer | THE GOODYEAR TIRE & RUBBER COMPANY, 1144 EAST MARKET STREET, AKRON OH 44316-0001 |
Andreas K Gunther | officer: EVP - Chief Human Resources | 3637 RIDGEWOOD ROAD, FAIRLAWN OH 44333 |
Brent Middleton | officer: SVP GM USCAN | 1228 TITAN WAY, SUNNYVALE CA 94085 |
Frank Roederer | officer: SVP & GM Engineered Composites | 3637 RIDGEWOOD RD, FAIRLAWN X1 44333 |
Rainer Schewe | officer: EVP Global Supply Chain | 3637 RIDGEWOOD RD, FAIRLAWN X1 44333 |
Andrean Horton | officer: Senior Corp. Counsel | 3637 RIDGEWOOD RD, FAIRLAWN X1 44333 |
Kevin T Andrews | officer: SVP - GM Engineered Composites | 3637 RIDGEWOOD RD, FAIRLAWN OH 44333 |
Kristopher R Westbrooks | officer: VP - Controller and CAO | 3637 RIDGEWOOD ROAD, FAIRLAWN OH 44333 |
Stacy R Walter | officer: VP - Internal Audit | 3550 WEST MARKET STREET, AKRON OH 44333 |
Timothy J Mcdannold | officer: Treasurer - Dir.Risk Mngmnt. | 5995 MAYFAIR ROAD, NORTH CANTON OH 44720 |
Heinrich Lingnau-schneider | officer: VP & General Manager - Europe | 3550 WEST MARKET STREET, AKRON OH 44333 |
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