Birkenstock Holding (STU:7PV) Total Inventories : €651 Mil (As of Mar. 2024)

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What is Birkenstock Holding Total Inventories?

Birkenstock Holding's total inventories for the quarter that ended in Mar. 2024 was €651 Mil. Birkenstock Holding's average total inventories from the quarter that ended in Dec. 2023 to the quarter that ended in Mar. 2024 was €648 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Birkenstock Holding's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was €-8.74.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Birkenstock Holding's Days Inventory for the three months ended in Mar. 2024 was 281.31.

Inventory Turnover measures how fast the company turns over its inventory within a year. Birkenstock Holding's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.32.

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. Birkenstock Holding's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 1.35.

Birkenstock Holding Total Inventories Historical Data

The historical data trend for Birkenstock Holding'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.

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Birkenstock Holding Total Inventories Chart

Birkenstock Holding Annual Data

Trend

Sep20

Sep21

Sep22

Sep23

Total Inventories

211.65

359.22

535.61

595.09

Birkenstock Holding Quarterly Data
	Sep20	Sep21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Total Inventories	Get a 7-Day Free Trial						588.41	571.61	595.09	644.37	650.96

Birkenstock Holding Total Inventories Calculation

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.

Birkenstock Holding (STU:7PV) 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.

Birkenstock Holding's Net-Net Working Capital Per Share for the quarter that ended in Mar. 2024 is

	Net-Net Working Capital Per Share (Q: Mar. 2024 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(175.728	+	0.75 * 200.206	+	0.5 * 650.963	-	2293.691
-	0	-	0)	/	187.826
=	-8.74

2. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Birkenstock Holding's Days Inventory for the three months ended in Mar. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2024 )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
	=	647.665	/	210.084	*	365 / 4
	=	281.31

3. Inventory Turnover measures how fast the company turns over its inventory within a year.

Birkenstock Holding's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Mar. 2024 )	/	Average Total Inventories (Q: Mar. 2024 )
	=	210.084	/	647.665
	=	0.32

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.

Birkenstock Holding's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	647.665	/	481.244
	=	1.35

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.

Birkenstock Holding Total Inventories Related Terms

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Birkenstock Holding (STU:7PV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Birkenstock Holding PLC (STU:7PV) » Definitions » Total Inventories

Comparable Companies

Traded in Other Exchanges

BIRK:USA

Address

1-2 Berkeley Square, London, GBR, W1J 6EA

Website

https://www.birkenstock-holding.com

Birkenstock Holding PLC is a company that manufactures and sells footbed-based products, including sandals, closed-toe silhouettes, and other products, such as skincare and accessories, for everyday, leisure, and work. The company operates in four operating segments based on its regional hubs: Americas, Europe and APMA (Asia Pacific, Middle East and Africa). The company sells its products through two main channels: business-to-business (B2B) and direct-to-consumer (DTC).

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