Spark New Zealand (STU:NZT) Total Inventories : €51 Mil (As of Jun. 2024)

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What is Spark New Zealand Total Inventories?

Spark New Zealand's total inventories for the quarter that ended in Jun. 2024 was €51 Mil. Spark New Zealand's average total inventories from the quarter that ended in Dec. 2023 to the quarter that ended in Jun. 2024 was €56 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Spark New Zealand's Net-Net Working Capital per share for the quarter that ended in Jun. 2024 was €-0.82.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Spark New Zealand's Days Inventory for the six months ended in Jun. 2024 was 9.82.

Inventory Turnover measures how fast the company turns over its inventory within a year. Spark New Zealand's Inventory Turnover for the quarter that ended in Jun. 2024 was 18.59.

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. Spark New Zealand's Inventory-to-Revenue for the quarter that ended in Jun. 2024 was 0.05.

Spark New Zealand Total Inventories Historical Data

The historical data trend for Spark New Zealand'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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Spark New Zealand Total Inventories Chart

Spark New Zealand Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Total Inventories

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54.96

37.75

64.31

44.73

50.76

Spark New Zealand Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Total Inventories	Get a 7-Day Free Trial															64.31	64.77	44.73	61.06	50.76

Spark New Zealand 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.

Spark New Zealand (STU:NZT) 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.

Spark New Zealand's Net-Net Working Capital Per Share for the quarter that ended in Jun. 2024 is

	Net-Net Working Capital Per Share (Q: Jun. 2024 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(33.647	+	0.75 * 245.794	+	0.5 * 50.756	-	1736.529
-	0	-	0)	/	1814.16
=	-0.82

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

Spark New Zealand's Days Inventory for the six months ended in Jun. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jun. 2024 )	/	Cost of Goods Sold (Q: Jun. 2024 )	*	Days in Period
	=	55.9065	/	1039.065	*	365 / 2
	=	9.82

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

Spark New Zealand's Inventory Turnover for the quarter that ended in Jun. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Jun. 2024 )	/	Average Total Inventories (Q: Jun. 2024 )
	=	1039.065	/	55.9065
	=	18.59

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.

Spark New Zealand's Inventory to Revenue for the quarter that ended in Jun. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jun. 2024 )	/	Revenue (Q: Jun. 2024 )
	=	55.9065	/	1016.824
	=	0.05

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.

Spark New Zealand Total Inventories Related Terms

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Spark New Zealand Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Spark New Zealand Ltd (STU:NZT) » Definitions » Total Inventories

Comparable Companies

Traded in Other Exchanges

SPKKY:USA NZTCF:USA SPK:New Zealand NZTA:Germany NZT:Germany NZTA:Germany NZT:Germany SPK:Australia

Address

167 Victoria Street West, Level 2, Spark City, Private Bag 92028, Auckland, NTL, NZL, 1010

Website

https://www.sparknz.co.nz

Spark is one of only three integrated telecommunications operators in New Zealand. It is the leading mobile network operator with low- to mid-40% subscriber and revenue share, and the dominant provider of fixed-line broadband services with a mid-30% subscriber share. It has a commanding presence in the New Zealand corporate and wholesale telecommunications services provision space. Spark supplements its core telecommunications operations and related infrastructure with IT products and services across cloud, managed data and networks, procurement, data centers, and Internet of Things. Its operations are entirely based in New Zealand, except for its 41% interest in Southern Cross Submarine Cables, which has zero book value and to which Spark has no funding obligations.

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