FedEx (WBO:FDX) Total Inventories : €554 Mil (As of Aug. 2024)

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What is FedEx Total Inventories?

FedEx's total inventories for the quarter that ended in Aug. 2024 was €554 Mil. FedEx's average total inventories from the quarter that ended in May. 2024 to the quarter that ended in Aug. 2024 was €561 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. FedEx's Net-Net Working Capital per share for the quarter that ended in Aug. 2024 was €-169.10.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. FedEx's Days Inventory for the three months ended in Aug. 2024 was 3.28.

Inventory Turnover measures how fast the company turns over its inventory within a year. FedEx's Inventory Turnover for the quarter that ended in Aug. 2024 was 27.81.

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. FedEx's Inventory-to-Revenue for the quarter that ended in Aug. 2024 was 0.03.

FedEx Total Inventories Historical Data

The historical data trend for FedEx'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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FedEx Total Inventories Chart

FedEx Annual Data

Trend

May15

May16

May17

May18

May19

May20

May21

May22

May23

May24

Total Inventories

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524.52

483.10

602.60

555.68

567.95

FedEx Quarterly Data
	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24	Aug24
Total Inventories	Get a 7-Day Free Trial															578.63	583.97	593.28	567.95	554.18

FedEx 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.

FedEx (WBO:FDX) 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.

FedEx's Net-Net Working Capital Per Share for the quarter that ended in Aug. 2024 is

	Net-Net Working Capital Per Share (Q: Aug. 2024 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(5390.301	+	0.75 * 9352.984	+	0.5 * 554.177	-	53998.245
-	0	-	0)	/	244.323
=	-169.10

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

FedEx's Days Inventory for the three months ended in Aug. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Aug. 2024 )	/	Cost of Goods Sold (Q: Aug. 2024 )	*	Days in Period
	=	561.0635	/	15603.121	*	365 / 4
	=	3.28

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

FedEx's Inventory Turnover for the quarter that ended in Aug. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Aug. 2024 )	/	Average Total Inventories (Q: Aug. 2024 )
	=	15603.121	/	561.0635
	=	27.81

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.

FedEx's Inventory to Revenue for the quarter that ended in Aug. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Aug. 2024 )	/	Revenue (Q: Aug. 2024 )
	=	561.0635	/	19572.153
	=	0.03

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.

FedEx Total Inventories Related Terms

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Address

942 South Shady Grove Road, Memphis, TN, USA, 38120

Website

https://www.fedex.com

FedEx pioneered overnight delivery in 1973 and remains the world's largest express package provider. In its fiscal 2024, which ended in May, FedEx derived 47% of revenue from its express division, 37% from ground, and 10% from freight, its asset-based less-than-truckload shipping segment. The remainder came from other services, including FedEx Office, which provides document production/shipping, and FedEx Logistics, which provides global forwarding. FedEx acquired Dutch parcel delivery firm TNT Express in 2016, boosting its presence across Europe. TNT was previously the fourth-largest global parcel delivery provider.