Veolia Environnement (XPAR:VIE) Total Inventories : €1,550 Mil (As of Dec. 2023)

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What is Veolia Environnement Total Inventories?

Veolia Environnement's total inventories for the quarter that ended in Dec. 2023 was €1,550 Mil. Veolia Environnement's average total inventories from the quarter that ended in Jun. 2023 to the quarter that ended in Dec. 2023 was €1,560 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Veolia Environnement's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was €-57.24.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Veolia Environnement's Days Inventory for the six months ended in Dec. 2023 was 15.18.

Inventory Turnover measures how fast the company turns over its inventory within a year. Veolia Environnement's Inventory Turnover for the quarter that ended in Dec. 2023 was 12.03.

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. Veolia Environnement's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.07.

Veolia Environnement Total Inventories Historical Data

The historical data trend for Veolia Environnement'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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Veolia Environnement Total Inventories Chart

Veolia Environnement Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Inventories

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792.00

797.70

816.30

1,486.00

1,550.00

Veolia Environnement Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Total Inventories	Get a 7-Day Free Trial															816.30	1,440.30	1,486.00	1,569.60	1,550.00

Veolia Environnement 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.

Veolia Environnement (XPAR:VIE) 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.

Veolia Environnement's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2023 is

	Net-Net Working Capital Per Share (Q: Dec. 2023 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(10786	+	0.75 * 10355	+	0.5 * 1550	-	57864
-	0	-	2391)	/	715.049
=	-57.24

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

Veolia Environnement's Days Inventory for the six months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	1559.8	/	18758.2	*	365 / 2
	=	15.18

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

Veolia Environnement's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Dec. 2023 )	/	Average Total Inventories (Q: Dec. 2023 )
	=	18758.2	/	1559.8
	=	12.03

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.

Veolia Environnement's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	1559.8	/	22596.8
	=	0.07

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.

Veolia Environnement Total Inventories Related Terms

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Veolia Environnement (XPAR:VIE) Business Description

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Traded in Other Exchanges

VEOEY:USA VEOEF:USA VIEp:UK 0NY8:UK VVD:Germany VIE:Austria

Address

30, rue Madeleine Vionnet, Aubervilliers, FRA, 93300

Website

http://www.veolia.com

Veolia is the largest water company globally and a leading player in France. It is also involved in waste management with a significant exposure to France, the United Kingdom, Germany, the United States, and Australia. The third pillar of the group is energy services, giving the group significant exposure to Central Europe. Veolia started to refocus its activities in 2011, leading to the exit of almost half of its countries and of its transport activity. The integration of most activities of the historical rival Suez in 2022 drove a turnover increase of nearly 40%.