Baker Hughes (XSWX:BHI) Total Inventories : CHF1,910 Mil (As of Mar. 2017)

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What is Baker Hughes Total Inventories?

Baker Hughes's total inventories for the quarter that ended in Mar. 2017 was CHF1,910 Mil. Baker Hughes's average total inventories from the quarter that ended in Dec. 2016 to the quarter that ended in Mar. 2017 was CHF1,877 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Baker Hughes's Net-Net Working Capital per share for the quarter that ended in Mar. 2017 was CHF1.39.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Baker Hughes's Days Inventory for the three months ended in Mar. 2017 was 90.58.

Inventory Turnover measures how fast the company turns over its inventory within a year. Baker Hughes's Inventory Turnover for the quarter that ended in Mar. 2017 was 1.01.

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. Baker Hughes's Inventory-to-Revenue for the quarter that ended in Mar. 2017 was 0.83.

Baker Hughes Total Inventories Historical Data

The historical data trend for Baker Hughes'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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Baker Hughes Total Inventories Chart

Baker Hughes Annual Data

Trend

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Total Inventories

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3,483.44

3,469.58

3,973.37

2,902.71

1,844.10

Baker Hughes Quarterly Data
	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17
Total Inventories	Get a 7-Day Free Trial															2,736.29	1,931.24	1,913.31	1,844.10	1,909.86

Baker Hughes 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.

Baker Hughes (XSWX:BHI) 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.

Baker Hughes's Net-Net Working Capital Per Share for the quarter that ended in Mar. 2017 is

	Net-Net Working Capital Per Share (Q: Mar. 2017 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(4228.333	+	0.75 * 2165.243	+	0.5 * 1909.861	-	6134.187
-	0	-	80.12)	/	426
=	1.39

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

Baker Hughes's Days Inventory for the three months ended in Mar. 2017 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2017 )	/	Cost of Goods Sold (Q: Mar. 2017 )	*	Days in Period
	=	1876.978	/	1890.832	*	365 / 4
	=	90.58

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

Baker Hughes's Inventory Turnover for the quarter that ended in Mar. 2017 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Mar. 2017 )	/	Average Total Inventories (Q: Mar. 2017 )
	=	1890.832	/	1876.978
	=	1.01

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.

Baker Hughes's Inventory to Revenue for the quarter that ended in Mar. 2017 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2017 )	/	Revenue (Q: Mar. 2017 )
	=	1876.978	/	2265.393
	=	0.83

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.

Baker Hughes Total Inventories Related Terms

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Baker Hughes (XSWX:BHI) Business Description

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http://www.bakerhughes.com

Baker Hughes is one of the world's largest integrated oil services providers. Its largest end market is North America, and thus its fortunes are strongly leveraged to U.S. shale activity. By the end of 2017, the firm is set to combine with General Electric's oil and gas division, which is more leveraged to offshore developments, as well as nonupstream energy markets such as liquefied natural gas and refining.

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