GURUFOCUS.COM » STOCK LIST » Technology » Hardware » HP Inc (XTER:7HP) » Definitions » Total Inventories

HP (XTER:7HP) Total Inventories : €7,087 Mil (As of Oct. 2024)


View and export this data going back to 2007. Start your Free Trial

What is HP Total Inventories?

HP's total inventories for the quarter that ended in Oct. 2024 was €7,087 Mil. HP's average total inventories from the quarter that ended in Jul. 2024 to the quarter that ended in Oct. 2024 was €7,135 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. HP's Net-Net Working Capital per share for the quarter that ended in Oct. 2024 was €-28.85.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. HP's Days Inventory for the three months ended in Oct. 2024 was 64.16.

Inventory Turnover measures how fast the company turns over its inventory within a year. HP's Inventory Turnover for the quarter that ended in Oct. 2024 was 1.42.

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. HP's Inventory-to-Revenue for the quarter that ended in Oct. 2024 was 0.55.


HP Total Inventories Historical Data

The historical data trend for HP'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.

* Premium members only.

HP Total Inventories Chart

HP Annual Data
Trend Oct15 Oct16 Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23 Oct24
Total Inventories
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5,068.55 6,835.66 7,728.21 6,498.31 7,086.96

HP Quarterly Data
Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24
Total Inventories Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 6,498.31 6,359.90 7,001.18 7,182.38 7,086.96

HP 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.


HP  (XTER:7HP) 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.

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

Net-Net Working Capital Per Share (Q: Oct. 2024 )
=(Cash And Cash Equivalents+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(2986.254+0.75 * 4697.406+0.5 * 7086.96-37850.976
-0-0)/963.408
=-28.85

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

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

Days Inventory=Average Total Inventories (Q: Oct. 2024 )/Cost of Goods Sold (Q: Oct. 2024 )*Days in Period
=7134.67/10147.572*365 / 4
=64.16

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

HP's Inventory Turnover for the quarter that ended in Oct. 2024 is calculated as

Inventory Turnover=Cost of Goods Sold (Q: Oct. 2024 ) / Average Total Inventories (Q: Oct. 2024 )
=10147.572 / 7134.67
=1.42

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.

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

Inventory-to-Revenue=Average Total Inventories (Q: Oct. 2024 ) / Revenue (Q: Oct. 2024 )
=7134.67 / 12902.49
=0.55

* 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.


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.


HP Total Inventories Related Terms

Thank you for viewing the detailed overview of HP's Total Inventories provided by GuruFocus.com. Please click on the following links to see related term pages.


HP Business Description

Address
1501 Page Mill Road, Palo Alto, CA, USA, 94304
HP (formerly Hewlett-Packard) is a behemoth in the PC and printing markets. It has focused on these markets since it exited IT infrastructure in 2015 with the split from Hewlett Packard Enterprise. HP focuses on the commercial market, but maintains sales of consumer devices and printers. The firm has a broad and global customer base, with only one third of sales coming from the US. HP completely outsources manufacturing and relies heavily on channel partners for its sales and marketing.

HP Headlines

No Headlines