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Heidelberg Materials AG (XTER:HEI) Total Inventories : €2,708 Mil (As of Jun. 2024)


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What is Heidelberg Materials AG Total Inventories?

Heidelberg Materials AG's total inventories for the quarter that ended in Jun. 2024 was €2,708 Mil. Heidelberg Materials AG's average total inventories from the quarter that ended in Dec. 2023 to the quarter that ended in Jun. 2024 was €2,675 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Heidelberg Materials AG's Net-Net Working Capital per share for the quarter that ended in Jun. 2024 was €-70.12.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Heidelberg Materials AG's Days Inventory for the six months ended in Jun. 2024 was 130.14.

Inventory Turnover measures how fast the company turns over its inventory within a year. Heidelberg Materials AG's Inventory Turnover for the quarter that ended in Jun. 2024 was 1.40.

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. Heidelberg Materials AG's Inventory-to-Revenue for the quarter that ended in Jun. 2024 was 0.27.


Heidelberg Materials AG Total Inventories Historical Data

The historical data trend for Heidelberg Materials AG'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.

Heidelberg Materials AG Total Inventories Chart

Heidelberg Materials AG Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Total Inventories
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2,178.90 1,962.10 2,193.40 2,642.90 2,641.60

Heidelberg Materials AG 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 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 2,560.70 2,642.90 2,625.90 2,641.60 2,708.30

Heidelberg Materials AG 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.


Heidelberg Materials AG  (XTER:HEI) 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.

Heidelberg Materials AG'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)
=(1803.5+0.75 * 2618.8+0.5 * 2708.3-16795.4
-0-1026.7)/181.131
=-70.12

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

Heidelberg Materials AG'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
=2674.95/3751.3*365 / 2
=130.14

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

Heidelberg Materials AG'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 )
=3751.3 / 2674.95
=1.40

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.

Heidelberg Materials AG'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 )
=2674.95 / 9993.7
=0.27

* 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.


Heidelberg Materials AG Total Inventories Related Terms

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Heidelberg Materials AG Business Description

Address
Berliner Strasse 6, Heidelberg, BW, DEU, 69120
Heidelberg Materials is one of the world's largest building materials companies, with operations in 60 countries. Its core activities include the production of cement and aggregates, which are used to construct houses, infrastructure, and commercial facilities. The sale of cement and aggregates accounts for the majority of group revenue and profits. North America is the company's largest market, contributing 29% of EBITDA, followed by Western and Southern Europe, contributing 21%. Heidelberg Materials is listed in Germany and has 55,000 employees.
Executives
Ludwig Merckle Supervisory Board
Dr. Dominik Von Achten Board of Directors
René Aldach Board of Directors
Dennis Lentz Board of Directors
Ernest Jelito Board of Directors
Christopher Ward Board of Directors
Kevin Gluskie Board of Directors