Ringmetall SE (XTER:HP3A) Total Inventories : €19.1 Mil (As of Dec. 2023)

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What is Ringmetall SE Total Inventories?

Ringmetall SE's total inventories for the quarter that ended in Dec. 2023 was €19.1 Mil. Ringmetall SE's average total inventories from the quarter that ended in Jun. 2023 to the quarter that ended in Dec. 2023 was €21.0 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Ringmetall SE's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was €-0.62.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Ringmetall SE's Days Inventory for the six months ended in Dec. 2023 was 97.73.

Inventory Turnover measures how fast the company turns over its inventory within a year. Ringmetall SE's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.87.

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. Ringmetall SE's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.26.

Ringmetall SE Total Inventories Historical Data

The historical data trend for Ringmetall SE'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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Ringmetall SE Total Inventories Chart

Ringmetall SE Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Inventories

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14.11

12.20

21.73

25.72

19.14

Ringmetall SE 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															21.73	27.79	25.72	22.95	19.14

Ringmetall SE 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.

Ringmetall SE (XTER:HP3A) 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.

Ringmetall SE'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)
=	(8.548	+	0.75 * 23.473	+	0.5 * 19.141	-	52.765
-	0	-	0.844)	/	29.069
=	-0.62

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

Ringmetall SE'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
	=	21.046	/	39.301	*	365 / 2
	=	97.73

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

Ringmetall SE'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 )
	=	39.301	/	21.046
	=	1.87

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.

Ringmetall SE'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 )
	=	21.046	/	81.021
	=	0.26

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.

Ringmetall SE Total Inventories Related Terms

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Ringmetall SE (XTER:HP3A) Business Description

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HP3:Germany HP3A:Germany HP3A:Germany

Address

Innere Wiener Street 9, Munich, BY, DEU, 81667

Website

https://www.ringmetall.de

Ringmetall SE is a supplier in the packaging industry with a focus on packaging elements in the field of industrial drums. Its main activities are allocated to the Industrial Packaging and Industrial Handling business units. The majority of its revenue is generated from industrial packaging segment. The products offered by the group are Clamping rings and lids, Vehicle attachment parts, and other products, of which a majority of the revenue is generated from the sales of Clamping rings and lids. The Industrial packaging segment covers the production and sale of clamping rings and the associated closures, whereas the Industrial Handling segment includes the production and marketing of vehicle attachment parts for special vehicles in logistics and warehouse logistics as well as agriculture.

Executives

Christoph Petri

Board of Directors

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