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Mercedes-Benz Group AG (XTER:MBG) Total Inventories : €28,844 Mil (As of Mar. 2024)


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What is Mercedes-Benz Group AG Total Inventories?

Mercedes-Benz Group AG's total inventories for the quarter that ended in Mar. 2024 was €28,844 Mil. Mercedes-Benz Group AG's average total inventories from the quarter that ended in Dec. 2023 to the quarter that ended in Mar. 2024 was €27,891 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Mercedes-Benz Group AG's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was €-93.79.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Mercedes-Benz Group AG's Days Inventory for the three months ended in Mar. 2024 was 88.47.

Inventory Turnover measures how fast the company turns over its inventory within a year. Mercedes-Benz Group AG's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.03.

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. Mercedes-Benz Group AG's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.78.


Mercedes-Benz Group AG Total Inventories Historical Data

The historical data trend for Mercedes-Benz Group 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.

Mercedes-Benz Group AG Total Inventories Chart

Mercedes-Benz Group 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 29,533.00 26,314.00 21,286.00 25,458.00 26,937.00

Mercedes-Benz Group AG Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 28,433.00 28,472.00 29,538.00 26,937.00 28,844.00

Mercedes-Benz Group 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.


Mercedes-Benz Group AG  (XTER:MBG) 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.

Mercedes-Benz Group AG's Net-Net Working Capital Per Share for the quarter that ended in Mar. 2024 is

Net-Net Working Capital Per Share (Q: Mar. 2024 )
=(Cash And Cash Equivalents+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(27854+0.75 * 38352+0.5 * 28844-170321
-0-1057)/1069.84
=-93.79

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

Mercedes-Benz Group AG's Days Inventory for the three months ended in Mar. 2024 is calculated as:

Days Inventory=Average Total Inventories (Q: Mar. 2024 )/Cost of Goods Sold (Q: Mar. 2024 )*Days in Period
=27890.5/28767*365 / 4
=88.47

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

Mercedes-Benz Group AG's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

Inventory Turnover=Cost of Goods Sold (Q: Mar. 2024 ) / Average Total Inventories (Q: Mar. 2024 )
=28767 / 27890.5
=1.03

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.

Mercedes-Benz Group AG's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Mar. 2024 ) / Revenue (Q: Mar. 2024 )
=27890.5 / 35873
=0.78

* 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.


Mercedes-Benz Group AG Total Inventories Related Terms

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Mercedes-Benz Group AG (XTER:MBG) Business Description

Address
Mercedesstrasse 120, Stuttgart, BW, DEU, 70372
Based in Stuttgart, Germany, Mercedes-Benz Group makes premium and luxury passenger vehicles and commercial vans. Brands include Mercedes-Benz, AMG, and Maybach. Mercedes-Benz Mobility provides the company's dealers and its customers with vehicle financing as well as mobility services in ride hailing, car sharing, and charging. Mercedes owns 9.74% of Aston Martin and 9.55% of Beijing Automotive Group. Through Tenaciou3 Prospect Investment, Li Shufu, chair of Chinese automaker Geely, owns 9.69% of Mercedes-Benz. Other major shareholders include Beijing Automotive Group at 9.98% and Kuwait Investment Authority at 4.9% (6.8% before the sale of a 1.9% stake in March 2023).
Executives
Dr. Frank Weber Supervisory Board
Bader M. Al Saad Supervisory Board
Dr. Martin Brudermüller Supervisory Board
Sari Baldauf Supervisory Board
Ben Van Beurden Supervisory Board
Dr. Bernd Pischetsrieder Supervisory Board
Timotheus Höttges Supervisory Board
Petraea Heynike Supervisory Board
Dr. Manfred Bischoff Supervisory Board
Josef Kaeser Supervisory Board
Dr. Jürgen Hambrecht Supervisory Board