DSM Firmenich AG (XAMS:DSFIR) Total Inventories : €3,390 Mil (As of Dec. 2023)

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What is DSM Firmenich AG Total Inventories?

DSM Firmenich AG's total inventories for the quarter that ended in Dec. 2023 was €3,390 Mil. DSM Firmenich AG's average total inventories from the quarter that ended in Jun. 2023 to the quarter that ended in Dec. 2023 was €3,577 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. DSM Firmenich AG's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was €-19.56.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. DSM Firmenich AG's Days Inventory for the six months ended in Dec. 2023 was 131.77.

Inventory Turnover measures how fast the company turns over its inventory within a year. DSM Firmenich AG's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.38.

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. DSM Firmenich AG's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.58.

DSM Firmenich AG Total Inventories Historical Data

The historical data trend for DSM Firmenich 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.

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DSM Firmenich AG Total Inventories Chart

DSM Firmenich AG Annual Data

Trend

Dec21

Dec22

Dec23

Total Inventories

2,339.00

3,390.00

DSM Firmenich AG Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23
Total Inventories	-	3,635.00	2,339.00	3,764.00	3,390.00

DSM Firmenich 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.

DSM Firmenich AG (XAMS:DSFIR) 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.

DSM Firmenich AG'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)
=	(2563	+	0.75 * 2553	+	0.5 * 3390	-	11200
-	0	-	162)	/	265.284
=	-19.56

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

DSM Firmenich AG'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
	=	3577	/	4954	*	365 / 2
	=	131.77

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

DSM Firmenich AG'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 )
	=	4954	/	3577
	=	1.38

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.

DSM Firmenich AG'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 )
	=	3577	/	6157
	=	0.58

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.

DSM Firmenich AG Total Inventories Related Terms

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DSM Firmenich AG (XAMS:DSFIR) Business Description

Industry

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Traded in Other Exchanges

DSFIRa:UK 0AC9:UK ZX6:Germany DSFI:Austria

Address

Wurmisweg 576, Kaiseraugst, CHE, 4303

Website

https://www.dsm-firmenich.com/corporate/home.html

DSM-Firmenich is a global science-based company formed in 2023 through the merger of DSM, a Dutch nutrition, health, and sustainable living player, and Switzerland-based Firmenich, the third-largest player in the flavor and fragrance market. The company serves a wide range of end-consumer markets providing nutrition solutions ranging from animal feed to medical and early-life nutrition, fragrances for personal-, home-, and laundry-care brands, prestige perfumes, and other ingredients for food and beverage, home, and personal care. DSM-Firmenich has nearly 30,000 employees, with more than 2,000 scientists and engineers spread across 15 research and development facilities.

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