Iveco Group NV (MIL:IVG) Total Inventories : €2,868 Mil (As of Dec. 2023)

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What is Iveco Group NV Total Inventories?

Iveco Group NV's total inventories for the quarter that ended in Dec. 2023 was €2,868 Mil. Iveco Group NV's average total inventories from the quarter that ended in Sep. 2023 to the quarter that ended in Dec. 2023 was €3,359 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Iveco Group NV's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was €-44.17.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Iveco Group NV's Days Inventory for the three months ended in Dec. 2023 was 74.20.

Inventory Turnover measures how fast the company turns over its inventory within a year. Iveco Group NV's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.23.

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. Iveco Group NV's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.69.

Iveco Group NV Total Inventories Historical Data

The historical data trend for Iveco Group NV'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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Iveco Group NV Total Inventories Chart

Iveco Group NV Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Inventories

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2,596.00

2,246.00

2,651.00

2,838.00

2,868.00

Iveco Group NV Quarterly Data
	Dec18	Dec19	Jun20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Total Inventories	Get a 7-Day Free Trial											2,838.00	3,605.00	3,749.00	3,850.00	2,868.00

Iveco Group NV 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.

Iveco Group NV (MIL:IVG) 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.

Iveco Group NV'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)
=	(2637	+	0.75 * 326	+	0.5 * 2868	-	15995
-	0	-	36)	/	265.214
=	-44.17

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

Iveco Group NV's Days Inventory for the three 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
	=	3359	/	4131	*	365 / 4
	=	74.20

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

Iveco Group NV'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 )
	=	4131	/	3359
	=	1.23

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.

Iveco Group NV'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 )
	=	3359	/	4877
	=	0.69

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.

Iveco Group NV Total Inventories Related Terms

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Iveco Group NV (MIL:IVG) Business Description

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IVCGF:USA IVGm:UK R3D:Germany

Address

Via Puglia n. 35, Turin, ITA, 10156

Website

https://www.ivecogroup.com

Iveco Group NV is engaged in the design, production, marketing, sale, servicing, and financing of trucks, commercial vehicles, buses, and specialty vehicles for firefighting, defense, and other uses, as well as combustion engines, alternative propulsion systems, transmissions, and axles. The group has three operating segments: Commercial and Specialty Vehicles, Powertrain and Financial Services. Majority of revenue is generated from Commercial and Specialty Vehicles. Commercial and Specialty Vehicles designs, manufactures and distributes a full range of light, medium, and heavy vehicles for the transportation and distribution of goods; city-buses, commuter buses; quarry and mining equipment. Geographically, majority of revenue is generated from Europe.

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