Dassault Aviation (XPAR:AM) Total Inventories : €5,258 Mil (As of Dec. 2023)

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What is Dassault Aviation Total Inventories?

Dassault Aviation's total inventories for the quarter that ended in Dec. 2023 was €5,258 Mil. Dassault Aviation's average total inventories from the quarter that ended in Jun. 2023 to the quarter that ended in Dec. 2023 was €5,022 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Dassault Aviation's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was €-90.14.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Dassault Aviation's Days Inventory for the six months ended in Dec. 2023 was 584.47.

Inventory Turnover measures how fast the company turns over its inventory within a year. Dassault Aviation's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.31.

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. Dassault Aviation's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 2.00.

Dassault Aviation Total Inventories Historical Data

The historical data trend for Dassault Aviation'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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Dassault Aviation Total Inventories Chart

Dassault Aviation Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Inventories

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3,368.35

3,381.54

3,480.41

3,922.16

5,258.27

Dassault Aviation 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															3,480.41	3,980.22	3,922.16	4,784.83	5,258.27

Dassault Aviation 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.

Dassault Aviation (XPAR:AM) 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.

Dassault Aviation'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)
=	(7371.56	+	0.75 * 829.605	+	0.5 * 5258.273	-	17745.924
-	0	-	0)	/	79.0226
=	-90.14

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

Dassault Aviation'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
	=	5021.5495	/	1567.982	*	365 / 2
	=	584.47

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

Dassault Aviation'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 )
	=	1567.982	/	5021.5495
	=	0.31

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.

Dassault Aviation'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 )
	=	5021.5495	/	2507.71
	=	2.00

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.

Dassault Aviation Total Inventories Related Terms

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Dassault Aviation (XPAR:AM) Business Description

Industry

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DUAVF:USA AMp:UK 0IAX:UK DAU0:Germany DAAV:Austria

Address

9, Rond-Point des Champs-Elysees, Marcel Dassault, Paris, FRA, 75008

Website

https://www.dassault-aviation.com

Dassault Aviation, a subsidiary of French multinational company Dassault Group, designs, builds and maintains military fighter jets, and is one of the largest manufacturers of business jets. Dassault has a 24.8% stake in narrow-moat Thales, which contributes significantly to Dassault's net profit. In 2021, Dassault Aviation generated EUR 7.2 billion in revenue with 12,000 employees. About 70% of revenue comes from defense aircraft equipment sales and services, while Falcon business jets generate the remaining 30% of sales.