Corporate Travel Management (ASX:CTD) Total Inventories : A$1.4 Mil (As of Dec. 2023)

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What is Corporate Travel Management Total Inventories?

Corporate Travel Management's total inventories for the quarter that ended in Dec. 2023 was A$1.4 Mil. Corporate Travel Management's average total inventories from the quarter that ended in Jun. 2023 to the quarter that ended in Dec. 2023 was A$1.6 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Corporate Travel Management's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was A$-0.14.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Corporate Travel Management's Days Inventory for the six months ended in Dec. 2023 was 56.21.

Inventory Turnover measures how fast the company turns over its inventory within a year. Corporate Travel Management's Inventory Turnover for the quarter that ended in Dec. 2023 was 3.25.

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. Corporate Travel Management's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.00.

Corporate Travel Management Total Inventories Historical Data

The historical data trend for Corporate Travel Management'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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Corporate Travel Management Total Inventories Chart

Corporate Travel Management Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Total Inventories

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0.88

1.42

1.87

Corporate Travel Management 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															1.13	1.42	2.09	1.87	1.42

Corporate Travel Management 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.

Corporate Travel Management (ASX:CTD) 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.

Corporate Travel Management'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)
=	(131.342	+	0.75 * 387.63	+	0.5 * 1.419	-	427.204
-	0	-	15.589)	/	146.167
=	-0.14

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

Corporate Travel Management'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
	=	1.643	/	5.334	*	365 / 2
	=	56.21

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

Corporate Travel Management'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 )
	=	5.334	/	1.643
	=	3.25

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.

Corporate Travel Management'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 )
	=	1.643	/	352.118
	=	0.00

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.

Corporate Travel Management Total Inventories Related Terms

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Corporate Travel Management (ASX:CTD) Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Corporate Travel Management Ltd (ASX:CTD) » Definitions » Total Inventories

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1C6:Germany

Address

307 Queen Street, Level 24, Brisbane, QLD, AUS, 4000

Website

https://www.travelctm.com

Corporate Travel Management provides travel services for business and government clients across the Americas, Australia and New Zealand, Europe, and Asia. The company has built scale and breadth through both organic growth and acquisitions. As of 2022, Corporate Travel is the world's fourth-largest corporate travel management company based with pro forma, pre-COVID-19 total transaction volumes of AUD 11 billion, but it remains a relative minnow in the highly fragmented USD 1.5 trillion global market. The group offers expertise and personalized service to corporate clients spanning various industries such as government, healthcare, mining, energy, infrastructure, and construction. Before the pandemic, more than 60% of the group's client travel was domestic (within country) in nature.

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