Viva Energy Group (ASX:VEA) Total Inventories : A$1,798 Mil (As of Dec. 2023)

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What is Viva Energy Group Total Inventories?

Viva Energy Group's total inventories for the quarter that ended in Dec. 2023 was A$1,798 Mil. Viva Energy Group's average total inventories from the quarter that ended in Jun. 2023 to the quarter that ended in Dec. 2023 was A$1,710 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Viva Energy Group's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was A$-3.08.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Viva Energy Group's Days Inventory for the six months ended in Dec. 2023 was 24.55.

Inventory Turnover measures how fast the company turns over its inventory within a year. Viva Energy Group's Inventory Turnover for the quarter that ended in Dec. 2023 was 7.43.

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. Viva Energy Group's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.13.

Viva Energy Group Total Inventories Historical Data

The historical data trend for Viva Energy Group'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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Viva Energy Group Total Inventories Chart

Viva Energy Group Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Inventories

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1,195.60

698.80

1,179.50

1,561.30

1,798.00

Viva Energy Group Semi-Annual Data
	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Total Inventories	Get a 7-Day Free Trial							1,179.50	2,297.50	1,561.30	1,622.50	1,798.00

Viva Energy Group 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.

Viva Energy Group (ASX:VEA) 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.

Viva Energy Group'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)
=	(215.5	+	0.75 * 1605.9	+	0.5 * 1798	-	7071.7
-	0	-	0)	/	1544.17
=	-3.08

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

Viva Energy Group'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
	=	1710.25	/	12712.9	*	365 / 2
	=	24.55

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

Viva Energy Group'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 )
	=	12712.9	/	1710.25
	=	7.43

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.

Viva Energy Group'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 )
	=	1710.25	/	12892.6
	=	0.13

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.

Viva Energy Group Total Inventories Related Terms

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Viva Energy Group (ASX:VEA) Business Description

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2AH:Germany

Address

720 Bourke Street, Level 16, Docklands, Melbourne, VIC, AUS, 3008

Website

https://www.vivaenergy.com.au

Viva is Australia's second-largest vertically integrated refined transport fuel supplier. We rate Viva as the second-most-significant pipeline owner, and at approximately 1,155 locations, Viva supplies the third-largest number of retail sites in Australia behind Ampol at approximately 1,985 and BP at 1,400.Vitol bought Shell's Australian downstream operations in 2014, and renamed them Viva Energy. Viva subsequently bought Shell's Australian aviation operations and a 50% investment in Liberty Oil. In 2016, Viva sold (and leased back) a portfolio of its retail sites to Viva Energy REIT and listed Viva Energy REIT on the ASX. It has since sold its entire REIT stake for AUD 734 million.