Ventia Services Group (ASX:VNT) Total Inventories : A$47 Mil (As of Dec. 2023)

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What is Ventia Services Group Total Inventories?

Ventia Services Group's total inventories for the quarter that ended in Dec. 2023 was A$47 Mil. Ventia Services Group's average total inventories from the quarter that ended in Jun. 2023 to the quarter that ended in Dec. 2023 was A$47 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Ventia Services Group's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was A$-2.07.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Ventia Services Group's Days Inventory for the six months ended in Dec. 2023 was 39.35.

Inventory Turnover measures how fast the company turns over its inventory within a year. Ventia Services Group's Inventory Turnover for the quarter that ended in Dec. 2023 was 4.64.

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. Ventia Services Group's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.02.

Ventia Services Group Total Inventories Historical Data

The historical data trend for Ventia Services 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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Ventia Services Group Total Inventories Chart

Ventia Services Group Annual Data

Trend

Dec21

Dec22

Dec23

Total Inventories

32.00

42.70

46.80

Ventia Services Group Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23
Total Inventories	32.00	34.20	42.70	47.50	46.80

Ventia Services 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.

Ventia Services Group (ASX:VNT) 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.

Ventia Services 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)
=	(338.7	+	0.75 * 312.2	+	0.5 * 46.8	-	2363.4
-	0	-	0)	/	855.484
=	-2.07

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

Ventia Services 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
	=	47.15	/	218.7	*	365 / 2
	=	39.35

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

Ventia Services 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 )
	=	218.7	/	47.15
	=	4.64

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.

Ventia Services 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 )
	=	47.15	/	2889.6
	=	0.02

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.

Ventia Services Group Total Inventories Related Terms

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Ventia Services Group (ASX:VNT) Business Description

Industry

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Traded in Other Exchanges

VNT:New Zealand

Address

80 Pacific Highway, Level 8, North Sydney, Sydney, NSW, AUS, 2060

Website

https://www.ventia.com

While Ventia is not the largest player with an estimated 7.5% share of addressable markets, it is a leading infrastructure maintenance services provider in Australia and New Zealand. Its capabilities span the full asset lifecycle including operations and maintenance, facilities management, minor capital works, environmental services, and other solutions. And its business model is favorably capital-light via flexing of a large contractor base complementing a deep pool of talented employees. Ventia has long-term relationships with a diverse range of public and private sector clients with many client relationships maintained for decades. Contracts are favorably long with an average five-year duration at inception and most containing some form of embedded price escalation.