Celulosa Argentina (BUE:CELU) Total Inventories : ARS24,063 Mil (As of Feb. 2024)

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What is Celulosa Argentina Total Inventories?

Celulosa Argentina's total inventories for the quarter that ended in Feb. 2024 was ARS24,063 Mil. Celulosa Argentina's average total inventories from the quarter that ended in Nov. 2023 to the quarter that ended in Feb. 2024 was ARS18,770 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Celulosa Argentina's Net-Net Working Capital per share for the quarter that ended in Feb. 2024 was ARS-14.15.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Celulosa Argentina's Days Inventory for the three months ended in Feb. 2024 was 39.15.

Inventory Turnover measures how fast the company turns over its inventory within a year. Celulosa Argentina's Inventory Turnover for the quarter that ended in Feb. 2024 was 2.33.

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. Celulosa Argentina's Inventory-to-Revenue for the quarter that ended in Feb. 2024 was 0.29.

Celulosa Argentina Total Inventories Historical Data

The historical data trend for Celulosa Argentina'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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Celulosa Argentina Total Inventories Chart

Celulosa Argentina Annual Data

Trend

May14

May15

May16

May17

May18

May19

May20

May21

May22

May23

Total Inventories

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2,027.02

3,366.90

4,879.07

6,804.60

7,687.09

Celulosa Argentina Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Total Inventories	Get a 7-Day Free Trial															6,278.54	7,687.09	10,445.73	13,477.05	24,063.33

Celulosa Argentina 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.

Celulosa Argentina (BUE:CELU) 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.

Celulosa Argentina's Net-Net Working Capital Per Share for the quarter that ended in Feb. 2024 is

	Net-Net Working Capital Per Share (Q: Feb. 2024 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(12456.917	+	0.75 * 37574.283	+	0.5 * 24063.332	-	193911.513
-	0.032	-	1602.474)	/	10094.2
=	-14.15

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

Celulosa Argentina's Days Inventory for the three months ended in Feb. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Feb. 2024 )	/	Cost of Goods Sold (Q: Feb. 2024 )	*	Days in Period
	=	18770.1915	/	43745.418	*	365 / 4
	=	39.15

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

Celulosa Argentina's Inventory Turnover for the quarter that ended in Feb. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Feb. 2024 )	/	Average Total Inventories (Q: Feb. 2024 )
	=	43745.418	/	18770.1915
	=	2.33

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.

Celulosa Argentina's Inventory to Revenue for the quarter that ended in Feb. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Feb. 2024 )	/	Revenue (Q: Feb. 2024 )
	=	18770.1915	/	65455.217
	=	0.29

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.

Celulosa Argentina Total Inventories Related Terms

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Celulosa Argentina (BUE:CELU) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » Celulosa Argentina SA (BUE:CELU) » Definitions » Total Inventories

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Address

Av. Del Libertador 2442, Buenos Aires,piso 4, Olivos, ARG, B1636DSR

Website

http://www.celulosaargentina.com.ar

Celulosa Argentina SA is engaged in the manufacturing, marketing, and distribution of forest products. Its product portfolio includes Paper products, cellulose pulp, forest products as well as wood products. Geographically, the activities are carried out through Argentina.