Azbil (FRA:YMK) Total Inventories : €305 Mil (As of Dec. 2023)

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What is Azbil Total Inventories?

Azbil's total inventories for the quarter that ended in Dec. 2023 was €305 Mil. Azbil's average total inventories from the quarter that ended in Sep. 2023 to the quarter that ended in Dec. 2023 was €298 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Azbil's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was €3.70.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Azbil's Days Inventory for the three months ended in Dec. 2023 was 102.56.

Inventory Turnover measures how fast the company turns over its inventory within a year. Azbil's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.89.

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. Azbil's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.64.

Azbil Total Inventories Historical Data

The historical data trend for Azbil'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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Azbil Total Inventories Chart

Azbil Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Total Inventories

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212.98

189.43

219.64

259.70

268.82

Azbil Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Total Inventories	Get a 7-Day Free Trial															259.70	283.66	291.49	304.56	268.82

Azbil 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.

Azbil (FRA:YMK) 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.

Azbil'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)
=	(419.155	+	0.75 * 562.633	+	0.5 * 304.56	-	485.83
-	0	-	20.444)	/	131.75
=	3.70

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

Azbil's Days Inventory for the three 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
	=	298.0255	/	265.149	*	365 / 4
	=	102.56

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

Azbil'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 )
	=	265.149	/	298.0255
	=	0.89

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.

Azbil'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 )
	=	298.0255	/	467.908
	=	0.64

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.

Azbil Total Inventories Related Terms

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Azbil (FRA:YMK) Business Description

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6845:Japan

Address

2-7-3 Marunouchi, Chiyoda-ku, Tokyo, JPN, 100-6419

Website

http://www.azbil.com

Azbil Corp is a Japan-based company that primarily operates through three segments. The building automation segment designs and manufactures building automation products, which include application software, controllers, valves, sensors, and others. This segment also provides engineering, maintenance, energy-saving, and facility management services. The advanced automation segment provides products, solutions, and engineering and maintenance services to help plants improve efficiency. The life automation segment is involved in utilities serviced, pharmaceutical and medical fields, life sciences research, and others. The company generates the majority of its revenue from the Japanese domestic market.

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