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Cairn Homes (LSE:CRN) Total Inventories : £812.8 Mil (As of Dec. 2023)


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What is Cairn Homes Total Inventories?

Cairn Homes's total inventories for the quarter that ended in Dec. 2023 was £812.8 Mil. Cairn Homes's average total inventories from the quarter that ended in Jun. 2023 to the quarter that ended in Dec. 2023 was £842.2 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Cairn Homes's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was £0.31.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Cairn Homes's Days Inventory for the six months ended in Dec. 2023 was 515.48.

Inventory Turnover measures how fast the company turns over its inventory within a year. Cairn Homes's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.35.

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. Cairn Homes's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 2.19.


Cairn Homes Total Inventories Historical Data

The historical data trend for Cairn Homes'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.

* Premium members only.

Cairn Homes Total Inventories Chart

Cairn Homes Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Total Inventories
Get a 7-Day Free Trial Premium Member Only 760.68 876.31 798.73 841.30 812.76

Cairn Homes Semi-Annual Data
Jun15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Total Inventories Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 798.73 869.93 841.30 871.66 812.76

Cairn Homes 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.


Cairn Homes  (LSE:CRN) 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.

Cairn Homes'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)
=(22.014+0.75 * 28.176+0.5 * 812.758-243.58
-0-0)/654.888
=0.31

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

Cairn Homes'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
=842.2085/298.174*365 / 2
=515.48

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

Cairn Homes'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 )
=298.174 / 842.2085
=0.35

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.

Cairn Homes'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 )
=842.2085 / 385.326
=2.19

* 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.


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.


Cairn Homes Total Inventories Related Terms

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Cairn Homes (LSE:CRN) Business Description

Traded in Other Exchanges
Address
45 Mespil Road, Dublin, IRL, D04 W2F1
Cairn Homes PLC is an Irish homebuilder. Its core activity is to design and develop properties for residential purposes, majorly in the suburbs of Dublin City. The company's portfolio predominantly comprises single-family homes and apartments that form a minor share. Its sales of residential property drive most company revenues.

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