Fix Price Group (LSE:FIXP) Total Inventories : $531 Mil (As of Dec. 2023)

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What is Fix Price Group Total Inventories?

Fix Price Group's total inventories for the quarter that ended in Dec. 2023 was $531 Mil. Fix Price Group's average total inventories from the quarter that ended in Jun. 2023 to the quarter that ended in Dec. 2023 was $266 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Fix Price Group's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-0.13.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Fix Price Group's Days Inventory for the six months ended in Dec. 2023 was 42.83.

Inventory Turnover measures how fast the company turns over its inventory within a year. Fix Price Group's Inventory Turnover for the quarter that ended in Dec. 2023 was 4.26.

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. Fix Price Group's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.15.

Fix Price Group Total Inventories Historical Data

The historical data trend for Fix Price 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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Fix Price Group Total Inventories Chart

Fix Price Group Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Inventories

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312.48

362.19

548.67

670.26

531.50

Fix Price Group Semi-Annual Data
	Dec17	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Total Inventories	Get a 7-Day Free Trial						548.67	675.96	670.26	-	531.50

Fix Price 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.

Fix Price Group (LSE:FIXP) 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.

Fix Price 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)
=	(413.865	+	0.75 * 15.117	+	0.5 * 531.497	-	802.25
-	0	-	0)	/	849.529
=	-0.13

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

Fix Price 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
	=	265.7485	/	1132.262	*	365 / 2
	=	42.83

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

Fix Price 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 )
	=	1132.262	/	265.7485
	=	4.26

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.

Fix Price 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 )
	=	265.7485	/	1730.999
	=	0.15

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.

Fix Price Group Total Inventories Related Terms

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Fix Price Group (LSE:FIXP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Fix Price Group PLC (LSE:FIXP) » Definitions » Total Inventories

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Address

Makariou III & Vyronos Street, P. Lordos Center building, Block B, 1st floor, Office 102, Limassol, CYP, 3105

Website

https://ir.fix-price.com

Fix Price Group PLC is a low-price value retailer. Its categories include ambient food and drink, household goods, and cosmetics and hygiene items. Its retail operations are conducted through a chain of convenience stores, located in the Russian Federation, Belarus, Kazakhstan, Uzbekistan, Latvia, Georgia, and Kyrgyzstan The group is also engaged in wholesale operations by servicing a number of franchises that operate in distant regions of the Russian Federation, as well as in a number of international geographies.

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