ALBA SE (LTS:0K7C) Total Inventories : €22.3 Mil (As of Dec. 2023)

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What is ALBA SE Total Inventories?

ALBA SE's total inventories for the quarter that ended in Dec. 2023 was €22.3 Mil. ALBA SE's average total inventories from the quarter that ended in Jun. 2023 to the quarter that ended in Dec. 2023 was €23.1 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. ALBA SE's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was €-4.66.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. ALBA SE's Days Inventory for the six months ended in Dec. 2023 was 37.76.

Inventory Turnover measures how fast the company turns over its inventory within a year. ALBA SE's Inventory Turnover for the quarter that ended in Dec. 2023 was 4.83.

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. ALBA SE's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.17.

ALBA SE Total Inventories Historical Data

The historical data trend for ALBA SE'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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ALBA SE Total Inventories Chart

ALBA SE Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Inventories

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18.41

15.71

25.37

21.66

22.33

ALBA SE Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Total Inventories	Get a 7-Day Free Trial															25.37	24.84	21.66	23.95	22.33

ALBA SE 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.

ALBA SE (LTS:0K7C) 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.

ALBA SE'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)
=	(0.344	+	0.75 * 9.793	+	0.5 * 22.331	-	64.703
-	0	-	0)	/	9.84
=	-4.66

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

ALBA SE'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
	=	23.139	/	111.83	*	365 / 2
	=	37.76

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

ALBA SE'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 )
	=	111.83	/	23.139
	=	4.83

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.

ALBA SE'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 )
	=	23.139	/	138.025
	=	0.17

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.

ALBA SE Total Inventories Related Terms

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ALBA SE (LTS:0K7C) Business Description

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ABA:Germany

Address

Stollwerckstraße 9a, Cologne, DEU, 51149

Website

http://www.alba-se.com

ALBA SE is a German based holding company providing environmental services. Its activities are divided into two segments including Steel & Metals Recycling segment and Services segment. The Steel and Metals Recycling segment comprises all of the company's subsidiaries that undertake to recycle of steel and metals activities. The Services segment comprises activities, such as take-back of transport packaging, sales packaging and used paper bags, as well as recovery of waste electrical and electronic equipment. A major part of revenue comes from Steel and Metals segment. It operates in Germany, European countries and Non-European countries, Germany being the country with highest sales.

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