Foley Wines (NZSE:FWL) Total Inventories : NZ$43.61 Mil (As of Dec. 2023)

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What is Foley Wines Total Inventories?

Foley Wines's total inventories for the quarter that ended in Dec. 2023 was NZ$43.61 Mil. Foley Wines's average total inventories from the quarter that ended in Jun. 2023 to the quarter that ended in Dec. 2023 was NZ$47.85 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Foley Wines's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was NZ$-1.00.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Foley Wines's Days Inventory for the six months ended in Dec. 2023 was 437.72.

Inventory Turnover measures how fast the company turns over its inventory within a year. Foley Wines's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.42.

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. Foley Wines's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 1.67.

Foley Wines Total Inventories Historical Data

The historical data trend for Foley Wines'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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Foley Wines Total Inventories Chart

Foley Wines Annual Data

Trend

Jun13

Jun14

Jun15

Jun16

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Total Inventories

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44.08

46.72

43.30

49.62

52.09

Foley Wines Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Total Inventories	Get a 7-Day Free Trial															32.75	49.62	38.13	52.09	43.61

Foley Wines 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.

Foley Wines (NZSE:FWL) 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.

Foley Wines'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)
=	(1.36	+	0.75 * 9.616	+	0.5 * 43.605	-	96.332
-	0	-	0)	/	65.7362
=	-1.00

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

Foley Wines'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
	=	47.845	/	19.948	*	365 / 2
	=	437.72

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

Foley Wines'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 )
	=	19.948	/	47.845
	=	0.42

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.

Foley Wines'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 )
	=	47.845	/	28.71
	=	1.67

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.

Foley Wines Total Inventories Related Terms

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Foley Wines (NZSE:FWL) Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » Foley Wines Ltd (NZSE:FWL) » Definitions » Total Inventories

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Address

13 Waihopai Valley Road, RD6, Blenheim, MBH, NZL, 7276

Website

https://www.foleywines.co.nz

Foley Wines Ltd is a wine company that produces table wines and markets and sells premium wines in New Zealand and various export markets. The company's vineyards are in Marlborough and Martinborough, New Zealand. The company earns majority of its revenue from sale of bottled wines. It sells its products in New Zealand, Australia, the United States, Canada, the United Kingdom, Europe, and the rest of the world.

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