Danimer Scientific (STU:6CU) Total Inventories : €23.91 Mil (As of Mar. 2024)

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What is Danimer Scientific Total Inventories?

Danimer Scientific's total inventories for the quarter that ended in Mar. 2024 was €23.91 Mil. Danimer Scientific's average total inventories from the quarter that ended in Dec. 2023 to the quarter that ended in Mar. 2024 was €23.54 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Danimer Scientific's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was €-2.85.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Danimer Scientific's Days Inventory for the three months ended in Mar. 2024 was 141.21.

Inventory Turnover measures how fast the company turns over its inventory within a year. Danimer Scientific's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.65.

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. Danimer Scientific's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 2.50.

Danimer Scientific Total Inventories Historical Data

The historical data trend for Danimer Scientific'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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Danimer Scientific Total Inventories Chart

Danimer Scientific Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Total Inventories

6.33

11.21

21.75

30.91

23.17

Danimer Scientific Quarterly Data
	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													29.65	27.57	25.00	23.17	23.91

Danimer Scientific 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.

Danimer Scientific (STU:6CU) 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.

Danimer Scientific's Net-Net Working Capital Per Share for the quarter that ended in Mar. 2024 is

	Net-Net Working Capital Per Share (Q: Mar. 2024 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(52.754	+	0.75 * 11.254	+	0.5 * 23.91	-	398.205
-	0	-	0)	/	114.241
=	-2.85

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

Danimer Scientific's Days Inventory for the three months ended in Mar. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2024 )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
	=	23.5415	/	15.212	*	365 / 4
	=	141.21

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

Danimer Scientific's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Mar. 2024 )	/	Average Total Inventories (Q: Mar. 2024 )
	=	15.212	/	23.5415
	=	0.65

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.

Danimer Scientific's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	23.5415	/	9.406
	=	2.50

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.

Danimer Scientific Total Inventories Related Terms

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Danimer Scientific (STU:6CU) Business Description

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DNMR:USA 6CU:Germany

Address

140 Industrial Boulevard, Bainbridge, GA, USA, 39817

Website

https://www.danimerscientific.com

Danimer Scientific Inc creates more sustainable, more natural ways to make plastic products sold under the proprietary Nodax brand name. The company's renewable and sustainable biopolymers have helped create plastic products that are 100% biodegradable and compostable. Danimer Scientific's products return to nature instead of polluting lands and waters. Its technology can be found in a vast array of plastic end-use products that people use every day. Applications for its biopolymers include additives, aqueous coatings, fibers, filaments, films, and injection-molded articles, among others. The company holds more than 470 patents and pending patent applications in nearly 20 countries for a range of manufacturing processes and biopolymer formulations.

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