Zardoya Otis (XMAD:ZOT) Total Inventories : €29.6 Mil (As of Nov. 2021)

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What is Zardoya Otis Total Inventories?

Zardoya Otis's total inventories for the quarter that ended in Nov. 2021 was €29.6 Mil. Zardoya Otis's average total inventories from the quarter that ended in Aug. 2021 to the quarter that ended in Nov. 2021 was €14.8 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Zardoya Otis's Net-Net Working Capital per share for the quarter that ended in Nov. 2021 was €-0.23.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Zardoya Otis's Days Inventory for the three months ended in Nov. 2021 was 21.03.

Inventory Turnover measures how fast the company turns over its inventory within a year. Zardoya Otis's Inventory Turnover for the quarter that ended in Nov. 2021 was 4.34.

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. Zardoya Otis's Inventory-to-Revenue for the quarter that ended in Nov. 2021 was 0.07.

Zardoya Otis Total Inventories Historical Data

The historical data trend for Zardoya Otis'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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Zardoya Otis Total Inventories Chart

Zardoya Otis Annual Data

Trend

Nov12

Nov13

Nov14

Nov15

Nov16

Nov17

Nov18

Nov19

Nov20

Nov21

Total Inventories

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33.66

33.35

23.17

29.48

29.60

Zardoya Otis Quarterly Data
	Nov15	May16	Nov16	May17	Nov17	May18	Aug18	Nov18	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21
Total Inventories	Get a 7-Day Free Trial															29.48	-	29.10	-	29.60

Zardoya Otis 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.

Zardoya Otis (XMAD:ZOT) 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.

Zardoya Otis's Net-Net Working Capital Per Share for the quarter that ended in Nov. 2021 is

	Net-Net Working Capital Per Share (Q: Nov. 2021 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(67.372	+	0.75 * 140.697	+	0.5 * 29.598	-	295.005
-	0	-	2.792)	/	469.931
=	-0.23

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

Zardoya Otis's Days Inventory for the three months ended in Nov. 2021 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Nov. 2021 )	/	Cost of Goods Sold (Q: Nov. 2021 )	*	Days in Period
	=	14.799	/	64.216	*	365 / 4
	=	21.03

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

Zardoya Otis's Inventory Turnover for the quarter that ended in Nov. 2021 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Nov. 2021 )	/	Average Total Inventories (Q: Nov. 2021 )
	=	64.216	/	14.799
	=	4.34

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.

Zardoya Otis's Inventory to Revenue for the quarter that ended in Nov. 2021 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Nov. 2021 )	/	Revenue (Q: Nov. 2021 )
	=	14.799	/	202.683
	=	0.07

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.

Zardoya Otis Total Inventories Related Terms

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Zardoya Otis (XMAD:ZOT) Business Description

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Address

C / Gulf of Thessaloniki No. 73, Madrid, ESP, 28033

Website

https://www.otis.com

Zardoya Otis SA and its subsidiaries are in the business of manufacturing and installing elevators and provision of related maintenance services and export of equipment for installation. The company has manufacturing plants in Madrid and San Sebastian and modernization centers in Munguia and Vigo. Its significant contracts include Louvre museum, Stavros niarchos foundation and Auchan supermarkets. The company mainly operates in Spain, Portugal and Morocco.

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