Pierre & Vacances (XPAR:VAC) Total Inventories : €158.2 Mil (As of Mar. 2023)

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What is Pierre & Vacances Total Inventories?

Pierre & Vacances's total inventories for the quarter that ended in Mar. 2023 was €158.2 Mil. Pierre & Vacances's average total inventories from the quarter that ended in Sep. 2022 to the quarter that ended in Mar. 2023 was €152.6 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Pierre & Vacances's Net-Net Working Capital per share for the quarter that ended in Mar. 2023 was €-7.92.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Pierre & Vacances's Days Inventory for the six months ended in Mar. 2023 was 49.77.

Inventory Turnover measures how fast the company turns over its inventory within a year. Pierre & Vacances's Inventory Turnover for the quarter that ended in Mar. 2023 was 3.67.

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. Pierre & Vacances's Inventory-to-Revenue for the quarter that ended in Mar. 2023 was 0.21.

Pierre & Vacances Total Inventories Historical Data

The historical data trend for Pierre & Vacances'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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Pierre & Vacances Total Inventories Chart

Pierre & Vacances Annual Data

Trend

Sep13

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Total Inventories

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180.35

177.70

150.92

142.15

146.93

Pierre & Vacances Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Mar24
Total Inventories	Get a 7-Day Free Trial															142.15	158.18	146.93	158.25	-

Pierre & Vacances 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.

Pierre & Vacances (XPAR:VAC) 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.

Pierre & Vacances's Net-Net Working Capital Per Share for the quarter that ended in Mar. 2023 is

	Net-Net Working Capital Per Share (Q: Mar. 2023 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(422.426	+	0.75 * 178.876	+	0.5 * 158.247	-	4249.088
-	0	-	-14.777)	/	454.315
=	-7.92

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

Pierre & Vacances's Days Inventory for the six months ended in Mar. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2023 )	/	Cost of Goods Sold (Q: Mar. 2023 )	*	Days in Period
	=	152.5875	/	559.546	*	365 / 2
	=	49.77

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

Pierre & Vacances's Inventory Turnover for the quarter that ended in Mar. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Mar. 2023 )	/	Average Total Inventories (Q: Mar. 2023 )
	=	559.546	/	152.5875
	=	3.67

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.

Pierre & Vacances's Inventory to Revenue for the quarter that ended in Mar. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2023 )	/	Revenue (Q: Mar. 2023 )
	=	152.5875	/	741.78
	=	0.21

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.

Pierre & Vacances Total Inventories Related Terms

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Pierre & Vacances (XPAR:VAC) Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Pierre & Vacances (XPAR:VAC) » Definitions » Total Inventories

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PV6:Germany

Address

L’Artois, Espace Pont de Flandre, 11, Rue de Cambrai, Paris Cedex 19, Paris, FRA, 75947

Website

http://www.groupepvcp.com

Pierre & Vacances is a France-based company engaged in providing holiday residences. The company's segment includes Center Parcs; Pierre and Vacances; Adagio; Major Projects and Senioriales and riales Holding company. It generates maximum revenue from the Center Parcs segment. The Center Parcs segment includes the operation of the Domaines marketed under the Center Parcs, Sunparks and Villages Nature brands, and the construction/renovation of tourism assets and real estate marketing activities in the Netherlands, Germany and Belgium.