Anheuser-Busch InBev/NV (Anheuser-Busch InBev/NV) Total Inventories : $5,463 Mil (As of Dec. 2023)

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What is Anheuser-Busch InBev/NV Total Inventories?

Anheuser-Busch InBev/NV's total inventories for the quarter that ended in Dec. 2023 was $5,463 Mil. Anheuser-Busch InBev/NV's average total inventories from the quarter that ended in Sep. 2023 to the quarter that ended in Dec. 2023 was $2,732 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Anheuser-Busch InBev/NV's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-61.04.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Anheuser-Busch InBev/NV's Days Inventory for the three months ended in Dec. 2023 was 37.32.

Inventory Turnover measures how fast the company turns over its inventory within a year. Anheuser-Busch InBev/NV's Inventory Turnover for the quarter that ended in Dec. 2023 was 2.45.

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. Anheuser-Busch InBev/NV's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.19.

Anheuser-Busch InBev/NV Total Inventories Historical Data

The historical data trend for Anheuser-Busch InBev/NV'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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Anheuser-Busch InBev/NV Total Inventories Chart

Anheuser-Busch InBev/NV Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Inventories

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4,322.00

4,391.00

5,284.00

6,525.00

5,463.00

Anheuser-Busch InBev/NV Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Total Inventories	Get a 7-Day Free Trial															6,525.00	-	6,839.00	-	5,463.00

Anheuser-Busch InBev/NV 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.

Anheuser-Busch InBev/NV (NYSE:BUD) 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.

Anheuser-Busch InBev/NV'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)
=	(10399	+	0.75 * 4347	+	0.5 * 5463	-	126664
-	0	-	10828)	/	1983.83
=	-61.04

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

Anheuser-Busch InBev/NV's Days Inventory for the three 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
	=	2731.5	/	6679	*	365 / 4
	=	37.32

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

Anheuser-Busch InBev/NV'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 )
	=	6679	/	2731.5
	=	2.45

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.

Anheuser-Busch InBev/NV'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 )
	=	2731.5	/	14473
	=	0.19

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.

Anheuser-Busch InBev/NV Total Inventories Related Terms

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Anheuser-Busch InBev/NV (Anheuser-Busch InBev/NV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » Anheuser-Busch InBev SA/NV (NYSE:BUD) » Definitions » Total Inventories

Comparable Companies

Traded in Other Exchanges

ANH:South Africa BUDFF:USA ANB:Mexico ABI:Italy 0A22:UK ABIb:UK 0RJI:UK 1NBA:Germany ITKA:Germany 1NBA:Germany 1NBA:Germany ITKA:Germany 1NBA:Germany ABUD34:Brazil ABI:Belgium ABIN:Austria

Address

Brouwerijplein 1, Leuven, BEL, 3000

Website

https://www.ab-inbev.com

Anheuser-Busch InBev is the largest brewer in the world and one of the world's top five consumer product companies, as measured by EBITDA. The company's portfolio contains six of the top 10 beer brands by volume, according to Euromonitor, and we estimate it distributes 23 brands with retail sales over $1 billion. AB InBev was created by the 2008 merger of Belgium-based InBev and U.S.-based Anheuser-Busch. The firm holds a 62% economic interest in Ambev and in 2016 it acquired SABMiller.