SGS AG (SGS AG) Total Inventories : $66 Mil (As of Dec. 2023)

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What is SGS AG Total Inventories?

SGS AG's total inventories for the quarter that ended in Dec. 2023 was $66 Mil. SGS AG's average total inventories from the quarter that ended in Jun. 2023 to the quarter that ended in Dec. 2023 was $68 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. SGS AG's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-2.44.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. SGS AG's Days Inventory for the six months ended in Dec. 2023 was 14.39.

Inventory Turnover measures how fast the company turns over its inventory within a year. SGS AG's Inventory Turnover for the quarter that ended in Dec. 2023 was 12.68.

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. SGS AG's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.02.

SGS AG Total Inventories Historical Data

The historical data trend for SGS AG'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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SGS AG Total Inventories Chart

SGS AG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Inventories

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45.80

64.16

64.06

63.33

65.91

SGS AG Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Total Inventories	Get a 7-Day Free Trial															64.06	61.84	63.33	71.08	65.91

SGS AG 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.

SGS AG (OTCPK:SGSOY) 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.

SGS AG'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)
=	(1814.292	+	0.75 * 1086.957	+	0.5 * 65.911	-	7207.447
-	0	-	79.787)	/	1892.85
=	-2.44

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

SGS AG'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
	=	68.4955	/	868.409	*	365 / 2
	=	14.39

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

SGS AG'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 )
	=	868.409	/	68.4955
	=	12.68

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.

SGS AG'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 )
	=	68.4955	/	3859.852
	=	0.02

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.

SGS AG Total Inventories Related Terms

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SGS AG (SGS AG) Business Description

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SGSOF:USA SGSNz:UK 0QMI:UK SGSN:Switzerland

Address

1 Place des Alpes, P.O. Box 2152, Geneva, CHE, CH-1211

Website

https://www.sgs.com

Switzerland-listed SGS is the largest and one of the oldest companies in the testing, inspection, and certification industry. The company's primary activities involve testing products and materials, inspecting sites/industrial equipment, and certifying products and systems to ensure global/company standards. SGS is one of only four TIC companies that operate globally across numerous industries, including agriculture, food and life science, and transport services. SGS was first listed in 1981 and employs almost 100,000 people worldwide.

SGS AG (SGS AG) Headlines

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