Air New Zealand (ASX:AIZ) Total Inventories : A$114 Mil (As of Dec. 2023)

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What is Air New Zealand Total Inventories?

Air New Zealand's total inventories for the quarter that ended in Dec. 2023 was A$114 Mil. Air New Zealand's average total inventories from the quarter that ended in Jun. 2023 to the quarter that ended in Dec. 2023 was A$112 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Air New Zealand's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was A$-1.29.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Air New Zealand's Days Inventory for the six months ended in Dec. 2023 was 24.92.

Inventory Turnover measures how fast the company turns over its inventory within a year. Air New Zealand's Inventory Turnover for the quarter that ended in Dec. 2023 was 7.32.

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. Air New Zealand's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.04.

Air New Zealand Total Inventories Historical Data

The historical data trend for Air New Zealand'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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Air New Zealand Total Inventories Chart

Air New Zealand Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Total Inventories

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76.99

99.03

85.53

88.60

108.78

Air New Zealand 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															94.84	88.60	101.69	108.78	114.35

Air New Zealand 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.

Air New Zealand (ASX:AIZ) 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.

Air New Zealand'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)
=	(1552.57	+	0.75 * 439.74	+	0.5 * 114.351	-	6269.78
-	0	-	0)	/	3368.46
=	-1.29

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

Air New Zealand'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
	=	111.565	/	817.191	*	365 / 2
	=	24.92

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

Air New Zealand'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 )
	=	817.191	/	111.565
	=	7.32

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.

Air New Zealand'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 )
	=	111.565	/	3121.874
	=	0.04

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.

Air New Zealand Total Inventories Related Terms

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Air New Zealand (ASX:AIZ) Business Description

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ANZLY:USA ANZFF:USA AIR:New Zealand BZU:Germany

Address

185 Fanshawe Street, Air New Zealand House, Auckland, NTL, NZL, 1010

Website

https://www.airnewzealand.co.nz

Air New Zealand, majority owned by the New Zealand Government, provides air passenger and cargo transport services within New Zealand, as well as to and from Australia, the South-West Pacific, Asia, North America, the United Kingdom, and South America. Air New Zealand also encompasses business units providing engineering and ground handling services. Air New Zealand dominates the local market, with around 80% market share, although the majority of revenue is derived from international and trans-Tasman activity.