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Starwood Hotels & Resorts Worldwide's total inventories for the quarter that ended in Jun. 2016 was $15 Mil. Starwood Hotels & Resorts Worldwide's average total inventories from the quarter that ended in Mar. 2016 to the quarter that ended in Jun. 2016 was $185 Mil.
In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Starwood Hotels & Resorts Worldwide's Net-Net Working Capital per share for the quarter that ended in Jun. 2016 was $-27.68.
Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Starwood Hotels & Resorts Worldwide's Days Inventory for the three months ended in Jun. 2016 was 78.15.
Inventory Turnover measures how fast the company turns over its inventory within a year. Starwood Hotels & Resorts Worldwide's Inventory Turnover for the quarter that ended in Jun. 2016 was 1.17.
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. Starwood Hotels & Resorts Worldwide's Inventory-to-Revenue for the quarter that ended in Jun. 2016 was 0.15.
The historical data trend for Starwood Hotels & Resorts Worldwide'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.
Starwood Hotels & Resorts Worldwide Annual Data | |||||||||||||||||||||
Trend | Dec06 | Dec07 | Dec08 | Dec09 | Dec10 | Dec11 | Dec12 | Dec13 | Dec14 | Dec15 | |||||||||||
Total Inventories | Get a 7-Day Free Trial | 812.00 | 361.00 | 217.00 | 236.00 | 319.00 |
Starwood Hotels & Resorts Worldwide Quarterly Data | ||||||||||||||||||||
Sep11 | Dec11 | Mar12 | Jun12 | Sep12 | Dec12 | Mar13 | Jun13 | Sep13 | Dec13 | Mar14 | Jun14 | Sep14 | Dec14 | Mar15 | Jun15 | Sep15 | Dec15 | Mar16 | Jun16 | |
Total Inventories | Get a 7-Day Free Trial | 246.00 | 256.00 | 319.00 | 355.00 | 15.00 |
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.
Starwood Hotels & Resorts Worldwide (NYSE:HOT) 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.
Starwood Hotels & Resorts Worldwide's Net-Net Working Capital Per Share for the quarter that ended in Jun. 2016 is
Net-Net Working Capital Per Share (Q: Jun. 2016 ) | |||||||
= | (Cash And Cash Equivalents | + | 0.75 * Accounts Receivable | + | 0.5 * Total Inventories | - | Total Liabilities |
- | Preferred Stock | - | Minority Interest) | / | Shares Outstanding (EOP) | ||
= | (1575 | + | 0.75 * 630 | + | 0.5 * 15 | - | 6745 |
- | 0 | - | 3) | / | 169.536 | ||
= | -27.68 |
2. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Starwood Hotels & Resorts Worldwide's Days Inventory for the three months ended in Jun. 2016 is calculated as:
Days Inventory | = | Average Total Inventories (Q: Jun. 2016 ) | / | Cost of Goods Sold (Q: Jun. 2016 ) | * | Days in Period |
= | 185 | / | 216 | * | 365 / 4 | |
= | 78.15 |
3. Inventory Turnover measures how fast the company turns over its inventory within a year.
Starwood Hotels & Resorts Worldwide's Inventory Turnover for the quarter that ended in Jun. 2016 is calculated as
Inventory Turnover | = | Cost of Goods Sold (Q: Jun. 2016 ) | / | Average Total Inventories (Q: Jun. 2016 ) |
= | 216 | / | 185 | |
= | 1.17 |
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.
Starwood Hotels & Resorts Worldwide's Inventory to Revenue for the quarter that ended in Jun. 2016 is calculated as
Inventory-to-Revenue | = | Average Total Inventories (Q: Jun. 2016 ) | / | Revenue (Q: Jun. 2016 ) |
= | 185 | / | 1246 | |
= | 0.15 |
* 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.
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.
Thank you for viewing the detailed overview of Starwood Hotels & Resorts Worldwide's Total Inventories provided by GuruFocus.com. Please click on the following links to see related term pages.
Charlene Barshefsky | director | |
Lizanne Galbreath | director | LASALLE PARTNERS INC, 200 RANDOLPH DR, CHICAGO IL 60601 |
Kenneth S Siegel | officer: CAO & General Counsel | 40 STARWOOD HOTELS & RESORTS, 111 WESTCHESTER AVE, WHITE PLAINS NY 10604 |
Thomas B Mangas | director, officer: Chief Executive Officer | C/O ARMSTRONG WORLD INDUSTRIES, INC., 2500 COLUMBIA AVENUE, LANCASTER PA 17603 |
Sergio Rivera | officer: President, The Americas | C/O STARWOOD HOTELS & RESORTS WORLDWIDE,, ONE STARPOINT, STAMFORD CT 06902 |
Stephen R Quazzo | director | C/O STARWOOD HOTELS & RESORTS WORLDWIDE, 44 SOUTH BROADWAY, WHITE PLAINS NY 10601 |
Daley Clayton C Jr | director | C/O THE PROCTER & GAMBLE COMPANY,, ONE PROCTER & GAMBLE PLAZA, CINCINNATI OH 45202 |
Thomas E Clarke | director | C/O NEWELL RUBBERMAID INC, THREE GLENLAKE PKWY., ATLANTA 2Q 30328 |
Thomas O Ryder | director | C/O READERS DIGEST ASSOCITATION INC, READERS DIGEST RD., PLEASANTVILLE NY 10570 |
Aylwin B Lewis | director | 111 N. CANAL, SUITE 850, CHICAGO IL 60606 |
Eric Hippeau | director | STARWOOD HOTELS & RESORTS WORLDWIDE, 44 SOUTH BROADWAY, WHITE PLAINS NY 10601 |
Bruce W Duncan | director | ONE NORTH WACKER DRIVE, SUITE 4200, CHICAGO IL 60606 |
Adam M Aron | director, officer: CEO on an interim basis | AMC ENTERTAINMENT HOLDINGS, INC, 11500 ASH STREET, LEAWOOD KS 66211 |
Van Paasschen Frits D | director, officer: President and CEO | C/O STARWOOD HOTELS & RESORTS WORLDWIDE, 1111 WESTCHESTER AVENUE, WHITE PLAINS NY 10604 |
Vasant M Prabhu | officer: Vice Chairman & CFO | C/O SAFEWAY INC, 5918 STONERIDGE MALL ROAD, PLEASANTON CA 94588 |
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