Imperial Brands (Imperial Brands) Total Inventories : $5,597 Mil (As of Sep. 2023)

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What is Imperial Brands Total Inventories?

Imperial Brands's total inventories for the quarter that ended in Sep. 2023 was $5,597 Mil. Imperial Brands's average total inventories from the quarter that ended in Mar. 2023 to the quarter that ended in Sep. 2023 was $5,847 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Imperial Brands's Net-Net Working Capital per share for the quarter that ended in Sep. 2023 was $-25.15.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Imperial Brands's Days Inventory for the six months ended in Sep. 2023 was 64.02.

Inventory Turnover measures how fast the company turns over its inventory within a year. Imperial Brands's Inventory Turnover for the quarter that ended in Sep. 2023 was 2.85.

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. Imperial Brands's Inventory-to-Revenue for the quarter that ended in Sep. 2023 was 0.28.

Imperial Brands Total Inventories Historical Data

The historical data trend for Imperial Brands'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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Imperial Brands Total Inventories Chart

Imperial Brands Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Total Inventories

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5,051.98

5,265.54

5,266.48

4,688.56

5,596.54

Imperial Brands Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Total Inventories	Get a 7-Day Free Trial															5,266.48	5,856.39	4,688.56	6,098.30	5,596.54

Imperial Brands 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.

Imperial Brands (OTCPK:IMBBY) 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.

Imperial Brands's Net-Net Working Capital Per Share for the quarter that ended in Sep. 2023 is

	Net-Net Working Capital Per Share (Q: Sep. 2023 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(1664.604	+	0.75 * 2658.416	+	0.5 * 5596.535	-	28278.465
-	0	-	768.564)	/	898.301
=	-25.15

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

Imperial Brands's Days Inventory for the six months ended in Sep. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2023 )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
	=	5847.418	/	16669.555	*	365 / 2
	=	64.02

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

Imperial Brands's Inventory Turnover for the quarter that ended in Sep. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Sep. 2023 )	/	Average Total Inventories (Q: Sep. 2023 )
	=	16669.555	/	5847.418
	=	2.85

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.

Imperial Brands's Inventory to Revenue for the quarter that ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2023 )	/	Revenue (Q: Sep. 2023 )
	=	5847.418	/	21118.812
	=	0.28

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.

Imperial Brands Total Inventories Related Terms

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Imperial Brands (Imperial Brands) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Tobacco Products » Imperial Brands PLC (OTCPK:IMBBY) » Definitions » Total Inventories

Comparable Companies

Traded in Other Exchanges

IMBBF:USA IMBl:UK IMB:UK ITBA:Germany ITB:Germany ITB:Germany ITBA:Germany ITB:Germany

Address

121 Winterstoke Road, Bristol, GBR, BS3 2LL

Website

https://www.imperialbrandsplc.com

Imperial Brands is the world's fourth-largest international tobacco company (excluding China National Tobacco) with total fiscal 2023 volume of 198 billion cigarettes sold in more than 160 countries. The firm holds a leading global position in the fine-cut tobacco and hand-rolling paper categories, and it has a logistics platform in Western Europe, Altadis. Through acquisition, Imperial is the third-largest manufacturer in the U.S. and owns the Winston and blu brands.