Flour Mills Nigeria (NSA:FMNL) Total Inventories : ₦337,041 Mil (As of Mar. 2023)

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What is Flour Mills Nigeria Total Inventories?

Flour Mills Nigeria's total inventories for the quarter that ended in Mar. 2023 was ₦337,041 Mil. Flour Mills Nigeria's average total inventories from the quarter that ended in Mar. 2022 to the quarter that ended in Mar. 2023 was ₦311,130 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Flour Mills Nigeria's Net-Net Working Capital per share for the quarter that ended in Mar. 2023 was ₦-145.47.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Flour Mills Nigeria's Days Inventory for the six months ended in Mar. 2023 was 41.67.

Inventory Turnover measures how fast the company turns over its inventory within a year. Flour Mills Nigeria's Inventory Turnover for the quarter that ended in Mar. 2023 was 4.38.

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. Flour Mills Nigeria's Inventory-to-Revenue for the quarter that ended in Mar. 2023 was 0.20.

Flour Mills Nigeria Total Inventories Historical Data

The historical data trend for Flour Mills Nigeria'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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Flour Mills Nigeria Total Inventories Chart

Flour Mills Nigeria Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Total Inventories

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118,885.68

115,743.78

195,825.48

285,219.91

337,040.91

Flour Mills Nigeria Semi-Annual Data
	Mar11	Mar12	Mar13	Mar14	Mar15	Mar16	Mar17	Mar18	Mar19	Mar20	Mar21	Mar22	Mar23
Total Inventories	Get a 7-Day Free Trial								118,885.68	115,743.78	195,825.48	285,219.91	337,040.91

Flour Mills Nigeria 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.

Flour Mills Nigeria (NSA:FMNL) 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.

Flour Mills Nigeria's Net-Net Working Capital Per Share for the quarter that ended in Mar. 2023 is

	Net-Net Working Capital Per Share (Q: Mar. 2023 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(97702.029	+	0.75 * 32923.499	+	0.5 * 337040.914	-	872171.503
-	0	-	15217.501)	/	4100.4
=	-145.47

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

Flour Mills Nigeria's Days Inventory for the six months ended in Mar. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2023 )	/	Cost of Goods Sold (Q: Mar. 2023 )	*	Days in Period
	=	311130.41	/	1362551.941	*	365 / 2
	=	41.67

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

Flour Mills Nigeria's Inventory Turnover for the quarter that ended in Mar. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Mar. 2023 )	/	Average Total Inventories (Q: Mar. 2023 )
	=	1362551.941	/	311130.41
	=	4.38

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.

Flour Mills Nigeria's Inventory to Revenue for the quarter that ended in Mar. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2023 )	/	Revenue (Q: Mar. 2023 )
	=	311130.41	/	1539654.788
	=	0.20

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.

Flour Mills Nigeria Total Inventories Related Terms

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Flour Mills Nigeria (NSA:FMNL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Flour Mills Nigeria PLC (NSA:FMNL) » Definitions » Total Inventories

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Address

Wharf Road, 1, Golden Penny Place, Apapa, Lagos, NGA

Website

https://www.fmnplc.com

Flour Mills Nigeria PLC is an investment holding company. The company's operating segment includes Food; Agro Allied; Sugar and Support Services. It generates maximum revenue from the Food segment which includes milling and sales of flour and production and sales of pasta, snacks, and noodles. Its Agro-Allied segment includes farming of maize, cassava, soya, sugar cane and oil palm and production and sales of fertilizer, edible oils and livestock feeds. The Sugar segment includes the cultivation and processing of sugarcane, refining and selling of sugar and sale of by-products from sugar refining.

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