Sears Holdings (Sears Holdings) Total Inventories : $2,324.00 Mil (As of Oct. 2018)

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What is Sears Holdings Total Inventories?

Sears Holdings's total inventories for the quarter that ended in Oct. 2018 was $2,324.00 Mil. Sears Holdings's average total inventories from the quarter that ended in Jul. 2018 to the quarter that ended in Oct. 2018 was $2,519.00 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Sears Holdings's Net-Net Working Capital per share for the quarter that ended in Oct. 2018 was $N/A.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Sears Holdings's Days Inventory for the three months ended in Oct. 2018 was 99.29.

Inventory Turnover measures how fast the company turns over its inventory within a year. Sears Holdings's Inventory Turnover for the quarter that ended in Oct. 2018 was 0.92.

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. Sears Holdings's Inventory-to-Revenue for the quarter that ended in Oct. 2018 was 0.92.

Sears Holdings Total Inventories Historical Data

The historical data trend for Sears Holdings'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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Sears Holdings Total Inventories Chart

Sears Holdings Annual Data

Trend

Jan09

Jan10

Jan11

Jan12

Jan13

Jan14

Jan15

Jan16

Jan17

Jan18

Total Inventories

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7,034.00

4,943.00

5,172.00

3,959.00

2,798.00

Sears Holdings Quarterly Data
	Apr14	Jul14	Oct14	Jan15	Apr15	Jul15	Oct15	Jan16	Apr16	Jul16	Oct16	Jan17	Apr17	Jul17	Oct17	Jan18	Apr18	Jul18	Oct18	Oct19
Total Inventories	Get a 7-Day Free Trial															2,798.00	2,838.00	2,714.00	2,324.00	-

Sears Holdings 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.

Sears Holdings (NAS:SHLDW) 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.

Sears Holdings's Net-Net Working Capital Per Share for the quarter that ended in Oct. 2018 is

	Net-Net Working Capital Per Share (Q: Oct. 2018 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(436	+	0.75 * 354	+	0.5 * 2324	-	11988
-	0	-	0)	/	0
=	N/A

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

Sears Holdings's Days Inventory for the three months ended in Oct. 2018 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Oct. 2018 )	/	Cost of Goods Sold (Q: Oct. 2018 )	*	Days in Period
	=	2519	/	2315	*	365 / 4
	=	99.29

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

Sears Holdings's Inventory Turnover for the quarter that ended in Oct. 2018 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Oct. 2018 )	/	Average Total Inventories (Q: Oct. 2018 )
	=	2315	/	2519
	=	0.92

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.

Sears Holdings's Inventory to Revenue for the quarter that ended in Oct. 2018 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Oct. 2018 )	/	Revenue (Q: Oct. 2018 )
	=	2519	/	2742
	=	0.92

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.

Sears Holdings Total Inventories Related Terms

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Sears Holdings (Sears Holdings) Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Sears Holdings Corp (NAS:SHLDW) » Definitions » Total Inventories

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Address

3333 Beverly Road, Hoffman Estates, IL, USA, 60179

Website

http://www.searsholdings.com

Sears Holdings Corporation is an America-based retailer that integrates the digital and physical shopping experiences for consumers. The company operates through retail store brands Sears and Kmart. Sears provides a broad range of home merchandise, apparel, automotive products and home services through both online and offline channels across the United States, and it owns proprietary brands, including Kenmore, Craftsman, and DieHard. Kmart is a mass merchandising firm, offering quality products to customers through exclusive brands. The majority of the company's revenue comes from the domestic market.