Other Inventories (Historical) Formula in Excel
Welcome to this comprehensive guide on using the Other Inventories (Historical) formula in Excel with MarketXLS. This function helps you retrieve the historical value of a company's “Other Inventories,” a current asset account that represents inventories other than finished goods, work in process, or raw materials. By leveraging this formula, you can efficiently analyze and compare a company’s inventory trends over specific years or quarters.
Understanding Other Inventories (Historical)
Other inventories are listed under current assets on a company’s balance sheet. These inventories are expected to provide benefits within the current accounting period. Some key benefits and use cases include:
- Tracking a company’s historical “Other Inventories” across multiple years or quarters.
- Analyzing short-term liquidity and turnover ratios.
- Gaining insights into changes in specific inventory segments outside of raw materials or finished goods.
? Pro Tip: Use the Other Inventories (Historical) formula along with other Historical Fundamental formulas to get a complete picture of a company’s financial health.
Syntax and Parameters
Below is the syntax for using the hf_Other_Inventories function in Excel:
=hf_Other_Inventories(Symbol, Year, [Quarter], [TTM])| Parameter | Description | Required | Example |
|---|---|---|---|
| Symbol | The ticker symbol or identifier of the security. Accepts stocks (e.g., "MSFT"), indices (e.g., "^SPX"), options (e.g., "@MSFT 110122C00020000"), and crypto (e.g., "BTCUSD:DEFAULT"). | Yes | "MSFT" |
| Year | The year or special keyword. You can use “2023,” “ly” (last year), “ly-1” (last year minus one), etc. | Yes | "2022", "ly", "ly-1" |
| Quarter | The calendar quarter. Input “1” for Q1, “2” for Q2, “3” for Q3, or “4” for Q4. You can also use “lq” (last quarter) or “lq-1” (last quarter minus one). Defaults to "1" if omitted. | No | 2 |
| TTM | Set “TTM” (Trailing Twelve Months) if you want the data for the trailing twelve-month period ending in the specified quarter/year. Leave blank (“”) if not needed. | No | "TTM" |
• The function returns a numeric value representing the historical Other Inventories.
• If the symbol is invalid or if your MarketXLS license is not valid, the function returns “NA.”
?? Note: This formula pulls live data from MarketXLS servers. Network conditions and API availability may affect performance.
Examples and Usage
Below are some practical examples that illustrate how to use the Other Inventories (Historical) formula in Excel:
-
Basic usage with a specific year:
=hf_Other_Inventories("MSFT", "2022")Returns the Other Inventories (Historical) for Microsoft in 2022.
-
Specifying a particular quarter:
=hf_Other_Inventories("MSFT", "2022", 2)Returns the Other Inventories (Historical) for Microsoft in Q2 of 2022.
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Using trailing twelve months (TTM):
=hf_Other_Inventories("MSFT", "2022", 3, "TTM")Returns the trailing twelve-month value ending in Q3 of 2022.
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Using “last quarter” keyword (lq):
=hf_Other_Inventories("MSFT", "lq")Returns the Other Inventories (Historical) for the most recent reported quarter.
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Using “last year minus one” (ly-1):
=hf_Other_Inventories("MSFT", "ly-1")Returns the Other Inventories (Historical) for the year before the last completed year.
? Pro Tip: Combine this formula with other MarketXLS “Historical Fundamental” functions (e.g., Revenue (Historical), Gross Profit (Historical)) to deepen your financial analysis.
Date Input Variations
Although the function expects a year and quarter, you can indirectly reference dates in various ways:
-
By cell references:
=hf_Other_Inventories(A1, B1, C1, D1)Where A1 might contain "MSFT," B1 contains the year (e.g., "2023"), C1 the quarter (e.g., 2), and D1 the TTM flag ("TTM" or "").
-
By direct date strings: You could create dynamic logic to convert full dates into year and quarter, then pass to the function. For example:
=hf_Other_Inventories("MSFT", TEXT("2024-03-15","yyyy"), TEXT("2024-03-15","m"), "") -
By Excel date functions:
=hf_Other_Inventories("MSFT", TEXT(A2,"yyyy"), TEXT(A2,"m"), "")Where A2 is a valid Excel date from which you derive the needed parameters.
Common Questions
1. What if the function returns “NA”?
“NA” can occur if your ticker symbol is invalid, the year/quarter input cannot be correctly processed, or your MarketXLS license is not valid. Always ensure your inputs are correct and that your subscription supports this function.
2. Does this function auto-update?
Yes. When using MarketXLS, the data will refresh based on your Excel settings. You can also manually refresh your worksheets.
3. Can I use it for crypto or index symbols?
Absolutely. Pass the symbol as “BTCUSD:DEFAULT” for crypto or “^SPX” for the S&P 500 index. Make sure your MarketXLS plan supports these data types.
4. How do I improve performance?
- Use fewer formulas by referencing results with cell references.
- Only recalculate on demand, especially if dealing with multiple real-time data calls.
- Ensure a stable internet connection for the API calls.
5. Are there other related historical fundamental formulas?
Yes! MarketXLS provides numerous historical formulas, such as:
- Revenue (Historical)
- Cost Of Revenue (Historical)
- Gross Profit (Historical)
- R&D Expenses (Historical)
- Selling General and Administrative Expense (Historical)
These functions can help you analyze other key financial metrics to complement your inventory data.
?? Note: Always check the latest MarketXLS documentation for up-to-date parameters and data source details.
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