Delving through its financial statements the book value on inventory at the latest reading* is shown in the table below, standing at about $4.2bn, a record level…

(*The group abides by a 52- or 53-week accounting period ending on the Saturday closest to September 30)

… so: from early 2020, as Covid-19 wave 1 hit, to date, the picture hasn’t changed materially, inventory having in fact risen by about $100m and $200m in value since late 2019 and March 2020, respectively.

A tiny, $1bn-plus, difference ...

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