ANTA Sports Products (ANTA Sports Products) Total Inventories : $1,010 Mil (As of Dec. 2023)

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What is ANTA Sports Products Total Inventories?

ANTA Sports Products's total inventories for the quarter that ended in Dec. 2023 was $1,010 Mil. ANTA Sports Products's average total inventories from the quarter that ended in Jun. 2023 to the quarter that ended in Dec. 2023 was $958 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. ANTA Sports Products's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $4.51.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. ANTA Sports Products's Days Inventory for the six months ended in Dec. 2023 was 100.35.

Inventory Turnover measures how fast the company turns over its inventory within a year. ANTA Sports Products's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.82.

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. ANTA Sports Products's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.21.

ANTA Sports Products Total Inventories Historical Data

The historical data trend for ANTA Sports Products'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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ANTA Sports Products Total Inventories Chart

ANTA Sports Products Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Inventories

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628.06

838.93

1,200.13

1,217.78

1,009.78

ANTA Sports Products Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Total Inventories	Get a 7-Day Free Trial															1,200.13	1,223.56	1,217.78	905.83	1,009.78

ANTA Sports Products 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.

ANTA Sports Products (OTCPK:ANPDY) 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.

ANTA Sports Products's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2023 is

	Net-Net Working Capital Per Share (Q: Dec. 2023 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(5323.24	+	0.75 * 522.674	+	0.5 * 1009.776	-	5072.407
-	0	-	637.237)	/	113.305
=	4.51

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

ANTA Sports Products's Days Inventory for the six months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	957.802	/	1741.968	*	365 / 2
	=	100.35

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

ANTA Sports Products's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Dec. 2023 )	/	Average Total Inventories (Q: Dec. 2023 )
	=	1741.968	/	957.802
	=	1.82

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.

ANTA Sports Products's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	957.802	/	4581.244
	=	0.21

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.

ANTA Sports Products Total Inventories Related Terms

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ANTA Sports Products (ANTA Sports Products) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » ANTA Sports Products Ltd (OTCPK:ANPDY) » Definitions » Total Inventories

Comparable Companies

Traded in Other Exchanges

ANPDF:USA ANTA:Mexico 02020:Hong Kong AS7:Germany

Address

Anta Headquarters Building, Dongshan Industrial Zone, Chidian Town, Fujian Province, Jinjiang, CHN, 362212

Website

https://www.anta.com

Anta Sports is the largest Chinese sportswear company, engaging in the design, manufacturing, and marketing of sportswear. Brands under Anta's management include the Anta core brand, Fila, Descente, Sprandi, Kolon, and KingKow. As of the end of 2020, the company had 12,260 stores, of which 9,922 were Anta stores and 2,006 were Fila stores.