Auto Parts 4Less Group (Auto Parts 4Less Group) Total Inventories : $0.03 Mil (As of Oct. 2023)

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What is Auto Parts 4Less Group Total Inventories?

Auto Parts 4Less Group's total inventories for the quarter that ended in Oct. 2023 was $0.03 Mil. Auto Parts 4Less Group's average total inventories from the quarter that ended in Jul. 2023 to the quarter that ended in Oct. 2023 was $0.03 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Auto Parts 4Less Group's Net-Net Working Capital per share for the quarter that ended in Oct. 2023 was $-3.97.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Auto Parts 4Less Group's Days Inventory for the three months ended in Oct. 2023 was 76.84.

Inventory Turnover measures how fast the company turns over its inventory within a year. Auto Parts 4Less Group's Inventory Turnover for the quarter that ended in Oct. 2023 was 1.19.

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. Auto Parts 4Less Group's Inventory-to-Revenue for the quarter that ended in Oct. 2023 was 0.22.

Auto Parts 4Less Group Total Inventories Historical Data

The historical data trend for Auto Parts 4Less Group'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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Auto Parts 4Less Group Total Inventories Chart

Auto Parts 4Less Group Annual Data

Trend

Jan14

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Total Inventories

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0.29

0.37

0.32

0.43

0.05

Auto Parts 4Less Group Quarterly Data
	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23
Total Inventories	Get a 7-Day Free Trial															0.14	0.05	0.05	0.03	0.03

Auto Parts 4Less Group 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.

Auto Parts 4Less Group (OTCPK:FLES) 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.

Auto Parts 4Less Group's Net-Net Working Capital Per Share for the quarter that ended in Oct. 2023 is

	Net-Net Working Capital Per Share (Q: Oct. 2023 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(0.012	+	0.75 * 0	+	0.5 * 0.033	-	28.175
-	0	-	0)	/	7.08242
=	-3.97

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

Auto Parts 4Less Group's Days Inventory for the three months ended in Oct. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Oct. 2023 )	/	Cost of Goods Sold (Q: Oct. 2023 )	*	Days in Period
	=	0.032	/	0.038	*	365 / 4
	=	76.84

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

Auto Parts 4Less Group's Inventory Turnover for the quarter that ended in Oct. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Oct. 2023 )	/	Average Total Inventories (Q: Oct. 2023 )
	=	0.038	/	0.032
	=	1.19

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.

Auto Parts 4Less Group's Inventory to Revenue for the quarter that ended in Oct. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Oct. 2023 )	/	Revenue (Q: Oct. 2023 )
	=	0.032	/	0.144
	=	0.22

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.

Auto Parts 4Less Group Total Inventories Related Terms

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Auto Parts 4Less Group (Auto Parts 4Less Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Auto Parts 4Less Group Inc (OTCPK:FLES) » Definitions » Total Inventories

Comparable Companies

Traded in Other Exchanges

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Address

106 W. Mayflower, Las Vegas, NV, USA, 89030

Website

https://www.liftkits4less.com

Auto Parts 4Less Group Inc is an e-commerce auto parts sales company. It offers parts and accessories that are manufactured, sold, and distributed for cars, light trucks, and other passenger vehicles motorcycles, all-terrain vehicles, utility terrain vehicles, boats, and others.

Executives

Christopher Dean Davenport

10 percent owner

106 W MAYFLOWER AVENUE, N. LAS VEGAS NV 89030