Able Engineering Holdings (HKSE:01627) Total Inventories : HK$2 Mil (As of Sep. 2023)

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What is Able Engineering Holdings Total Inventories?

Able Engineering Holdings's total inventories for the quarter that ended in Sep. 2023 was HK$2 Mil. Able Engineering Holdings's average total inventories from the quarter that ended in Mar. 2023 to the quarter that ended in Sep. 2023 was HK$3 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Able Engineering Holdings's Net-Net Working Capital per share for the quarter that ended in Sep. 2023 was HK$-0.54.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Able Engineering Holdings's Days Inventory for the six months ended in Sep. 2023 was 0.18.

Inventory Turnover measures how fast the company turns over its inventory within a year. Able Engineering Holdings's Inventory Turnover for the quarter that ended in Sep. 2023 was 1,039.45.

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. Able Engineering Holdings's Inventory-to-Revenue for the quarter that ended in Sep. 2023 was 0.00.

Able Engineering Holdings Total Inventories Historical Data

The historical data trend for Able Engineering 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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Able Engineering Holdings Total Inventories Chart

Able Engineering Holdings Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

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Mar19

Mar20

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Mar23

Total Inventories

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3.38

Able Engineering Holdings Semi-Annual Data
	Mar14	Mar15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Total Inventories	Get a 7-Day Free Trial													-	-	-	3.38	2.22

Able Engineering 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.

Able Engineering Holdings (HKSE:01627) 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.

Able Engineering Holdings's Net-Net Working Capital Per Share for the quarter that ended in Sep. 2023 is

	Net-Net Working Capital Per Share (Q: Sep. 2023 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(1982.646	+	0.75 * 501.714	+	0.5 * 2.222	-	3444.601
-	0	-	0)	/	2000
=	-0.54

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

Able Engineering Holdings's Days Inventory for the six months ended in Sep. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2023 )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
	=	2.8025	/	2913.047	*	365 / 2
	=	0.18

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

Able Engineering Holdings's Inventory Turnover for the quarter that ended in Sep. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Sep. 2023 )	/	Average Total Inventories (Q: Sep. 2023 )
	=	2913.047	/	2.8025
	=	1,039.45

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.

Able Engineering Holdings's Inventory to Revenue for the quarter that ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2023 )	/	Revenue (Q: Sep. 2023 )
	=	2.8025	/	3032.016
	=	0.00

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.

Able Engineering Holdings Total Inventories Related Terms

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Able Engineering Holdings (HKSE:01627) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Able Engineering Holdings Ltd (HKSE:01627) » Definitions » Total Inventories

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Address

No. 155 Waterloo Road, Kowloon Tong, Kowloon, Hong Kong, HKG

Website

https://www.ableeng.com.hk

Able Engineering Holdings Ltd is engaged in building construction and repair, maintenance, alteration, and addition (RMAA) . The company is engaged in the construction and renovation of residential buildings, the design and construction of government facilities, skeleton fabrication, school reconstruction, public rental housing construction, and public housing construction. The company's projects include Project A9 in Kowloon City, project A10 in Tai Lam, project A11 in Ho Man Tin, project A12 in Repulse Bay, and others. Geographically, it derives revenue from Hong Kong.

Executives

Golden Lux Holdings Limited	2101 Beneficial owner
Golden More Limited	2201 Interest of corporation controlled by you
Cheng Wai Chun	2202 Interest of your spouse
Ngai Chun Hung	2201 Interest of corporation controlled by you
Fame Yield International Limited	2201 Interest of corporation controlled by you

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