Asia Grocery Distribution (HKSE:08413) Total Inventories : HK$28.4 Mil (As of Sep. 2023)

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What is Asia Grocery Distribution Total Inventories?

Asia Grocery Distribution's total inventories for the quarter that ended in Sep. 2023 was HK$28.4 Mil. Asia Grocery Distribution's average total inventories from the quarter that ended in Jun. 2023 to the quarter that ended in Sep. 2023 was HK$14.2 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Asia Grocery Distribution's Net-Net Working Capital per share for the quarter that ended in Sep. 2023 was HK$0.04.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Asia Grocery Distribution's Days Inventory for the three months ended in Sep. 2023 was 23.12.

Inventory Turnover measures how fast the company turns over its inventory within a year. Asia Grocery Distribution's Inventory Turnover for the quarter that ended in Sep. 2023 was 3.95.

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. Asia Grocery Distribution's Inventory-to-Revenue for the quarter that ended in Sep. 2023 was 0.20.

Asia Grocery Distribution Total Inventories Historical Data

The historical data trend for Asia Grocery Distribution'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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Asia Grocery Distribution Total Inventories Chart

Asia Grocery Distribution Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Total Inventories

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7.88

29.99

32.28

38.41

32.11

Asia Grocery Distribution Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Total Inventories	Get a 7-Day Free Trial															39.35	-	32.11	-	28.41

Asia Grocery Distribution 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.

Asia Grocery Distribution (HKSE:08413) 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.

Asia Grocery Distribution'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)
=	(36.578	+	0.75 * 42.918	+	0.5 * 28.405	-	35.479
-	0	-	0)	/	1162
=	0.04

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

Asia Grocery Distribution's Days Inventory for the three 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
	=	14.2025	/	56.058	*	365 / 4
	=	23.12

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

Asia Grocery Distribution'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 )
	=	56.058	/	14.2025
	=	3.95

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.

Asia Grocery Distribution'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 )
	=	14.2025	/	72.089
	=	0.20

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.

Asia Grocery Distribution Total Inventories Related Terms

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Asia Grocery Distribution (HKSE:08413) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Asia Grocery Distribution Ltd (HKSE:08413) » Definitions » Total Inventories

Comparable Companies

Traded in Other Exchanges

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Address

No. 22 Sze Shan Street, The Whole of Upper Ground Floor, Mai Tong Industrial Building, Kowloon, Hong Kong, HKG

Website

https://www.agdl.com.hk

Asia Grocery Distribution Ltd is engaged in distributing food and beverage groceries to a wide array of customers, including restaurants, non-commercial dining establishments, hotels, and private clubs, food processing operators, and wholesalers in Hong Kong. It also offers Kitchen and hygiene products include food wrap and food related products such as cling film, baking sheet, foil, cleaning products such as detergent, bleach, liquid soap and others such as tissue paper, toothpick and towel, hygiene products such as face masks and gloves. The company distributes its products to Hong Kong, China, Korea, Thailand, Malaysia, the United Kingdom, the United States, Spain, France, Turkey, and Italy.

Executives

Chu Man	2202 Interest of your spouse
Sky Alpha Investments Limited	2101 Beneficial owner
Fan Wing	2202 Interest of your spouse
Wong Siu Man	2201 Interest of corporation controlled by you
Wong Siu Wa	2201 Interest of corporation controlled by you

Asia Grocery Distribution (HKSE:08413) Headlines

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