2 Cheap Cars Group (NZSE:2CC) Total Inventories : NZ$13.87 Mil (As of Mar. 2024)

View and export this data going back to 2021. Start your Free Trial

What is 2 Cheap Cars Group Total Inventories?

2 Cheap Cars Group's total inventories for the quarter that ended in Mar. 2024 was NZ$13.87 Mil. 2 Cheap Cars Group's average total inventories from the quarter that ended in Sep. 2023 to the quarter that ended in Mar. 2024 was NZ$12.03 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. 2 Cheap Cars Group's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was NZ$-0.04.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. 2 Cheap Cars Group's Days Inventory for the six months ended in Mar. 2024 was 63.60.

Inventory Turnover measures how fast the company turns over its inventory within a year. 2 Cheap Cars Group's Inventory Turnover for the quarter that ended in Mar. 2024 was 2.87.

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. 2 Cheap Cars Group's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.27.

2 Cheap Cars Group Total Inventories Historical Data

The historical data trend for 2 Cheap Cars 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.

* Premium members only.

2 Cheap Cars Group Total Inventories Chart

2 Cheap Cars Group Annual Data

Trend

Mar21

Mar22

Mar23

Mar24

Total Inventories

11.89

13.01

8.38

13.87

2 Cheap Cars Group Semi-Annual Data
	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
Total Inventories	Get a 7-Day Free Trial			13.01	12.67	8.38	10.19	13.87

2 Cheap Cars 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.

2 Cheap Cars Group (NZSE:2CC) 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.

2 Cheap Cars Group's Net-Net Working Capital Per Share for the quarter that ended in Mar. 2024 is

	Net-Net Working Capital Per Share (Q: Mar. 2024 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(4.673	+	0.75 * 0.601	+	0.5 * 13.873	-	13.992
-	0	-	0)	/	45.5545
=	-0.04

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

2 Cheap Cars Group's Days Inventory for the six months ended in Mar. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2024 )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
	=	12.032	/	34.525	*	365 / 2
	=	63.60

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

2 Cheap Cars Group's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Mar. 2024 )	/	Average Total Inventories (Q: Mar. 2024 )
	=	34.525	/	12.032
	=	2.87

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.

2 Cheap Cars Group's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	12.032	/	44.378
	=	0.27

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.

2 Cheap Cars Group Total Inventories Related Terms

Thank you for viewing the detailed overview of 2 Cheap Cars Group's Total Inventories provided by GuruFocus.com. Please click on the following links to see related term pages.

2 Cheap Cars Group (NZSE:2CC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » 2 Cheap Cars Group Ltd (NZSE:2CC) » Definitions » Total Inventories

Comparable Companies

Traded in Other Exchanges

N/A

Address

102 Mays Road, Onehunga, Auckland, NTL, NZL, 1061

Website

https://www.2cheapcars.co.nz

2 Cheap Cars Group Ltd is an integrated automotive group operating throughout New Zealand via two divisions: Automotive Retail and Finance. The 2 Cheap Cars Group draws revenue from the two divisions: automotive retail division, revenue is primarily from the sale of vehicles and from agent commissions relating to third-party finance and insurance products. NZ Motor Finance (NZMF) generates finance income from lending to customers who are financing vehicles, and from selling guaranteed asset protection insurance (GAP) and payment protection insurance (PPI) products.

2 Cheap Cars Group (NZSE:2CC) Headlines

No Headlines