ACEN (PHS:ACEN) Total Inventories : ₱917 Mil (As of Mar. 2024)

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What is ACEN Total Inventories?

ACEN's total inventories for the quarter that ended in Mar. 2024 was ₱917 Mil. ACEN's average total inventories from the quarter that ended in Dec. 2023 to the quarter that ended in Mar. 2024 was ₱940 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. ACEN's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was ₱-2.25.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. ACEN's Days Inventory for the three months ended in Mar. 2024 was 12.15.

Inventory Turnover measures how fast the company turns over its inventory within a year. ACEN's Inventory Turnover for the quarter that ended in Mar. 2024 was 7.51.

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. ACEN's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.10.

ACEN Total Inventories Historical Data

The historical data trend for ACEN'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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ACEN Total Inventories Chart

ACEN Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Inventories

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938.46

1,391.34

1,490.56

806.99

964.05

ACEN Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Total Inventories	Get a 7-Day Free Trial															1,030.98	909.16	1,080.90	964.05	916.51

ACEN 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.

ACEN (PHS:ACEN) 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.

ACEN'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)
=	(31302.674	+	0.75 * 26821.312	+	0.5 * 916.509	-	131061.418
-	25	-	10186.147)	/	39677.4
=	-2.25

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

ACEN's Days Inventory for the three 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
	=	940.281	/	7064.078	*	365 / 4
	=	12.15

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

ACEN'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 )
	=	7064.078	/	940.281
	=	7.51

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.

ACEN'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 )
	=	940.281	/	9835.837
	=	0.10

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.

ACEN Total Inventories Related Terms

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ACEN (PHS:ACEN) Business Description

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ACPIF:USA

Address

Paseo de Roxas corner Makati Avenue, 35th Floor, Ayala Triangle Gardens Tower 2, Makati, PHL, 1226

Website

https://www.acenrenewables.com

ACEN Corp is a Philippines-based energy provider. The company is mainly involved in the business of Renewables and Thermal energy. It also holds interests in the business of oil and gas exploration and production. The company operates in three segments: The Philippines segment, the International segment, and the Parent and Others segment The Philippines segment, which accounts for the vast majority of its revenue, is into Retail Electricity Supply, Renewables - generation, transmission, distribution, and supply of electricity using renewable sources, Thermal - generation, transmission, distribution, and supply of electricity using the conventional way of energy generation, Project development, Leasing, bulk water supply, and Petroleum and exploration.

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