Acer Gaming (ROCO:6908) Total Inventories : NT$405 Mil (As of Dec. 2023)

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What is Acer Gaming Total Inventories?

Acer Gaming's total inventories for the quarter that ended in Dec. 2023 was NT$405 Mil. Acer Gaming's average total inventories from the quarter that ended in Jun. 2023 to the quarter that ended in Dec. 2023 was NT$431 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Acer Gaming's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was NT$-0.70.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Acer Gaming's Days Inventory for the six months ended in Dec. 2023 was 39.39.

Inventory Turnover measures how fast the company turns over its inventory within a year. Acer Gaming's Inventory Turnover for the quarter that ended in Dec. 2023 was 4.63.

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. Acer Gaming's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.19.

Acer Gaming Total Inventories Historical Data

The historical data trend for Acer Gaming'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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Acer Gaming Total Inventories Chart

Acer Gaming Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Total Inventories

29.69

41.87

222.79

404.51

Acer Gaming Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Total Inventories	Get a 7-Day Free Trial			41.87	113.22	222.79	457.98	404.51

Acer Gaming 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.

Acer Gaming (ROCO:6908) 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.

Acer Gaming's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2023 is

	Net-Net Working Capital Per Share (Q: Dec. 2023 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(851.889	+	0.75 * 437.312	+	0.5 * 404.514	-	1040.256
-	0	-	366.307)	/	35
=	-0.70

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

Acer Gaming's Days Inventory for the six months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	431.2445	/	1998.212	*	365 / 2
	=	39.39

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

Acer Gaming's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Dec. 2023 )	/	Average Total Inventories (Q: Dec. 2023 )
	=	1998.212	/	431.2445
	=	4.63

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.

Acer Gaming's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	431.2445	/	2212.276
	=	0.19

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.

Acer Gaming Total Inventories Related Terms

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Acer Gaming (ROCO:6908) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Acer Gaming Inc (ROCO:6908) » Definitions » Total Inventories

Comparable Companies

Traded in Other Exchanges

N/A

Address

Fuxing North Road, 7th Floor-5, 369, Taipei City, TWN, 10541

Website

https://www.acergaming.com

Acer Gaming Inc operates electronic sports businesses. The company offers electronic sports community platform development, game entertainment channel agency sales, and other services. Its products cover game software, and hardware peripherals.

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