Advance Residence Investment (TSE:3269) Total Inventories : 円0 Mil (As of Jan. 2023)

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What is Advance Residence Investment Total Inventories?

Advance Residence Investment's total inventories for the quarter that ended in Jan. 2023 was 円0 Mil. Advance Residence Investment's average total inventories from the quarter that ended in Jul. 2022 to the quarter that ended in Jan. 2023 was 円0 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Advance Residence Investment's Net-Net Working Capital per share for the quarter that ended in Jan. 2023 was 円-161,331.80.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Advance Residence Investment's Days Inventory for the six months ended in Jan. 2023 was 0.00.

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

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. Advance Residence Investment's Inventory-to-Revenue for the quarter that ended in Jan. 2023 was 0.00.

Advance Residence Investment Total Inventories Historical Data

The historical data trend for Advance Residence Investment'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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Advance Residence Investment Total Inventories Chart

Advance Residence Investment Annual Data

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Total Inventories

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Advance Residence Investment Semi-Annual Data
	Jan14	Jul14	Jan15	Jul15	Jan16	Jul16	Jan17	Jul17	Jan18	Jul18	Jan19	Jul19	Jan20	Jul20	Jan21	Jul21	Jan22	Jul22	Jan23	Jan24
Total Inventories	Get a 7-Day Free Trial															-	-	-	-	-

Advance Residence Investment 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.

Advance Residence Investment (TSE:3269) 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.

Advance Residence Investment's Net-Net Working Capital Per Share for the quarter that ended in Jan. 2023 is

	Net-Net Working Capital Per Share (Q: Jan. 2023 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(14716.443	+	0.75 * 148.816	+	0.5 * 0	-	238272.595
-	0	-	0)	/	1.385
=	-161,331.80

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

Advance Residence Investment's Days Inventory for the six months ended in Jan. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jan. 2023 )	/	Cost of Goods Sold (Q: Jan. 2023 )	*	Days in Period
	=	0	/	7007.288	*	365 / 2
	=	0.00

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

Advance Residence Investment's Inventory Turnover for the quarter that ended in Jan. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Jan. 2023 )	/	Average Total Inventories (Q: Jan. 2023 )
	=	7007.288	/	0
	=	N/A

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.

Advance Residence Investment's Inventory to Revenue for the quarter that ended in Jan. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jan. 2023 )	/	Revenue (Q: Jan. 2023 )
	=	0	/	17868.5
	=	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.

Advance Residence Investment Total Inventories Related Terms

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Advance Residence Investment (TSE:3269) Business Description

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GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Advance Residence Investment Corp (TSE:3269) » Definitions » Total Inventories

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Address

3-26 Kanda-Nishikicho, Chiyoda Ward, Tokyo, JPN, 101-0054

Website

http://www.adr-reit.com

Advance Residence Investment Corp is a real estate investment trust that engaged in the property leasing business. It was created through consolidation type merger between the former Advance Residence Investment Corporation and Nippon Residential Investment Corporation. In order to secure stable earnings and steady growth in assets under management, the company procures funds through loans, issuance of investment corporation bonds, issuance of units, and other means of financing for purchasing real estate properties and repaying its debts. The company primarily invests in residential real estate properties located in central Tokyo, and the Tokyo metropolitan area.

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