AbleGroup Bhd (XKLS:7086) Total Inventories : RM2.74 Mil (As of Dec. 2023)

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What is AbleGroup Bhd Total Inventories?

AbleGroup Bhd's total inventories for the quarter that ended in Dec. 2023 was RM2.74 Mil. AbleGroup Bhd's average total inventories from the quarter that ended in Sep. 2023 to the quarter that ended in Dec. 2023 was RM2.72 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. AbleGroup Bhd's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was RM0.02.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. AbleGroup Bhd's Days Inventory for the three months ended in Dec. 2023 was 300.88.

Inventory Turnover measures how fast the company turns over its inventory within a year. AbleGroup Bhd's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.30.

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. AbleGroup Bhd's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 2.10.

AbleGroup Bhd Total Inventories Historical Data

The historical data trend for AbleGroup Bhd'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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AbleGroup Bhd Total Inventories Chart

AbleGroup Bhd Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Inventories

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2.80

2.93

2.85

2.94

2.74

AbleGroup Bhd Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Total Inventories	Get a 7-Day Free Trial															2.94	2.68	2.69	2.69	2.74

AbleGroup Bhd 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.

AbleGroup Bhd (XKLS:7086) 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.

AbleGroup Bhd'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)
=	(4.265	+	0.75 * 0.893	+	0.5 * 2.744	-	2.315
-	0	-	0)	/	263.9
=	0.02

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

AbleGroup Bhd's Days Inventory for the three 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
	=	2.717	/	0.824	*	365 / 4
	=	300.88

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

AbleGroup Bhd'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 )
	=	0.824	/	2.717
	=	0.30

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.

AbleGroup Bhd'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 )
	=	2.717	/	1.291
	=	2.10

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.

AbleGroup Bhd Total Inventories Related Terms

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AbleGroup Bhd (XKLS:7086) Business Description

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Address

No. 1, Jalan Dutamas 1, Level 2, Solaris Dutamas, Block D4-U2-10, Kuala Lumpur, MYS, 50480

Website

http://www.ablegroup.com.my

AbleGroup Bhd is a Malaysia-based investment holding company. It is engaged in the processing, trading, exporting, and production of marble and granite products. The company operates through three segments: Building material segment, Investment holding, and Property development segment. Its building material segment is involved in the supply, delivery, and installation of stone and tiling works. All of its revenue comes from the Building material segment. Geographically, it operates only in Malaysia.

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