ABL Diagnostics (XPAR:ABLD) Total Inventories : €0.76 Mil (As of Jun. 2023)

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What is ABL Diagnostics Total Inventories?

ABL Diagnostics's total inventories for the quarter that ended in Jun. 2023 was €0.76 Mil. ABL Diagnostics's average total inventories from the quarter that ended in Dec. 2022 to the quarter that ended in Jun. 2023 was €0.71 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. ABL Diagnostics's Net-Net Working Capital per share for the quarter that ended in Jun. 2023 was €-0.28.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. ABL Diagnostics's Days Inventory for the six months ended in Jun. 2023 was 201.32.

Inventory Turnover measures how fast the company turns over its inventory within a year. ABL Diagnostics's Inventory Turnover for the quarter that ended in Jun. 2023 was 0.91.

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. ABL Diagnostics's Inventory-to-Revenue for the quarter that ended in Jun. 2023 was 0.25.

ABL Diagnostics Total Inventories Historical Data

The historical data trend for ABL Diagnostics'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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ABL Diagnostics Total Inventories Chart

ABL Diagnostics Annual Data

Trend

Dec13

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Dec22

Total Inventories

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0.67

ABL Diagnostics Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Total Inventories	Get a 7-Day Free Trial															-	-	-	0.67	0.76

ABL Diagnostics 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.

ABL Diagnostics (XPAR:ABLD) 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.

ABL Diagnostics's Net-Net Working Capital Per Share for the quarter that ended in Jun. 2023 is

	Net-Net Working Capital Per Share (Q: Jun. 2023 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(1.545	+	0.75 * 4.296	+	0.5 * 0.758	-	9.661
-	0	-	0)	/	16.1139
=	-0.28

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

ABL Diagnostics's Days Inventory for the six months ended in Jun. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jun. 2023 )	/	Cost of Goods Sold (Q: Jun. 2023 )	*	Days in Period
	=	0.7115	/	0.645	*	365 / 2
	=	201.32

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

ABL Diagnostics's Inventory Turnover for the quarter that ended in Jun. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Jun. 2023 )	/	Average Total Inventories (Q: Jun. 2023 )
	=	0.645	/	0.7115
	=	0.91

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.

ABL Diagnostics's Inventory to Revenue for the quarter that ended in Jun. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jun. 2023 )	/	Revenue (Q: Jun. 2023 )
	=	0.7115	/	2.876
	=	0.25

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.

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ABL Diagnostics (XPAR:ABLD) Business Description

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Address

72c, rue de, WOIPPY, Thionville, FRA, 57140

Website

https://www.abldiagnostics.com

ABL Diagnostics is a diagnostic and medical software company. The group has focused on the development of software for collecting and processing medical databases, measuring the quality of care, diagnosing infectious diseases by genotyping, and providing decision support for doctors and nurses, virology and microbiology laboratories, and researchers dealing with patients suffering from chronic and complex diseases. It also develops, manufactures, and markets kits for clinical specimen collection.

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