Australian Dairy Nutritionals (ASX:AHF) Total Inventories : A$2.38 Mil (As of Dec. 2023)

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What is Australian Dairy Nutritionals Total Inventories?

Australian Dairy Nutritionals's total inventories for the quarter that ended in Dec. 2023 was A$2.38 Mil. Australian Dairy Nutritionals's average total inventories from the quarter that ended in Jun. 2023 to the quarter that ended in Dec. 2023 was A$2.06 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Australian Dairy Nutritionals's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was A$-0.00.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Australian Dairy Nutritionals's Days Inventory for the six months ended in Dec. 2023 was 117.20.

Inventory Turnover measures how fast the company turns over its inventory within a year. Australian Dairy Nutritionals's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.56.

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. Australian Dairy Nutritionals's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.56.

Australian Dairy Nutritionals Total Inventories Historical Data

The historical data trend for Australian Dairy Nutritionals'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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Australian Dairy Nutritionals Total Inventories Chart

Australian Dairy Nutritionals Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Total Inventories

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1.00

1.26

1.04

1.40

1.73

Australian Dairy Nutritionals Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Total Inventories	Get a 7-Day Free Trial															1.92	1.40	2.33	1.73	2.38

Australian Dairy Nutritionals 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.

Australian Dairy Nutritionals (ASX:AHF) 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.

Australian Dairy Nutritionals'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)
=	(0.403	+	0.75 * 0.715	+	0.5 * 2.381	-	2.676
-	0	-	0)	/	655.867
=	-0.00

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

Australian Dairy Nutritionals'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
	=	2.057	/	3.203	*	365 / 2
	=	117.20

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

Australian Dairy Nutritionals'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 )
	=	3.203	/	2.057
	=	1.56

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.

Australian Dairy Nutritionals'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 )
	=	2.057	/	3.691
	=	0.56

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.

Australian Dairy Nutritionals Total Inventories Related Terms

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Australian Dairy Nutritionals (ASX:AHF) Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Australian Dairy Nutritionals Ltd (ASX:AHF) » Definitions » Total Inventories

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Address

160 Depot Road, Camperdown, Sydney, VIC, AUS, 3260

Website

https://www.adfl.com.au

Australian Dairy Nutritionals Ltd is a vertically integrated dairy producer in Australia. The company's operating segment includes Nutritional Powders and Dairy Processing. It generates maximum revenue from the Dairy Processing segment. Dairy Processing segment includes the processing and sale of dairy products to domestic markets. The Dairy Farms segment includes the ownership and operation of dairy farms and dairy livestock for the production and sale of fresh raw milk for conversion to milk and milk products. Its product portfolio includes Milk; Yoghurt; Butter and Stockist. Geographically, it derives a majority of its revenue from Australia.

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