Optiscan Imaging (ASX:OIL) Total Inventories : A$1.91 Mil (As of Dec. 2023)

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What is Optiscan Imaging Total Inventories?

Optiscan Imaging's total inventories for the quarter that ended in Dec. 2023 was A$1.91 Mil. Optiscan Imaging's average total inventories from the quarter that ended in Jun. 2023 to the quarter that ended in Dec. 2023 was A$1.67 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Optiscan Imaging's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was A$0.02.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Optiscan Imaging's Days Inventory for the six months ended in Dec. 2023 was 2,386.76.

Inventory Turnover measures how fast the company turns over its inventory within a year. Optiscan Imaging's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.08.

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. Optiscan Imaging's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 3.73.

Optiscan Imaging Total Inventories Historical Data

The historical data trend for Optiscan Imaging'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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Optiscan Imaging Total Inventories Chart

Optiscan Imaging Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Total Inventories

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1.16

1.15

1.16

1.27

1.44

Optiscan Imaging 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															1.16	1.27	1.19	1.44	1.91

Optiscan Imaging 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.

Optiscan Imaging (ASX:OIL) 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.

Optiscan Imaging'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)
=	(13.651	+	0.75 * 1.268	+	0.5 * 1.911	-	1.72
-	0	-	0)	/	835.341
=	0.02

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

Optiscan Imaging'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
	=	1.674	/	0.128	*	365 / 2
	=	2,386.76

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

Optiscan Imaging'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 )
	=	0.128	/	1.674
	=	0.08

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.

Optiscan Imaging'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 )
	=	1.674	/	0.449
	=	3.73

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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Optiscan Imaging (ASX:OIL) Business Description

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Address

16 Miles Street, Mulgrave, Melbourne, VIC, AUS, 3170

Website

https://www.optiscan.com

Optiscan Imaging Ltd is engaged in the development, manufacture, and commercialization of endomicroscopic digital imaging technology solutions for medical, translational, and pre-clinical applications. Its technology offers real-time, 3D, in vivo imaging at the single-cell level, in a non-destructive manner that enables clinicians to make immediate informed decisions. Its products include InVivage, ViewnVivo, and Customisation.