Qualstar (FRA:QST1) Total Inventories : €2.33 Mil (As of Sep. 2023)

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What is Qualstar Total Inventories?

Qualstar's total inventories for the quarter that ended in Sep. 2023 was €2.33 Mil. Qualstar's average total inventories from the quarter that ended in Sep. 2022 to the quarter that ended in Sep. 2023 was €1.16 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Qualstar's Net-Net Working Capital per share for the quarter that ended in Sep. 2023 was €1.38.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Qualstar's Days Inventory for the three months ended in Sep. 2023 was 52.38.

Inventory Turnover measures how fast the company turns over its inventory within a year. Qualstar's Inventory Turnover for the quarter that ended in Sep. 2023 was 1.74.

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. Qualstar's Inventory-to-Revenue for the quarter that ended in Sep. 2023 was 0.39.

Qualstar Total Inventories Historical Data

The historical data trend for Qualstar'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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Qualstar Total Inventories Chart

Qualstar Annual Data

Trend

Jun10

Jun11

Jun12

Jun13

Jun14

Jun15

Dec16

Dec17

Dec18

Dec19

Total Inventories

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2.63

1.29

1.32

2.55

2.29

Qualstar Quarterly Data
	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Sep22	Sep23
Total Inventories	Get a 7-Day Free Trial															2.48	2.29	2.60	-	2.33

Qualstar 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.

Qualstar (FRA:QST1) 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.

Qualstar's Net-Net Working Capital Per Share for the quarter that ended in Sep. 2023 is

	Net-Net Working Capital Per Share (Q: Sep. 2023 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(2.383	+	0.75 * 1.792	+	0.5 * 2.325	-	2.228
-	0	-	0)	/	1.92502
=	1.38

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

Qualstar's Days Inventory for the three months ended in Sep. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2023 )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
	=	1.1625	/	2.025	*	365 / 4
	=	52.38

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

Qualstar's Inventory Turnover for the quarter that ended in Sep. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Sep. 2023 )	/	Average Total Inventories (Q: Sep. 2023 )
	=	2.025	/	1.1625
	=	1.74

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.

Qualstar's Inventory to Revenue for the quarter that ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2023 )	/	Revenue (Q: Sep. 2023 )
	=	1.1625	/	2.944
	=	0.39

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.

Qualstar Total Inventories Related Terms

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Qualstar (FRA:QST1) Business Description

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Address

1 Jenner, Suite 200, Irvine, CA, USA, 92618

Website

https://www.qualstar.com

Qualstar Corp is a U.S based provider of data storage systems marketed under the Qualstar brand and of power solutions marketed under the N2Power brand. The company's segments include Power Supplies and Data Storage. Under the Power Supplies segment, it designs, manufactures and sells open frame switching power supplies. Under the Data Storage segment, it designs, manufactures and sells automated magnetic tape libraries used to store, retrieve and manage electronic data in network computing environments. It has its geographic presence in North America, Europe.

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