AirAsia X Bhd (XKLS:5238) Total Inventories : RM8 Mil (As of Mar. 2024)

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What is AirAsia X Bhd Total Inventories?

AirAsia X Bhd's total inventories for the quarter that ended in Mar. 2024 was RM8 Mil. AirAsia X Bhd's average total inventories from the quarter that ended in Dec. 2023 to the quarter that ended in Mar. 2024 was RM7 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. AirAsia X Bhd's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was RM-6.54.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. AirAsia X Bhd's Days Inventory for the three months ended in Mar. 2024 was 0.91.

Inventory Turnover measures how fast the company turns over its inventory within a year. AirAsia X Bhd's Inventory Turnover for the quarter that ended in Mar. 2024 was 100.21.

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. AirAsia X Bhd's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.01.

AirAsia X Bhd Total Inventories Historical Data

The historical data trend for AirAsia X 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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AirAsia X Bhd Total Inventories Chart

AirAsia X Bhd Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec23

Total Inventories

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14.15

8.52

13.26

13.10

6.97

AirAsia X Bhd Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Mar21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Total Inventories	Get a 7-Day Free Trial															9.19	9.74	9.96	6.97	8.03

AirAsia X 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.

AirAsia X Bhd (XKLS:5238) 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.

AirAsia X Bhd's Net-Net Working Capital Per Share for the quarter that ended in Mar. 2024 is

	Net-Net Working Capital Per Share (Q: Mar. 2024 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(58.955	+	0.75 * 33.699	+	0.5 * 8.027	-	3010.064
-	0	-	0)	/	447.073
=	-6.54

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

AirAsia X Bhd's Days Inventory for the three months ended in Mar. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2024 )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
	=	7.4975	/	751.329	*	365 / 4
	=	0.91

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

AirAsia X Bhd's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Mar. 2024 )	/	Average Total Inventories (Q: Mar. 2024 )
	=	751.329	/	7.4975
	=	100.21

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.

AirAsia X Bhd's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	7.4975	/	908.917
	=	0.01

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.

AirAsia X Bhd Total Inventories Related Terms

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AirAsia X Bhd (XKLS:5238) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » AirAsia X Bhd (XKLS:5238) » Definitions » Total Inventories

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Address

RedQ, Jalan Pekeliling 5, Lapangan Terbang Antarabangsa, KLIA, Kuala Lumpur, SGR, MYS, 64000

Website

http://www.airasiax.com

AirAsia X Bhd is a Malaysia-based long-haul airline company, engaged in providing long-haul air transportation services. It operates primarily in the Asia-Pacific region. The organization's reportable segments are classified as each company with an Air Operator Certificate held under the AirAsia brand, namely Malaysia, Thailand, and Indonesia. Thailand is the maximum revenue-generating segment for the company. It derives revenue through freight services, aircraft operating lease income, management fees, and through other ancillary activities. It also offers management logistical and marketing services and engine and aircraft leasing services.

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