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AAC Technologies Holdings (AAC Technologies Holdings) Total Inventories : $419 Mil (As of Dec. 2023)


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What is AAC Technologies Holdings Total Inventories?

AAC Technologies Holdings's total inventories for the quarter that ended in Dec. 2023 was $419 Mil. AAC Technologies Holdings's average total inventories from the quarter that ended in Jun. 2023 to the quarter that ended in Dec. 2023 was $454 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. AAC Technologies Holdings's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-0.55.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. AAC Technologies Holdings's Days Inventory for the six months ended in Dec. 2023 was 65.34.

Inventory Turnover measures how fast the company turns over its inventory within a year. AAC Technologies Holdings's Inventory Turnover for the quarter that ended in Dec. 2023 was 2.79.

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. AAC Technologies Holdings's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.29.

AAC Technologies Holdings Total Inventories Historical Data

The historical data trend for AAC Technologies Holdings'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.

* Premium members only.

AAC Technologies Holdings Total Inventories Chart

AAC Technologies Holdings Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Total Inventories
Get a 7-Day Free Trial Premium Member Only Premium Member Only 522.41 610.93 894.17 631.33 419.09

AAC Technologies Holdings 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 894.17 904.89 631.33 488.10 419.09

AAC Technologies Holdings 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.

AAC Technologies Holdings  (OTCPK:AACAF) 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.

AAC Technologies Holdings'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)
=(955.789+0.75 * 741.276+0.5 * 419.086-2316.394
-0-68.6)/1198.5
=-0.55

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

AAC Technologies Holdings'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
=453.594/1266.841*365 / 2
=65.34

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

AAC Technologies Holdings'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 )
=1266.841 / 453.594
=2.79

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.

AAC Technologies Holdings'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 )
=453.594 / 1568.601
=0.29

* 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.

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.

AAC Technologies Holdings Total Inventories Related Terms

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AAC Technologies Holdings (AAC Technologies Holdings) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Hardware » AAC Technologies Holdings Inc (OTCPK:AACAF) » Definitions » Total Inventories
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HKSE:06869 HKSE:00303 HKSE:02038 HKSE:01523 HKSE:02342 HKSE:08227 HKSE:02000 HKSE:01708 HKSE:01085 HKSE:01202 CSCO SHSE:601138 MSI HPE OHEL:NOKIA SZSE:000063 OSTO:ERIC B SHSE:688036 ZBRA JNPR
Traded in Other Exchanges
AACAY:USA 02018:Hong Kong A2X:Germany A2X:Germany A2XN:Germany A2XN:Germany
Address
38 Gloucester Road, Unit 1605-7, China Evergrande Centre, Wanchai, Hong Kong, HKG
Website
https://www.aactechnologies.com
AAC Technologies is one of the world's largest manufacturers of miniature acoustic components, such as speakers and receivers, primarily for smartphones, which account for under half of its revenue. Founded in 1993, the company has since then expanded into the production of other handset components, such as electromagnetic drives (haptics), precision mechanical (metal casing), lenses and camera modules, and MEMS microphones. AAC is headquartered in Shenzhen, China, and runs factories in China, Vietnam, Czechia, and Malaysia. It employed 27,798 people in December 2022.