Hollysys Automation Technologies (Hollysys Automation Technologies) Total Inventories

: $112.3 Mil (As of Sep. 2023)

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Hollysys Automation Technologies's total inventories for the quarter that ended in Sep. 2023 was $112.3 Mil. Hollysys Automation Technologies's average total inventories from the quarter that ended in Jun. 2023 to the quarter that ended in Sep. 2023 was $111.9 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Hollysys Automation Technologies's Net-Net Working Capital per share for the quarter that ended in Sep. 2023 was $6.51.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Hollysys Automation Technologies's Days Inventory for the three months ended in Sep. 2023 was 78.14.

Inventory Turnover measures how fast the company turns over its inventory within a year. Hollysys Automation Technologies's Inventory Turnover for the quarter that ended in Sep. 2023 was 1.17.

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. Hollysys Automation Technologies's Inventory-to-Revenue for the quarter that ended in Sep. 2023 was 0.56.

Hollysys Automation Technologies Total Inventories Historical Data

The historical data trend for Hollysys Automation Technologies'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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Hollysys Automation Technologies Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Total Inventories

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42.98

48.21

47.91

91.24

111.63

Hollysys Automation Technologies Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Total Inventories	Get a 7-Day Free Trial															104.42	108.91	117.45	111.63	112.26

Hollysys Automation Technologies 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.

Hollysys Automation Technologies (NAS:HOLI) 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.

Hollysys Automation Technologies'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)
=	(682.513	+	0.75 * 308.788	+	0.5 * 112.261	-	565.761
-	0	-	0.96)	/	62.0244
=	6.51

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

Hollysys Automation Technologies'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
	=	111.9475	/	130.724	*	365 / 4
	=	78.14

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

Hollysys Automation Technologies'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 )
	=	130.724	/	111.9475
	=	1.17

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.

Hollysys Automation Technologies'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 )
	=	111.9475	/	199.9
	=	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.

Hollysys Automation Technologies Total Inventories Related Terms

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Hollysys Automation Technologies (Hollysys Automation Technologies) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Hollysys Automation Technologies Ltd (NAS:HOLI) » Definitions » Total Inventories

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46H:Germany

Address

No. 2 Disheng Middle Road, Beijing Economic-Technological Development Area, Beijing, CHN, 100176

Website

https://www.hollysys.com/index.php

Hollysys Automation Technologies Ltd is a China-based company that provides automation and control technologies and products. The company operates through three segments. Its IA segment supplies solutions including third-party hardware-centric products, proprietary software products, and others. The Rail segment supplies train control center and automation train protection to the rail and subway industries. The M&E segment consists of its two Southeast Asia-based subsidiaries that provide mechanical and electrical solutions. Hollysys Automation Technologies generates most of its sales from the Chinese domestic market.