African And Overseas Enterprises (JSE:AOO) Total Inventories : R141.7 Mil (As of Dec. 2023)

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What is African And Overseas Enterprises Total Inventories?

African And Overseas Enterprises's total inventories for the quarter that ended in Dec. 2023 was R141.7 Mil. African And Overseas Enterprises's average total inventories from the quarter that ended in Jun. 2023 to the quarter that ended in Dec. 2023 was R146.8 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. African And Overseas Enterprises's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was R-59.33.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. African And Overseas Enterprises's Days Inventory for the six months ended in Dec. 2023 was 130.01.

Inventory Turnover measures how fast the company turns over its inventory within a year. African And Overseas Enterprises's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.40.

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. African And Overseas Enterprises's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.38.

African And Overseas Enterprises Total Inventories Historical Data

The historical data trend for African And Overseas Enterprises'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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African And Overseas Enterprises Total Inventories Chart

African And Overseas Enterprises Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Total Inventories

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100.64

111.68

81.24

124.96

152.02

African And Overseas Enterprises 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															81.58	124.96	145.03	152.02	141.67

African And Overseas Enterprises 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.

African And Overseas Enterprises (JSE:AOO) 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.

African And Overseas Enterprises'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)
=	(64.654	+	0.75 * 54.538	+	0.5 * 141.67	-	643.036
-	0.55	-	235.324)	/	11.841
=	-59.33

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

African And Overseas Enterprises'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
	=	146.8465	/	206.127	*	365 / 2
	=	130.01

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

African And Overseas Enterprises'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 )
	=	206.127	/	146.8465
	=	1.40

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.

African And Overseas Enterprises'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 )
	=	146.8465	/	385.385
	=	0.38

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.

African And Overseas Enterprises Total Inventories Related Terms

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African And Overseas Enterprises (JSE:AOO) Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » African And Overseas Enterprises Ltd (JSE:AOO) » Definitions » Total Inventories

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AON:South Africa

Address

263 Victoria Road, Rex Trueform Office Park, Salt River,, Cape Town, WC, ZAF, 7925

Website

https://www.rextrueform.com

African And Overseas Enterprises Ltd is an investment holding company. The company operates in five segments: Retail division comprises the retailing of fashion apparel through Queenspark stores in South Africa. Property division comprises of the group's property portfolio based in Cape Town which includes both investment and owner-occupied properties.; Water infrastructure segment comprises an indirect investment made in a private water and wastewater utility group operating in the South African provinces of Mpumalanga and KwaZulu-Natal, Media and broadcasting comprises the provision of media and satellite equipment and services through Telemedia, and the Group Services division manages the corporate responsibility and includes corporate costs. The Retail Segment derives maximum revenue.

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