Afarak Group SE (OHEL:AFAGR) Total Inventories : €24.5 Mil (As of Dec. 2022)

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What is Afarak Group SE Total Inventories?

Afarak Group SE's total inventories for the quarter that ended in Dec. 2022 was €24.5 Mil. Afarak Group SE's average total inventories from the quarter that ended in Jun. 2022 to the quarter that ended in Dec. 2022 was €25.1 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Afarak Group SE's Net-Net Working Capital per share for the quarter that ended in Dec. 2022 was €-0.09.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Afarak Group SE's Days Inventory for the six months ended in Dec. 2022 was 37.68.

Inventory Turnover measures how fast the company turns over its inventory within a year. Afarak Group SE's Inventory Turnover for the quarter that ended in Dec. 2022 was 4.84.

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. Afarak Group SE's Inventory-to-Revenue for the quarter that ended in Dec. 2022 was 0.24.

Afarak Group SE Total Inventories Historical Data

The historical data trend for Afarak Group SE'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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Afarak Group SE Total Inventories Chart

Afarak Group SE Annual Data

Trend

Dec14

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Dec19

Dec20

Dec21

Dec22

Dec23

Total Inventories

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29.96

13.46

13.29

24.47

29.45

Afarak Group SE Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Dec23
Total Inventories	Get a 7-Day Free Trial															12.61	13.29	25.76	24.47	29.45

Afarak Group SE 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.

Afarak Group SE (OHEL:AFAGR) 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.

Afarak Group SE's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2022 is

	Net-Net Working Capital Per Share (Q: Dec. 2022 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(12.418	+	0.75 * 7.833	+	0.5 * 24.472	-	54.971
-	0	-	-0.92)	/	260
=	-0.09

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

Afarak Group SE's Days Inventory for the six months ended in Dec. 2022 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2022 )	/	Cost of Goods Sold (Q: Dec. 2022 )	*	Days in Period
	=	25.1175	/	121.654	*	365 / 2
	=	37.68

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

Afarak Group SE's Inventory Turnover for the quarter that ended in Dec. 2022 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Dec. 2022 )	/	Average Total Inventories (Q: Dec. 2022 )
	=	121.654	/	25.1175
	=	4.84

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.

Afarak Group SE's Inventory to Revenue for the quarter that ended in Dec. 2022 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2022 )	/	Revenue (Q: Dec. 2022 )
	=	25.1175	/	106.639
	=	0.24

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.

Afarak Group SE Total Inventories Related Terms

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Afarak Group SE (OHEL:AFAGR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Afarak Group SE (OHEL:AFAGR) » Definitions » Total Inventories

Traded in Other Exchanges

N/A

Address

Kaisaniemenkatu 4, Helsinki, FIN, 00100

Website

https://www.afarak.com

Afarak Group SE is a chrome mining and minerals producer focused on sustainable growth with a specialty alloys business in southern Europe and a ferroalloys business. The company has two operating segments FerroAlloys and Speciality Alloys. The FerroAlloys business consists of the plant Mogale Alloys, Vlakpoort mine, Zeerust mine, the Stellite mine, and the Mecklenburg mine in South Africa. It produces chrome ore, charge chrome, medium carbon ferrochrome, and silicomanganese. The Speciality Alloys business consists of Turk Maadin Sirketi A.S, the mining and beneficiation operation in Turkey, and Elektrowerk Weisweiler GmbH, the chromite concentrate processing plant in Germany. The company operates in European countries, the United States, China, Africa, Finland, and Other countries.

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