Trio-Tech International (Trio-Tech International) Total Inventories

: $3.55 Mil (As of Dec. 2023)

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Trio-Tech International's total inventories for the quarter that ended in Dec. 2023 was $3.55 Mil. Trio-Tech International's average total inventories from the quarter that ended in Sep. 2023 to the quarter that ended in Dec. 2023 was $3.78 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Trio-Tech International's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $3.04.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Trio-Tech International's Days Inventory for the three months ended in Dec. 2023 was 36.94.

Inventory Turnover measures how fast the company turns over its inventory within a year. Trio-Tech International's Inventory Turnover for the quarter that ended in Dec. 2023 was 2.47.

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. Trio-Tech International's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.31.

Trio-Tech International Total Inventories Historical Data

The historical data trend for Trio-Tech International'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.

Trio-Tech International Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Total Inventories

2.43

1.92

2.08

2.26

2.15

Trio-Tech International Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Total Inventories																3.22	2.32	2.15	4.02	3.55

Trio-Tech International 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.

Trio-Tech International (AMEX:TRT) 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.

Trio-Tech International'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)
=	(16.757	+	0.75 * 12.388	+	0.5 * 3.546	-	15.07
-	0	-	0.091)	/	4.16055
=	3.04

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

Trio-Tech International's Days Inventory for the three 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
	=	3.7845	/	9.348	*	365 / 4
	=	36.94

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

Trio-Tech International'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 )
	=	9.348	/	3.7845
	=	2.47

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.

Trio-Tech International'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 )
	=	3.7845	/	12.202
	=	0.31

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.

Trio-Tech International Total Inventories Related Terms

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Trio-Tech International (Trio-Tech International) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Trio-Tech International (AMEX:TRT) » Definitions » Total Inventories

Comparable Companies

Traded in Other Exchanges

N/A

Address

Unit 03-09, Block 1008, Toa Payoh North, Singapore, SGP, 318996

Website

https://triotech.com

Trio-Tech International is a provider of third-party semiconductor testing and burn-in services through its laboratories in Southeast Asia. The company operates in four segments namely Manufacturing, Testing services, Distribution, and Real Estate. Its Manufacturing segment manufactures both front-end and back-end semiconductor test equipment and related peripherals. The Testing segment renders services to the manufacturer and purchaser of semiconductors and other entities. Its Distribution segment is involved in the distribution of its products. The company's Real Estate segment consists of investment in real estate. Its geographical area of operations includes the United States, Singapore, Malaysia, Thailand, and China.

Executives

Jason T Adelman	director	900 PARK AVENUE, APARTMENT 15A, NEW YORK NY 10021
Anitha Srinivasan	officer: CFO	103 HILLVIEW RISE, #09-18, SINGAPORE U0 667982
Ting Victor Hock Ming	director	770 BEDOK RESERVOIR ROAD, #01-03, SINGAPORE U0 479250
S W Yong	director, 10 percent owner, officer: Chief Executive Officer	7 PANDAN VALLEY, 16-502 POINCIANA TOWER, SINGAPORE U0 597631
Richard M Horowitz	director	9301 WILSHIRE BOULEVARD #206, BEVERLY HILLS CA 90210
Kuan Soon Siew	officer: Vice President	126 BUKIT MERAH VIEW, #18-374 U0 151126
Hwee Poh Lim	officer: Vice President - Testing	39 WARINGIN WALK, SINGAPORE U0 416292
A Charles Wilson	director	623 NORTH PALM DRIVE, BEVERLY HILLS CA 90210
Daniel Zeff	10 percent owner	400 S. MCCADDEN PL., LOS ANGELES CA 90020
Spectrum Galaxy Fund Ltd.	10 percent owner	50 CALIFORNIA STREET, SUITE 1500, SAN FRANCISCO CA 94111
Zeff Capital Partners I, L.p.	10 percent owner	C/O ZEFF HOLDING COMPANY, LLC, 50 CALIFORNIA STREET, SAN FRANCISCO CA 94111
Zeff Holding Company, Llc	10 percent owner	400 S. MCCADDEN PL., LOS ANGELES CA 90020

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