African Agriculture Holdings (African Agriculture Holdings) Total Inventories : $0.26 Mil (As of Mar. 2024)

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What is African Agriculture Holdings Total Inventories?

African Agriculture Holdings's total inventories for the quarter that ended in Mar. 2024 was $0.26 Mil. African Agriculture Holdings's average total inventories from the quarter that ended in Dec. 2023 to the quarter that ended in Mar. 2024 was $0.26 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. African Agriculture Holdings's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was $-0.72.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. African Agriculture Holdings's Days Inventory for the three months ended in Mar. 2024 was 74.70.

Inventory Turnover measures how fast the company turns over its inventory within a year. African Agriculture Holdings's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.22.

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 Agriculture Holdings's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.75.

African Agriculture Holdings Total Inventories Historical Data

The historical data trend for African Agriculture 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.

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African Agriculture Holdings Total Inventories Chart

African Agriculture Holdings Annual Data

Trend

Dec21

Dec22

Dec23

Total Inventories

0.55

0.32

0.26

African Agriculture Holdings Quarterly Data
	Dec21	Mar22	Jun22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Total Inventories	Get a 7-Day Free Trial				0.31	0.27	0.26	0.26	0.26

African Agriculture 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.

African Agriculture Holdings (NAS:AAGR) 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 Agriculture Holdings's Net-Net Working Capital Per Share for the quarter that ended in Mar. 2024 is

	Net-Net Working Capital Per Share (Q: Mar. 2024 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(0.067	+	0.75 * 0.037	+	0.5 * 0.255	-	41.765
-	0	-	0)	/	57.8668
=	-0.72

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

African Agriculture Holdings's Days Inventory for the three months ended in Mar. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2024 )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
	=	0.2595	/	0.317	*	365 / 4
	=	74.70

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

African Agriculture Holdings's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Mar. 2024 )	/	Average Total Inventories (Q: Mar. 2024 )
	=	0.317	/	0.2595
	=	1.22

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 Agriculture Holdings's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	0.2595	/	0.345
	=	0.75

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 Agriculture Holdings Total Inventories Related Terms

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African Agriculture Holdings (African Agriculture Holdings) Business Description

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Address

445 Park Avenue, Ninth Floor, New York, NY, USA, 10022

Website

African Agriculture Holdings Inc is a holding company that operates principally through its wholly-owned subsidiary, which is developing the company's initial commercial farming business based in northern Senegal focusing on the production and sale of alfalfa for cattle feed and nutrition purposes. The company will sell alfalfa to owners and suppliers of cattle for feed and nutritional purposes, primarily in Senegal and the surrounding regions in Africa, the Economic Community of West African States (ECOWAS) region and the Middle East.