Able View Global (Able View Global) Total Inventories : $17.4 Mil (As of Dec. 2023)

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What is Able View Global Total Inventories?

Able View Global's total inventories for the quarter that ended in Dec. 2023 was $17.4 Mil. Able View Global's average total inventories from the quarter that ended in Jun. 2023 to the quarter that ended in Dec. 2023 was $16.8 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Able View Global's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-0.25.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Able View Global's Days Inventory for the six months ended in Dec. 2023 was 61.32.

Inventory Turnover measures how fast the company turns over its inventory within a year. Able View Global's Inventory Turnover for the quarter that ended in Dec. 2023 was 2.98.

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. Able View Global's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.25.

Able View Global Total Inventories Historical Data

The historical data trend for Able View Global'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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Able View Global Total Inventories Chart

Able View Global Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Total Inventories

5.96

9.99

18.68

17.43

Able View Global Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Total Inventories	Get a 7-Day Free Trial			9.99	19.59	18.68	16.17	17.43

Able View Global 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.

Able View Global (NAS:ABLV) 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.

Able View Global'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)
=	(13.328	+	0.75 * 14.476	+	0.5 * 17.426	-	43.491
-	0	-	0)	/	42.1188
=	-0.25

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

Able View Global'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
	=	16.8	/	49.997	*	365 / 2
	=	61.32

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

Able View Global'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 )
	=	49.997	/	16.8
	=	2.98

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.

Able View Global'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 )
	=	16.8	/	67.336
	=	0.25

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.

Able View Global Total Inventories Related Terms

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Able View Global (Able View Global) Business Description

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Address

No. 168, Middle Xizang Road, Floor 16, Dushi Headquarters Building, Shanghai, CHN, 200001

Website

Able View Global Inc operates as a brand management partner of international beauty and personal care brands in China. It provides full-service solutions covering marketing strategy, branding, digital and social marketing, omni-channel sales, customer service, overseas logistics, warehouse, and fulfillment. The firm generates revenue from product sales by distributing and selling cross-border products from various global brand owners to Chinese consumers.

Able View Global (Able View Global) Headlines

From GuruFocus

Able View Global Inc. Reports Fiscal Year 2023 Results

By ACCESSWIRE • 05-01-2024