The a2 Milk Co (The a2 Milk Co) Total Inventories : $118.7 Mil (As of Jun. 2023)

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What is The a2 Milk Co Total Inventories?

The a2 Milk Co's total inventories for the quarter that ended in Jun. 2023 was $118.7 Mil. The a2 Milk Co's average total inventories from the quarter that ended in Dec. 2022 to the quarter that ended in Jun. 2023 was $117.1 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. The a2 Milk Co's Net-Net Working Capital per share for the quarter that ended in Jun. 2023 was $0.40.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. The a2 Milk Co's Days Inventory for the six months ended in Jun. 2023 was 78.87.

Inventory Turnover measures how fast the company turns over its inventory within a year. The a2 Milk Co's Inventory Turnover for the quarter that ended in Jun. 2023 was 2.31.

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. The a2 Milk Co's Inventory-to-Revenue for the quarter that ended in Jun. 2023 was 0.24.

The a2 Milk Co Total Inventories Historical Data

The historical data trend for The a2 Milk Co'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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The a2 Milk Co Total Inventories Chart

The a2 Milk Co Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Total Inventories

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71.59

94.99

79.75

88.97

118.68

The a2 Milk Co Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Total Inventories	Get a 7-Day Free Trial															79.75	86.78	88.97	115.62	118.68

The a2 Milk Co 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.

The a2 Milk Co (OTCPK:ACOPF) 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.

The a2 Milk Co's Net-Net Working Capital Per Share for the quarter that ended in Jun. 2023 is

	Net-Net Working Capital Per Share (Q: Jun. 2023 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(492.168	+	0.75 * 35.418	+	0.5 * 118.675	-	283.566
-	0	-	2.258)	/	721.976
=	0.40

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

The a2 Milk Co's Days Inventory for the six months ended in Jun. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jun. 2023 )	/	Cost of Goods Sold (Q: Jun. 2023 )	*	Days in Period
	=	117.1455	/	271.084	*	365 / 2
	=	78.87

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

The a2 Milk Co's Inventory Turnover for the quarter that ended in Jun. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Jun. 2023 )	/	Average Total Inventories (Q: Jun. 2023 )
	=	271.084	/	117.1455
	=	2.31

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.

The a2 Milk Co's Inventory to Revenue for the quarter that ended in Jun. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jun. 2023 )	/	Revenue (Q: Jun. 2023 )
	=	117.1455	/	496.382
	=	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.

The a2 Milk Co Total Inventories Related Terms

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The a2 Milk Co (The a2 Milk Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » The a2 Milk Co Ltd (OTCPK:ACOPF) » Definitions » Total Inventories

Comparable Companies

Traded in Other Exchanges

ACOPY:USA ATM:New Zealand 14L:Germany A2M:Australia

Address

51 Shortland Street, P.O. Box 163, Level 10, Auckland, NTL, NZL, 1010

Website

https://www.thea2milkcompany.com

A2 Milk is a New Zealand licensor and marketer of fresh milk, infant formula, and other dairy products that lack the A1 beta-casein protein. The firm was founded in 2000 by Corran McLachlan, who developed a genetic test to determine which proteins a cow produces in its milk, and business partner Howard Paterson. The company has been through a tumultuous history of receivership, legal battles, and strategic shifts, but emerged in its current structure in 2006 and listed publicly in March 2013.

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