The a2 Milk Co (ASX:A2M) Total Inventories: A$151 Mil (As of Dec. 2025)


ASX:A2M The a2 Milk Co Ltd ASX:A2M
83 GF Score
Price A$6.85
GF Value A$6.68
Valuation Fairly Valued
! 3 Warning Signs
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What is The a2 Milk Co Total Inventories?

The a2 Milk Co ASX:A2M +1.03% 83 Total Inventories is A$151 Mil as of Dec. 2025. GuruFocus rates ASX:A2M with a GF Score™ of 83/100 and a GF Value™ of A$6.68 (Fairly Valued). The stock has 3 warning signs investors should review.

The a2 Milk Co's total inventories for the quarter that ended in Dec. 2025 was A$151 Mil. The a2 Milk Co's average total inventories from the quarter that ended in Jun. 2025 to the quarter that ended in Dec. 2025 was A$140 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 Dec. 2025 was A$0.81.

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 Dec. 2025 was 57.86.

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 Dec. 2025 was 3.15.

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 Dec. 2025 was 0.16.


The a2 Milk Co  (ASX:A2M) 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 Dec. 2025 is

Net-Net Working Capital Per Share (Q: Dec. 2025 )
=(Cash And Cash Equivalents+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(781.135+0.75 * 175.059+0.5 * 151.022-400.205
-0-0)/725.426
=0.81

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 Dec. 2025 is calculated as:

Days Inventory=Average Total Inventories (Q: Dec. 2025 )/Cost of Goods Sold (Q: Dec. 2025 )*Days in Period
=139.988/441.533*365 / 2
=57.86

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 Dec. 2025 is calculated as

Inventory Turnover=Cost of Goods Sold (Q: Dec. 2025 ) / Average Total Inventories (Q: Dec. 2025 )
=441.533 / 139.988
=3.15

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 Dec. 2025 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Dec. 2025 ) / Revenue (Q: Dec. 2025 )
=139.988 / 864.467
=0.16

* 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.


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


The a2 Milk Co Total Inventories Historical Data

* Premium members only.

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.

The a2 Milk Co Total Inventories Chart

The a2 Milk Co Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Total Inventories
Get a 7-Day Free Trial Premium Member Only Premium Member Only 104.31 126.61 176.83 166.08 128.95

The a2 Milk Co Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Total Inventories Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 182.76 166.08 174.75 128.95 151.02
ASX:A2M
83GF Score
The a2 Milk Co Ltd ASX:A2M
Total Inventories is just one metric. See GF Score™, valuation, warning signs, and more.
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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.

Frequently Asked Questions Learn more about Total Inventories →
What does a Total Inventories of A$151 Mil mean?
The a2 Milk Co (ASX:A2M) has a Total Inventories of A$151 Mil as of Dec. 2025. The total amount of inventory as recorded on a company's balance sheet. View historical data for The a2 Milk Co and its competitors.
Is The a2 Milk Co's Total Inventories too high?
The a2 Milk Co's current Total Inventories is A$151 Mil. Overall, The a2 Milk Co has a GF Score™ of 83/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does The a2 Milk Co's Total Inventories compare to KHC and GIS?
The a2 Milk Co's Total Inventories of A$151 Mil can be compared against companies in the Consumer Packaged Goods industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Total Inventories for a Consumer Packaged Goods company?
A good Total Inventories depends on the Consumer Packaged Goods industry context. However, Total Inventories should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Total Inventories mean?
A high Total Inventories can signal that a stock is expensive relative to its fundamentals. The total amount of inventory as recorded on a company's balance sheet. View historical data for The a2 Milk Co and its competitors. The a2 Milk Co's current Total Inventories is A$151 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is The a2 Milk Co stock overvalued right now?
Based on GuruFocus' analysis, The a2 Milk Co (ASX:A2M) is currently considered Fairly Valued. The stock's GF Value™ is A$6.68, compared to a current price of A$6.85 — trading 2.5% above its estimated fair value. The current Total Inventories is A$151 Mil. The a2 Milk Co's overall GF Score™ is 83/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Total Inventories calculated?
Total Inventories is calculated from a company's financial statements. For The a2 Milk Co (ASX:A2M), the current Total Inventories is A$151 Mil as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is The a2 Milk Co (ASX:A2M) Overvalued in 2026?

Based on GuruFocus' analysis, The a2 Milk Co stock appears to be overvalued. The current stock price of A$6.85 is trading 2.5% above its estimated GF Value™ of A$6.68. GuruFocus considers The a2 Milk Co to be Fairly Valued.

Key valuation signals for ASX:A2M:

  • Total Inventories: A$151 Mil
  • GF Value™: A$6.68 vs. price of A$6.85 (2.5% above fair value)
  • GF Score™: 83/100 with 3 warning signs

No single metric tells the full story. See the ASX:A2M stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


The a2 Milk Co Business Description

Address 51 Shortland Street, Level 10, Auckland, NTL, NZL, 1010
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.
83GF Score

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Total Inventories is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

A$6.85
Price
A$6.68
GF Value