Aristocrat Leisure (ASX:ALL) Total Inventories : A$309 Mil (As of Sep. 2023)

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What is Aristocrat Leisure Total Inventories?

Aristocrat Leisure's total inventories for the quarter that ended in Sep. 2023 was A$309 Mil. Aristocrat Leisure's average total inventories from the quarter that ended in Mar. 2023 to the quarter that ended in Sep. 2023 was A$295 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Aristocrat Leisure's Net-Net Working Capital per share for the quarter that ended in Sep. 2023 was A$-0.27.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Aristocrat Leisure's Days Inventory for the six months ended in Sep. 2023 was 39.65.

Inventory Turnover measures how fast the company turns over its inventory within a year. Aristocrat Leisure's Inventory Turnover for the quarter that ended in Sep. 2023 was 4.60.

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. Aristocrat Leisure's Inventory-to-Revenue for the quarter that ended in Sep. 2023 was 0.09.

Aristocrat Leisure Total Inventories Historical Data

The historical data trend for Aristocrat Leisure'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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Aristocrat Leisure Total Inventories Chart

Aristocrat Leisure Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Total Inventories

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163.00

160.20

159.20

249.70

309.00

Aristocrat Leisure Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Total Inventories	Get a 7-Day Free Trial															159.20	196.70	249.70	281.40	309.00

Aristocrat Leisure 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.

Aristocrat Leisure (ASX:ALL) 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.

Aristocrat Leisure's Net-Net Working Capital Per Share for the quarter that ended in Sep. 2023 is

	Net-Net Working Capital Per Share (Q: Sep. 2023 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(3186.8	+	0.75 * 904.8	+	0.5 * 309	-	4196.2
-	0	-	0)	/	648.56
=	-0.27

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

Aristocrat Leisure's Days Inventory for the six months ended in Sep. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2023 )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
	=	295.2	/	1358.8	*	365 / 2
	=	39.65

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

Aristocrat Leisure's Inventory Turnover for the quarter that ended in Sep. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Sep. 2023 )	/	Average Total Inventories (Q: Sep. 2023 )
	=	1358.8	/	295.2
	=	4.60

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.

Aristocrat Leisure's Inventory to Revenue for the quarter that ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2023 )	/	Revenue (Q: Sep. 2023 )
	=	295.2	/	3215.3
	=	0.09

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.

Aristocrat Leisure Total Inventories Related Terms

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Aristocrat Leisure (ASX:ALL) Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Aristocrat Leisure Ltd (ASX:ALL) » Definitions » Total Inventories

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ARLUF:USA AC8:Germany

Address

85 Epping Road, Building A, Pinnacle Office Park, North Ryde, Sydney, NSW, AUS, 2113

Website

https://www.aristocrat.com

Aristocrat Leisure is an electronic gaming machine manufacturer, selling machines to pubs, clubs, and casinos. The firm is licensed in all Australian states and territories, North American jurisdictions, and essentially every major country. Aristocrat is one of the top three largest players in the space along with International Game Technology and Scientific Games. Through acquisitions of Plarium and more recently Big Fish, Aristocrat now derives a significant proportion of earnings from the faster growing mobile gaming business.