Matrix Composites & Engineering (ASX:MCE) Total Inventories : A$10.40 Mil (As of Dec. 2024)

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What is Matrix Composites & Engineering Total Inventories?

Matrix Composites & Engineering's total inventories for the quarter that ended in Dec. 2024 was A$10.40 Mil. Matrix Composites & Engineering's average total inventories from the quarter that ended in Jun. 2024 to the quarter that ended in Dec. 2024 was A$9.55 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Matrix Composites & Engineering's Net-Net Working Capital per share for the quarter that ended in Dec. 2024 was A$-0.07.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Matrix Composites & Engineering's Days Inventory for the six months ended in Dec. 2024 was 52.02.

Inventory Turnover measures how fast the company turns over its inventory within a year. Matrix Composites & Engineering's Inventory Turnover for the quarter that ended in Dec. 2024 was 3.51.

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. Matrix Composites & Engineering's Inventory-to-Revenue for the quarter that ended in Dec. 2024 was 0.24.

Matrix Composites & Engineering Total Inventories Historical Data

The historical data trend for Matrix Composites & Engineering'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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Matrix Composites & Engineering Total Inventories Chart

Matrix Composites & Engineering Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Total Inventories

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7.60

6.56

6.52

5.88

8.70

Matrix Composites & Engineering Semi-Annual Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Total Inventories	Get a 7-Day Free Trial															8.93	5.88	10.42	8.70	10.40

Matrix Composites & Engineering 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.

Matrix Composites & Engineering (ASX:MCE) 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.

Matrix Composites & Engineering's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2024 is

	Net-Net Working Capital Per Share (Q: Dec. 2024 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(15.679	+	0.75 * 24.344	+	0.5 * 10.396	-	54.129
-	0	-	0)	/	223.811
=	-0.07

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

Matrix Composites & Engineering's Days Inventory for the six months ended in Dec. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2024 )	/	Cost of Goods Sold (Q: Dec. 2024 )	*	Days in Period
	=	9.5485	/	33.5	*	365 / 2
	=	52.02

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

Matrix Composites & Engineering's Inventory Turnover for the quarter that ended in Dec. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Dec. 2024 )	/	Average Total Inventories (Q: Dec. 2024 )
	=	33.5	/	9.5485
	=	3.51

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.

Matrix Composites & Engineering's Inventory to Revenue for the quarter that ended in Dec. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2024 )	/	Revenue (Q: Dec. 2024 )
	=	9.5485	/	39.389
	=	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.

Matrix Composites & Engineering Total Inventories Related Terms

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Matrix Composites & Engineering Business Description

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Address

150 Quill Way, Henderson, Perth, WA, AUS, 6166

Website

https://www.matrixengineered.com

Matrix Composites & Engineering Ltd is a manufacturer of engineered products and services for the offshore oil and gas, civil and infrastructure, and defence industry. The group is also involved in the businesses of manufacturing and supplying capital drilling equipment, consisting of syntactic foam buoyancy; manufacturing and supply of subsea umbilical risers and flowline (SURF) ancillary equipment and associated services; and manufacturing and supply of well construction products, including centralizers and conductors. Its products consist of buoyancy systems, epoxy resin systems, energy absorption systems, reinforced thermoplastics, and others. Geographically, it derives maximum revenue from Brazil and rest from Australia, Japan, China, the United States of America, and other regions.

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