Redox (ASX:RDX) Total Inventories : A$315 Mil (As of Dec. 2024)

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What is Redox Total Inventories?

Redox's total inventories for the quarter that ended in Dec. 2024 was A$315 Mil. Redox's average total inventories from the quarter that ended in Jun. 2024 to the quarter that ended in Dec. 2024 was A$298 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Redox's Net-Net Working Capital per share for the quarter that ended in Dec. 2024 was A$0.33.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Redox's Days Inventory for the six months ended in Dec. 2024 was 109.65.

Inventory Turnover measures how fast the company turns over its inventory within a year. Redox's Inventory Turnover for the quarter that ended in Dec. 2024 was 1.66.

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. Redox's Inventory-to-Revenue for the quarter that ended in Dec. 2024 was 0.47.

Redox Total Inventories Historical Data

The historical data trend for Redox'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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Redox Total Inventories Chart

Redox Annual Data

Trend

Jun23

Jun24

Total Inventories

279.97

Redox Semi-Annual Data
	Dec21	Dec22	Jun23	Dec23	Jun24	Dec24
Total Inventories	Get a 7-Day Free Trial			338.20	-	265.26	279.97	315.16

Redox 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.

Redox (ASX:RDX) 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.

Redox'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)
=	(57.993	+	0.75 * 205.063	+	0.5 * 315.163	-	198.124
-	0	-	0)	/	525.081
=	0.33

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

Redox'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
	=	297.567	/	495.288	*	365 / 2
	=	109.65

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

Redox'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 )
	=	495.288	/	297.567
	=	1.66

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.

Redox'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 )
	=	297.567	/	631.847
	=	0.47

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.

Redox Total Inventories Related Terms

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Redox Business Description

Industry

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Traded in Other Exchanges

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Address

2 Swettenham Road, Minto, Sydney, NSW, AUS, 2566

Website

https://www.redox.com

Redox is a distributor of chemicals for a diverse range of industries within Australia and New Zealand, North America, and Southeast Asia. It is the largest player in the Australian market, with approximately 5% market share in a very fragmented market. In Southeast Asia and the US it is a smaller player, but with growth ambitions. Redox sources over 5,000 stock keeping units from over 1,000 domestic and global chemical producers. Its customers are from a diverse range of almost 200 industry sub-sectors. About half of annual sales are in the categories of human and animal health and nutrition, and crop production and protection. Other categories include industrial, surface coatings, plastics, rubber and foam, household and personal care, water care, and mining and explosives.

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