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DTCK (Davis Commodities) Total Inventories : $0.2 Mil (As of Jun. 2024)


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What is Davis Commodities Total Inventories?

Davis Commodities's total inventories for the quarter that ended in Jun. 2024 was $0.2 Mil. Davis Commodities's average total inventories from the quarter that ended in Dec. 2023 to the quarter that ended in Jun. 2024 was $0.3 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Davis Commodities's Net-Net Working Capital per share for the quarter that ended in Jun. 2024 was $-0.21.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Davis Commodities's Days Inventory for the six months ended in Jun. 2024 was 0.98.

Inventory Turnover measures how fast the company turns over its inventory within a year. Davis Commodities's Inventory Turnover for the quarter that ended in Jun. 2024 was 185.66.

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. Davis Commodities's Inventory-to-Revenue for the quarter that ended in Jun. 2024 was 0.01.

Davis Commodities Total Inventories Historical Data

The historical data trend for Davis Commodities'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.

* Premium members only.

Davis Commodities Total Inventories Chart

Davis Commodities Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Total Inventories
0.34 0.10 2.18 0.54

Davis Commodities Semi-Annual Data
Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
Total Inventories Get a 7-Day Free Trial 0.29 2.18 0.48 0.54 0.15

Davis Commodities 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.

Davis Commodities  (NAS:DTCK) 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.

Davis Commodities's Net-Net Working Capital Per Share for the quarter that ended in Jun. 2024 is

Net-Net Working Capital Per Share (Q: Jun. 2024 )
=(Cash And Cash Equivalents+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(1.363+0.75 * 14.095+0.5 * 0.152-17.116
-0-0)/24.501
=-0.21

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

Davis Commodities's Days Inventory for the six months ended in Jun. 2024 is calculated as:

Days Inventory=Average Total Inventories (Q: Jun. 2024 )/Cost of Goods Sold (Q: Jun. 2024 )*Days in Period
=0.3445/63.959*365 / 2
=0.98

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

Davis Commodities's Inventory Turnover for the quarter that ended in Jun. 2024 is calculated as

Inventory Turnover=Cost of Goods Sold (Q: Jun. 2024 ) / Average Total Inventories (Q: Jun. 2024 )
=63.959 / 0.3445
=185.66

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.

Davis Commodities's Inventory to Revenue for the quarter that ended in Jun. 2024 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Jun. 2024 ) / Revenue (Q: Jun. 2024 )
=0.3445 / 66.876
=0.01

* 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.

Davis Commodities Total Inventories Related Terms

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Davis Commodities Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Davis Commodities Ltd (NAS:DTCK) » Definitions » Total Inventories
Comparable Companies
SISI LOCL SDOT SANW PGFF EDBL GCEH AGRI AQB SHMP SZSE:002714 ADM TSN SZSE:300498 OSL:MOWI BG SFD OSL:SALM SZSE:000876 BKK:CPF
Traded in Other Exchanges
N/A
Address
10 Bukit Batok Crescent, No. 10-01, The Spire, Singapore, SGP, 658079
Website
https://www.daviscl.com
Davis Commodities Ltd is an agricultural commodity trading company based in Singapore which specializes in trading of three main categories of agricultural commodities namely sugar, rice, and oil and fat products. It distributes agricultural commodities to various markets, including Asia, Africa and the Middle East. The company also provides customers of commodity offerings with complementary, ancillary services such as warehouse handling and storage and logistics services. The Company operates across four main segments: the sale of sugar, rice, oil and fat products, and others. Among these, the sale of sugar stands out as the primary revenue generator, contributing significantly to the company's overall income.