Apex Ace Holding (HKSE:06036) Total Inventories : HK$228 Mil (As of Dec. 2023)

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What is Apex Ace Holding Total Inventories?

Apex Ace Holding's total inventories for the quarter that ended in Dec. 2023 was HK$228 Mil. Apex Ace Holding's average total inventories from the quarter that ended in Jun. 2023 to the quarter that ended in Dec. 2023 was HK$204 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Apex Ace Holding's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was HK$-0.23.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Apex Ace Holding's Days Inventory for the six months ended in Dec. 2023 was 25.00.

Inventory Turnover measures how fast the company turns over its inventory within a year. Apex Ace Holding's Inventory Turnover for the quarter that ended in Dec. 2023 was 7.30.

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. Apex Ace Holding's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.13.

Apex Ace Holding Total Inventories Historical Data

The historical data trend for Apex Ace Holding'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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Apex Ace Holding Total Inventories Chart

Apex Ace Holding Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Inventories

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88.02

229.27

251.87

174.97

227.67

Apex Ace Holding Semi-Annual Data
	Dec14	Dec15	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Total Inventories	Get a 7-Day Free Trial												251.87	273.76	174.97	179.66	227.67

Apex Ace Holding 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.

Apex Ace Holding (HKSE:06036) 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.

Apex Ace Holding's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2023 is

	Net-Net Working Capital Per Share (Q: Dec. 2023 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(86.165	+	0.75 * 818.065	+	0.5 * 227.665	-	1026.207
-	0	-	37.463)	/	1075.11
=	-0.23

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

Apex Ace Holding's Days Inventory for the six months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	203.6625	/	1486.834	*	365 / 2
	=	25.00

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

Apex Ace Holding's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Dec. 2023 )	/	Average Total Inventories (Q: Dec. 2023 )
	=	1486.834	/	203.6625
	=	7.30

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.

Apex Ace Holding's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	203.6625	/	1600.19
	=	0.13

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.

Apex Ace Holding Total Inventories Related Terms

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Apex Ace Holding (HKSE:06036) Business Description

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Address

6011 Shennan Avenue, 26K, NEO Tower A, Futian District, Shenzhen, CHN

Website

https://www.apexace.com

Apex Ace Holding Ltd is a distributor of semiconductors and other electronic components and is engaged in the supply of digital storage products and general electronic components along with the provision of complementary technical support. It focuses on identifying, sourcing, selling and distributing electronic components produced by upstream manufacturers to downstream manufacturers in the PRC and Hong Kong. Its Digital Storage products include DRAM, FLASH and MCP memory products, which are applied to multimedia and mobile devices such as set-top boxes, smart TVs, wearable devices, mobile phones. Its General components include switches, connectors, passive components, main chips, sensors, power semiconductors and analog-to-digital converters.

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