Anacle Systems (HKSE:08353) Total Inventories : HK$4.1 Mil (As of Nov. 2023)

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What is Anacle Systems Total Inventories?

Anacle Systems's total inventories for the quarter that ended in Nov. 2023 was HK$4.1 Mil. Anacle Systems's average total inventories from the quarter that ended in Aug. 2023 to the quarter that ended in Nov. 2023 was HK$2.0 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Anacle Systems's Net-Net Working Capital per share for the quarter that ended in Nov. 2023 was HK$0.09.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Anacle Systems's Days Inventory for the three months ended in Nov. 2023 was 11.25.

Inventory Turnover measures how fast the company turns over its inventory within a year. Anacle Systems's Inventory Turnover for the quarter that ended in Nov. 2023 was 8.11.

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. Anacle Systems's Inventory-to-Revenue for the quarter that ended in Nov. 2023 was 0.06.

Anacle Systems Total Inventories Historical Data

The historical data trend for Anacle Systems'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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Anacle Systems Total Inventories Chart

Anacle Systems Annual Data

Trend

May15

May16

May17

May18

May19

May20

May21

May22

May23

Total Inventories

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7.81

6.12

4.88

4.65

4.32

Anacle Systems Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Total Inventories	Get a 7-Day Free Trial															-	4.32	-	4.10	-

Anacle Systems 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.

Anacle Systems (HKSE:08353) 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.

Anacle Systems's Net-Net Working Capital Per Share for the quarter that ended in Nov. 2023 is

	Net-Net Working Capital Per Share (Q: Nov. 2023 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(54.396	+	0.75 * 17.354	+	0.5 * 4.096	-	33.433
-	0	-	-0.319)	/	405.28
=	0.09

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

Anacle Systems's Days Inventory for the three months ended in Nov. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Nov. 2023 )	/	Cost of Goods Sold (Q: Nov. 2023 )	*	Days in Period
	=	2.048	/	16.612	*	365 / 4
	=	11.25

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

Anacle Systems's Inventory Turnover for the quarter that ended in Nov. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Nov. 2023 )	/	Average Total Inventories (Q: Nov. 2023 )
	=	16.612	/	2.048
	=	8.11

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.

Anacle Systems's Inventory to Revenue for the quarter that ended in Nov. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Nov. 2023 )	/	Revenue (Q: Nov. 2023 )
	=	2.048	/	33.23
	=	0.06

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.

Anacle Systems Total Inventories Related Terms

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Anacle Systems (HKSE:08353) Business Description

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Address

3 Fusionopolis Way, No. 14-21 Symbiosis, Singapore, SGP, 138633

Website

https://www.anacle.com

Anacle Systems Ltd is a Singapore-based company engaged in software development. It has three operating segments. Simplicity and MyBill segment, which is the key revenue driver, provides specific solutions for enterprise asset management, shared resources management, tenancy management, financial management, supply chain management, customer relationship management and billing management; Starlight segment provides all-time access to the energy profiles of buildings, including information such as energy consumption, power quality, energy analytics, and carbon footprint profiles; and SpaceMonster segment provides an online venue booking platform. Its geographical segments include Singapore, Malaysia, Thailand, China and others, of which the majority of the revenue comes from Singapore.

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