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Heriot REIT (JSE:HET) Total Inventories : R15.5 Mil (As of Dec. 2023)


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What is Heriot REIT Total Inventories?

Heriot REIT's total inventories for the quarter that ended in Dec. 2023 was R15.5 Mil. Heriot REIT's average total inventories from the quarter that ended in Jun. 2023 to the quarter that ended in Dec. 2023 was R22.7 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Heriot REIT's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was R-21.44.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Heriot REIT's Days Inventory for the six months ended in Dec. 2023 was 20.19.

Inventory Turnover measures how fast the company turns over its inventory within a year. Heriot REIT's Inventory Turnover for the quarter that ended in Dec. 2023 was 9.04.

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. Heriot REIT's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.04.


Heriot REIT Total Inventories Historical Data

The historical data trend for Heriot REIT'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.

Heriot REIT Total Inventories Chart

Heriot REIT Annual Data
Trend Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Total Inventories
Get a 7-Day Free Trial - - - - 29.87

Heriot REIT Semi-Annual Data
Nov17 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Total Inventories Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only - - - 29.87 15.48

Heriot REIT 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.


Heriot REIT  (JSE:HET) 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.

Heriot REIT'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)
=(46.558+0.75 * 67.959+0.5 * 15.476-4235.631
-0-1346.577)/255.396
=-21.44

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

Heriot REIT'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
=22.6725/204.905*365 / 2
=20.19

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

Heriot REIT'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 )
=204.905 / 22.6725
=9.04

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.

Heriot REIT'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 )
=22.6725 / 596.619
=0.04

* 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.


Heriot REIT Total Inventories Related Terms

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Heriot REIT (JSE:HET) Business Description

Traded in Other Exchanges
N/A
Address
3 Melrose Boulevard, Suite 1, Ground Floor, Melrose Arch, Johannesburg, GT, ZAF, 2196
Heriot REIT Ltd is a South African real estate investment trust. The company owns a portfolio of retail, industrial, office, specialized, residential properties, and others. While the majority of the revenue is earned from Industrial properties. The primary objective of the company is to develop or acquire yield-enhancing assets within Southern Africa to create a stable and diverse portfolio for the purposes of generating capital growth and securing escalating net rental income streams.

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