Sun International (JSE:SUI) Total Inventories : R104 Mil (As of Jun. 2024)

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What is Sun International Total Inventories?

Sun International's total inventories for the quarter that ended in Jun. 2024 was R104 Mil. Sun International's average total inventories from the quarter that ended in Dec. 2023 to the quarter that ended in Jun. 2024 was R120 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Sun International's Net-Net Working Capital per share for the quarter that ended in Jun. 2024 was R-41.37.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Sun International's Days Inventory for the six months ended in Jun. 2024 was 7.30.

Inventory Turnover measures how fast the company turns over its inventory within a year. Sun International's Inventory Turnover for the quarter that ended in Jun. 2024 was 25.01.

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. Sun International's Inventory-to-Revenue for the quarter that ended in Jun. 2024 was 0.02.

Sun International Total Inventories Historical Data

The historical data trend for Sun International'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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Sun International Total Inventories Chart

Sun International Annual Data

Trend

Jun14

Jun15

Jun16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Inventories

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166.00

100.00

88.00

118.00

135.00

Sun International Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Total Inventories	Get a 7-Day Free Trial															100.00	118.00	128.00	135.00	104.00

Sun International 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.

Sun International (JSE:SUI) 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.

Sun International'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)
=	(356	+	0.75 * 1082	+	0.5 * 104	-	11497
-	0	-	-142)	/	244.975
=	-41.37

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

Sun International'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
	=	119.5	/	2989	*	365 / 2
	=	7.30

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

Sun International'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 )
	=	2989	/	119.5
	=	25.01

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.

Sun International'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 )
	=	119.5	/	5998
	=	0.02

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.

Sun International Total Inventories Related Terms

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Sun International Business Description

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RY1B:Germany

Address

6 Sandown Valley Crescent, Sandton, PO Box 782121, Gauteng, Johannesburg, ZAF, 2196

Website

https://www.suninternational.com

Sun International Ltd is a resorts and casinos company. It owns and operates casinos, hotels, and resort properties in South Africa and Nigeria. Its Urban casinos include GrandWest, Sun City, Sibaya, Carnival City, Boardwalk, Wild Coast, Monticello, Meropa, Flamingo, and Golden Valley; and Resorts and hotels include Sun City, Wild Coast Sun, The Table Bay Hotel, and The Maslow Sandton.