Tekmar Group (LSE:TGP) Total Inventories : £3.20 Mil (As of Mar. 2024)

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What is Tekmar Group Total Inventories?

Tekmar Group's total inventories for the quarter that ended in Mar. 2024 was £3.20 Mil. Tekmar Group's average total inventories from the quarter that ended in Sep. 2023 to the quarter that ended in Mar. 2024 was £2.66 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Tekmar Group's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was £-0.04.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Tekmar Group's Days Inventory for the six months ended in Mar. 2024 was 44.95.

Inventory Turnover measures how fast the company turns over its inventory within a year. Tekmar Group's Inventory Turnover for the quarter that ended in Mar. 2024 was 4.06.

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. Tekmar Group's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.16.

Tekmar Group Total Inventories Historical Data

The historical data trend for Tekmar Group'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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Tekmar Group Total Inventories Chart

Tekmar Group Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Sep22

Sep23

Total Inventories

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1.84

1.91

2.54

4.62

2.13

Tekmar Group Semi-Annual Data
	Mar16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar22	Sep22	Mar23	Sep23	Mar24
Total Inventories	Get a 7-Day Free Trial									3.12	4.62	5.57	2.13	3.20

Tekmar Group 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.

Tekmar Group (LSE:TGP) 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.

Tekmar Group's Net-Net Working Capital Per Share for the quarter that ended in Mar. 2024 is

	Net-Net Working Capital Per Share (Q: Mar. 2024 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(2.662	+	0.75 * 9.998	+	0.5 * 3.202	-	17.7
-	0	-	0)	/	137.27
=	-0.04

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

Tekmar Group's Days Inventory for the six months ended in Mar. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2024 )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
	=	2.6645	/	10.819	*	365 / 2
	=	44.95

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

Tekmar Group's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Mar. 2024 )	/	Average Total Inventories (Q: Mar. 2024 )
	=	10.819	/	2.6645
	=	4.06

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.

Tekmar Group's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	2.6645	/	16.211
	=	0.16

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.

Tekmar Group Total Inventories Related Terms

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Tekmar Group Business Description

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Address

Centurion Way, Innovation House, Darlington, GBR, DL3 0UP

Website

https://www.tekmargroup.com

Tekmar Group PLC is engaged in the designing, manufacturing, and supply of subsea cables, umbilical, and flexible protection systems. Its sector includes Offshore Wind, Oil & Gas, Interconnectors, Wave & Tidal, Marine Civils, and Telecoms. Geographically it has a presence in the UK and Ireland, China, the USA and Canada, the Middle East, and the Rest of the World, and the majority of the revenue comes from Europe.