Express Kenya (NAI:XPRS) Total Inventories : KES28.75 Mil (As of Dec. 2023)

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What is Express Kenya Total Inventories?

Express Kenya's total inventories for the quarter that ended in Dec. 2023 was KES28.75 Mil. Express Kenya's average total inventories from the quarter that ended in Dec. 2022 to the quarter that ended in Dec. 2023 was KES28.75 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Express Kenya's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was KES-17.40.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Express Kenya's Days Inventory for the six months ended in Dec. 2023 was 57.60.

Inventory Turnover measures how fast the company turns over its inventory within a year. Express Kenya's Inventory Turnover for the quarter that ended in Dec. 2023 was 3.17.

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. Express Kenya's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 1.05.

Express Kenya Total Inventories Historical Data

The historical data trend for Express Kenya'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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Express Kenya Total Inventories Chart

Express Kenya Annual Data

Trend

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Dec23

Total Inventories

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28.75

Express Kenya Semi-Annual Data
	Dec11	Dec12	Dec13	Dec14	Dec15	Dec16	Dec17	Dec18	Dec19	Dec20	Dec21	Dec22	Dec23
Total Inventories	Get a 7-Day Free Trial								28.75	28.75	28.75	28.75	28.75

Express Kenya 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.

Express Kenya (NAI:XPRS) 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.

Express Kenya'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)
=	(1.216	+	0.75 * 5.342	+	0.5 * 28.752	-	849.548
-	0	-	0)	/	47.7115
=	-17.40

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

Express Kenya'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
	=	28.752	/	91.104	*	365 / 2
	=	57.60

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

Express Kenya'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 )
	=	91.104	/	28.752
	=	3.17

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.

Express Kenya'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 )
	=	28.752	/	27.494
	=	1.05

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.

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Express Kenya Business Description

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Address

Road A, Off Enterprise Road, Industrial Area, P.O. Box 40433, Express House, Nairobi, KEN, 00100

Website

https://www.expresskenya.co.ke

Express Kenya PLC engages in the provision of clearing and forwarding services for both air and sea, as well as warehousing and logistics services. It operates through the following segments: Warehousing, and Real Estate. The Warehousing segment which accounts for the majority of revenue comprises the storage of customers' goods in the warehousing facility. The Real Estate segment consists of the development of properties. Geographically, the company operates only in Kenya.

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