Australian Premium Solar (India) (NSE:APS) Total Inventories : ₹47.1 Mil (As of Mar. 2023)

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What is Australian Premium Solar (India) Total Inventories?

Australian Premium Solar (India)'s total inventories for the quarter that ended in Mar. 2023 was ₹47.1 Mil. Australian Premium Solar (India)'s average total inventories from the quarter that ended in Mar. 2022 to the quarter that ended in Mar. 2023 was ₹55.9 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Australian Premium Solar (India)'s Net-Net Working Capital per share for the quarter that ended in Mar. 2023 was ₹-6.53.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Australian Premium Solar (India)'s Days Inventory for the six months ended in Mar. 2023 was 12.93.

Inventory Turnover measures how fast the company turns over its inventory within a year. Australian Premium Solar (India)'s Inventory Turnover for the quarter that ended in Mar. 2023 was 14.12.

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. Australian Premium Solar (India)'s Inventory-to-Revenue for the quarter that ended in Mar. 2023 was 0.06.

Australian Premium Solar (India) Total Inventories Historical Data

The historical data trend for Australian Premium Solar (India)'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.

Australian Premium Solar (India) Total Inventories Chart

Australian Premium Solar (India) Annual Data

Trend

Mar21

Mar22

Mar23

Total Inventories

82.40

64.78

47.09

Australian Premium Solar (India) Semi-Annual Data
	Mar21	Mar22	Mar23
Total Inventories	82.40	64.78	47.09

Australian Premium Solar (India) 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.

Australian Premium Solar (India) (NSE:APS) 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.

Australian Premium Solar (India)'s Net-Net Working Capital Per Share for the quarter that ended in Mar. 2023 is

	Net-Net Working Capital Per Share (Q: Mar. 2023 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(21.893	+	0.75 * 97.181	+	0.5 * 47.086	-	247.228
-	0	-	0)	/	19.740
=	-6.53

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

Australian Premium Solar (India)'s Days Inventory for the six months ended in Mar. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2023 )	/	Cost of Goods Sold (Q: Mar. 2023 )	*	Days in Period
	=	55.935	/	789.763	*	365 / 2
	=	12.93

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

Australian Premium Solar (India)'s Inventory Turnover for the quarter that ended in Mar. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Mar. 2023 )	/	Average Total Inventories (Q: Mar. 2023 )
	=	789.763	/	55.935
	=	14.12

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.

Australian Premium Solar (India)'s Inventory to Revenue for the quarter that ended in Mar. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2023 )	/	Revenue (Q: Mar. 2023 )
	=	55.935	/	945.592
	=	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.

Australian Premium Solar (India) Total Inventories Related Terms

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Australian Premium Solar (India) (NSE:APS) Business Description

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Australian Premium Solar (India) Ltd is engaged in the manufacturing of Solar Panels and EPC Services of solar systems. It manufactures two types of solar panels: (i) Monocrystalline Solar Panel; and (ii) Polycrystalline Solar Panel. It also provide installation services for solar panels and solar pumps. Majority of the revenue is generated from manufacturing of solar panels.

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