Avanti Feeds (NSE:AVANTIFEED) Total Inventories : ₹0 Mil (As of Dec. 2023)

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What is Avanti Feeds Total Inventories?

Avanti Feeds's total inventories for the quarter that ended in Dec. 2023 was ₹0 Mil. Avanti Feeds's average total inventories from the quarter that ended in Sep. 2023 to the quarter that ended in Dec. 2023 was ₹3,707 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Avanti Feeds's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was ₹N/A.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Avanti Feeds's Days Inventory for the three months ended in Dec. 2023 was 33.58.

Inventory Turnover measures how fast the company turns over its inventory within a year. Avanti Feeds's Inventory Turnover for the quarter that ended in Dec. 2023 was 2.72.

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. Avanti Feeds's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.30.

Avanti Feeds Total Inventories Historical Data

The historical data trend for Avanti Feeds'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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Avanti Feeds Total Inventories Chart

Avanti Feeds Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Total Inventories

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3,790.62

5,435.07

5,551.27

9,893.10

8,052.64

Avanti Feeds Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Total Inventories	Get a 7-Day Free Trial															-	8,052.64	-	7,413.86	-

Avanti Feeds 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.

Avanti Feeds (NSE:AVANTIFEED) 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.

Avanti Feeds'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)
=	(0	+	0.75 * 0	+	0.5 * 0	-	N/A
-	0	-	0)	/	136.246
=	N/A

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

Avanti Feeds's Days Inventory for the three 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
	=	3706.9275	/	10074.134	*	365 / 4
	=	33.58

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

Avanti Feeds'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 )
	=	10074.134	/	3706.9275
	=	2.72

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.

Avanti Feeds'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 )
	=	3706.9275	/	12532.344
	=	0.30

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.

Avanti Feeds Total Inventories Related Terms

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Avanti Feeds (NSE:AVANTIFEED) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Avanti Feeds Ltd (NSE:AVANTIFEED) » Definitions » Total Inventories

Traded in Other Exchanges

512573:India

Address

G-2, Concorde Apartments, 6-3-658, Somajiguda, Hyderabad, TG, IND, 500082

Website

https://www.avantifeeds.com

Avanti Feeds Ltd is an Indian company which is engaged in the manufacturing of prawn and fish feeds and shrimp processor. The company's operating segments include Shrimp Feed, Shrimp Hatchery and Wind Mills. It generates maximum revenue from the Shrimp Feed segment. Geographically, it derives a majority of its revenue from India and also has a presence in the USA and the Rest of the world. Its product includes prawn feed, scampi feed, and fish feed.

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