HOAC Foods India (NSE:HOACFOODS) Total Inventories : ₹22.0 Mil (As of Mar. 2023)

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What is HOAC Foods India Total Inventories?

HOAC Foods India's total inventories for the quarter that ended in Mar. 2023 was ₹22.0 Mil. HOAC Foods India's average total inventories from the quarter that ended in Mar. 2022 to the quarter that ended in Mar. 2023 was ₹17.7 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. HOAC Foods India's Net-Net Working Capital per share for the quarter that ended in Mar. 2023 was ₹-2.87.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. HOAC Foods India's Days Inventory for the six months ended in Mar. 2023 was 38.81.

Inventory Turnover measures how fast the company turns over its inventory within a year. HOAC Foods India's Inventory Turnover for the quarter that ended in Mar. 2023 was 4.70.

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. HOAC Foods India's Inventory-to-Revenue for the quarter that ended in Mar. 2023 was 0.15.

HOAC Foods India Total Inventories Historical Data

The historical data trend for HOAC Foods 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.

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HOAC Foods India Total Inventories Chart

HOAC Foods India Annual Data

Trend

Mar21

Mar22

Mar23

Total Inventories

9.27

13.37

21.97

HOAC Foods India Semi-Annual Data
	Mar21	Mar22	Mar23
Total Inventories	9.27	13.37	21.97

HOAC Foods 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.

HOAC Foods India (NSE:HOACFOODS) 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.

HOAC Foods 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)
=	(3.333	+	0.75 * 10.793	+	0.5 * 21.973	-	33.457
-	0	-	0)	/	3.843
=	-2.87

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

HOAC Foods 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
	=	17.6715	/	83.088	*	365 / 2
	=	38.81

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

HOAC Foods 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 )
	=	83.088	/	17.6715
	=	4.70

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.

HOAC Foods 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 )
	=	17.6715	/	120.856
	=	0.15

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.

HOAC Foods India Total Inventories Related Terms

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HOAC Foods India Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » HOAC Foods India Ltd (NSE:HOACFOODS) » Definitions » Total Inventories

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Address

D-498, 1st Floor Palam Extension, Sector-7 Dwarka, Raj Nagar - II, South West Delhi, New Delhi, IND, 110077

Website

https://www.hoacfoodsindia.com

HOAC Foods India Ltd is engaged in the manufacturing of flour (chakki atta), herbs & spices, unpolished pulses, grains, and yellow mustard oil. Its product portfolio is comprised of 4 categories which include products such as Spices & Herbs, Oil, Wheat Flour (Chakki Atta) & Healthy Flour, Pulses, Rice & Grain, and other food products with 153 product SKUs. The company sells its product under the brand name "HARIOM," and most of the sales are derived from the Delhi-NCR region. The franchise network comprises 4 company-owned outlets and 6 franchise-owned outlets.

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