Micro Base Technology (ROCO:3184) Total Inventories : NT$30.3 Mil (As of Dec. 2023)

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What is Micro Base Technology Total Inventories?

Micro Base Technology's total inventories for the quarter that ended in Dec. 2023 was NT$30.3 Mil. Micro Base Technology's average total inventories from the quarter that ended in Jun. 2023 to the quarter that ended in Dec. 2023 was NT$29.3 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Micro Base Technology's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was NT$1.42.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Micro Base Technology's Days Inventory for the six months ended in Dec. 2023 was 106.32.

Inventory Turnover measures how fast the company turns over its inventory within a year. Micro Base Technology's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.72.

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. Micro Base Technology's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.28.

Micro Base Technology Total Inventories Historical Data

The historical data trend for Micro Base Technology'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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Micro Base Technology Total Inventories Chart

Micro Base Technology Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Inventories

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78.88

63.61

48.30

32.65

30.28

Micro Base Technology Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Total Inventories	Get a 7-Day Free Trial															48.30	41.60	32.65	28.34	30.28

Micro Base Technology 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.

Micro Base Technology (ROCO:3184) 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.

Micro Base Technology'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)
=	(152.529	+	0.75 * 15.723	+	0.5 * 30.284	-	65.237
-	0	-	0)	/	80.275
=	1.42

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

Micro Base Technology'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
	=	29.3135	/	50.315	*	365 / 2
	=	106.32

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

Micro Base Technology'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 )
	=	50.315	/	29.3135
	=	1.72

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.

Micro Base Technology'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 )
	=	29.3135	/	103.704
	=	0.28

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.

Micro Base Technology Total Inventories Related Terms

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Micro Base Technology (ROCO:3184) Business Description

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Address

No.756, Qiajuan Road, Bade District, Taoyuan, TWN, 33464

Website

https://www.microbasetech.com

Micro Base Technology Corp is engaged in the development of Laser LIGA, a non-silicon-based micromachining technology. It is involved in the research and development, manufacturing, and sale of miniaturized devices, and micron-scale parts and systems in Taiwan. The company offers its products under three categories namely electronic, beauty, and medical devices. It also engaged in designing and consulting business.

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