Proxene Tools Co (ROCO:6904) Total Inventories : NT$226.2 Mil (As of Mar. 2024)

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What is Proxene Tools Co Total Inventories?

Proxene Tools Co's total inventories for the quarter that ended in Mar. 2024 was NT$226.2 Mil. Proxene Tools Co's average total inventories from the quarter that ended in Dec. 2023 to the quarter that ended in Mar. 2024 was NT$226.9 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Proxene Tools Co's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was NT$2.05.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Proxene Tools Co's Days Inventory for the three months ended in Mar. 2024 was 140.34.

Inventory Turnover measures how fast the company turns over its inventory within a year. Proxene Tools Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.65.

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. Proxene Tools Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 1.01.

Proxene Tools Co Total Inventories Historical Data

The historical data trend for Proxene Tools Co'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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Proxene Tools Co Total Inventories Chart

Proxene Tools Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Total Inventories

138.73

170.36

228.29

224.33

227.62

Proxene Tools Co Quarterly Data
	Dec19	Dec20	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Total Inventories	Get a 7-Day Free Trial								228.88	230.25	238.70	227.62	226.16

Proxene Tools Co 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.

Proxene Tools Co (ROCO:6904) 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.

Proxene Tools Co's Net-Net Working Capital Per Share for the quarter that ended in Mar. 2024 is

	Net-Net Working Capital Per Share (Q: Mar. 2024 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(384.895	+	0.75 * 109.06	+	0.5 * 226.161	-	541.85
-	0	-	0)	/	18.5
=	2.05

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

Proxene Tools Co's Days Inventory for the three months ended in Mar. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2024 )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
	=	226.8925	/	147.523	*	365 / 4
	=	140.34

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

Proxene Tools Co's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Mar. 2024 )	/	Average Total Inventories (Q: Mar. 2024 )
	=	147.523	/	226.8925
	=	0.65

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.

Proxene Tools Co's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	226.8925	/	225.021
	=	1.01

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.

Proxene Tools Co Total Inventories Related Terms

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Proxene Tools Co (ROCO:6904) Business Description

Industry

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Address

No. 35, Alley 28, Lane 360, Zhongshan Road, Shengang District, Taichung City, TWN, 42947

Website

https://www.proxene.com.tw

Proxene Tools Co Ltd engages in the manufacturing and exporting of adjustable angle wrenches in Taiwan. It offers industrial hand tools manufacturing adjustable wrench hand tools, wrenches, Industrial Video Borescope, Diagnostic equipment, and Car care products.

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