Advance International Co for Communication and Information Technology (SAU:9524) Total Inventories : ﷼18.17 Mil (As of Jun. 2024)

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What is Advance International Co for Communication and Information Technology Total Inventories?

Advance International Co for Communication and Information Technology's total inventories for the quarter that ended in Jun. 2024 was ﷼18.17 Mil. Advance International Co for Communication and Information Technology's average total inventories from the quarter that ended in Dec. 2023 to the quarter that ended in Jun. 2024 was ﷼18.13 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Advance International Co for Communication and Information Technology's Net-Net Working Capital per share for the quarter that ended in Jun. 2024 was ﷼0.04.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Advance International Co for Communication and Information Technology's Days Inventory for the six months ended in Jun. 2024 was 266.18.

Inventory Turnover measures how fast the company turns over its inventory within a year. Advance International Co for Communication and Information Technology's Inventory Turnover for the quarter that ended in Jun. 2024 was 0.69.

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. Advance International Co for Communication and Information Technology's Inventory-to-Revenue for the quarter that ended in Jun. 2024 was 0.71.

Advance International Co for Communication and Information Technology Total Inventories Historical Data

The historical data trend for Advance International Co for Communication and Information 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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Advance International Co for Communication and Information Technology Total Inventories Chart

Advance International Co for Communication and Information Technology Annual Data

Trend

Dec21

Dec22

Dec23

Total Inventories

13.06

23.09

18.08

Advance International Co for Communication and Information Technology Semi-Annual Data
	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Total Inventories	Get a 7-Day Free Trial			1,204.28	23.09	19.00	18.08	18.17

Advance International Co for Communication and Information 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.

Advance International Co for Communication and Information Technology (SAU:9524) 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.

Advance International Co for Communication and Information Technology's Net-Net Working Capital Per Share for the quarter that ended in Jun. 2024 is

	Net-Net Working Capital Per Share (Q: Jun. 2024 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(3.146	+	0.75 * 24.164	+	0.5 * 18.172	-	27.732
-	0	-	0)	/	64.000
=	0.04

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

Advance International Co for Communication and Information Technology's Days Inventory for the six months ended in Jun. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jun. 2024 )	/	Cost of Goods Sold (Q: Jun. 2024 )	*	Days in Period
	=	18.125	/	12.427	*	365 / 2
	=	266.18

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

Advance International Co for Communication and Information Technology's Inventory Turnover for the quarter that ended in Jun. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Jun. 2024 )	/	Average Total Inventories (Q: Jun. 2024 )
	=	12.427	/	18.125
	=	0.69

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.

Advance International Co for Communication and Information Technology's Inventory to Revenue for the quarter that ended in Jun. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jun. 2024 )	/	Revenue (Q: Jun. 2024 )
	=	18.125	/	25.57
	=	0.71

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.

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Advance International Co for Communication and Information Technology Business Description

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Address

King Fahd Road, Olaya District 7792, PO Box 54823, In Fornt Of Al Faislia, Riyadh, SAU, 12313

Website

https://www.aictec.com

Advance International Co for Communication and Information Technology is engaged in the import, sale, installation, operation, and maintenance of security surveillance cameras, bag and parcel inspection devices, security fences, biometric magnetic card entry, and exit gates, communications technology, networks, and computer software.

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