Abundante (SGX:570) Total Inventories : S$0.47 Mil (As of Aug. 2024)

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What is Abundante Total Inventories?

Abundante's total inventories for the quarter that ended in Aug. 2024 was S$0.47 Mil. Abundante's average total inventories from the quarter that ended in Feb. 2024 to the quarter that ended in Aug. 2024 was S$0.49 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Abundante's Net-Net Working Capital per share for the quarter that ended in Aug. 2024 was S$0.12.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Abundante's Days Inventory for the six months ended in Aug. 2024 was 29.23.

Inventory Turnover measures how fast the company turns over its inventory within a year. Abundante's Inventory Turnover for the quarter that ended in Aug. 2024 was 6.24.

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. Abundante's Inventory-to-Revenue for the quarter that ended in Aug. 2024 was 0.14.

Abundante Total Inventories Historical Data

The historical data trend for Abundante'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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Abundante Total Inventories Chart

Abundante Annual Data

Trend

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Feb24

Total Inventories

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0.63

0.64

0.63

0.42

0.51

Abundante Semi-Annual Data
	Feb15	Aug15	Feb16	Aug16	Feb17	Aug17	Feb18	Aug18	Feb19	Aug19	Feb20	Aug20	Feb21	Aug21	Feb22	Aug22	Feb23	Aug23	Feb24	Aug24
Total Inventories	Get a 7-Day Free Trial															0.60	0.42	0.50	0.51	0.47

Abundante 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.

Abundante (SGX:570) 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.

Abundante's Net-Net Working Capital Per Share for the quarter that ended in Aug. 2024 is

	Net-Net Working Capital Per Share (Q: Aug. 2024 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(11.187	+	0.75 * 2.569	+	0.5 * 0.472	-	0.927
-	0	-	0)	/	104.291
=	0.12

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

Abundante's Days Inventory for the six months ended in Aug. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Aug. 2024 )	/	Cost of Goods Sold (Q: Aug. 2024 )	*	Days in Period
	=	0.4905	/	3.063	*	365 / 2
	=	29.23

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

Abundante's Inventory Turnover for the quarter that ended in Aug. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Aug. 2024 )	/	Average Total Inventories (Q: Aug. 2024 )
	=	3.063	/	0.4905
	=	6.24

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.

Abundante's Inventory to Revenue for the quarter that ended in Aug. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Aug. 2024 )	/	Revenue (Q: Aug. 2024 )
	=	0.4905	/	3.46
	=	0.14

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.

Abundante Total Inventories Related Terms

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Abundante Business Description

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Address

160 Paya Lebar Road, No. 07-09 Orion, Singapore, SGP, 409022

Website

https://www.tmcltd.com.sg

Abundante Ltd formerly Transit-Mixed Concrete Ltd is an investment holding company supplying ready-mixed concrete and the manufacture and sale of ready-mixed concrete. It operates through two business segments, The Concrete Pumping Services segment is involved in the rental of concrete pumping services, and the Waste Management segment is engaged in the provision of waste management services including sewer pipeline inspection with a video camera. It derives income through its concrete pumping services which account for its revenues through its operations in Singapore.

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