Minami Acoustics (SZSE:301383) Total Inventories : ¥292 Mil (As of Sep. 2024)

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What is Minami Acoustics Total Inventories?

Minami Acoustics's total inventories for the quarter that ended in Sep. 2024 was ¥292 Mil. Minami Acoustics's average total inventories from the quarter that ended in Jun. 2024 to the quarter that ended in Sep. 2024 was ¥283 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Minami Acoustics's Net-Net Working Capital per share for the quarter that ended in Sep. 2024 was ¥3.51.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Minami Acoustics's Days Inventory for the three months ended in Sep. 2024 was 44.33.

Inventory Turnover measures how fast the company turns over its inventory within a year. Minami Acoustics's Inventory Turnover for the quarter that ended in Sep. 2024 was 2.06.

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. Minami Acoustics's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 0.39.

Minami Acoustics Total Inventories Historical Data

The historical data trend for Minami Acoustics'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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Minami Acoustics Total Inventories Chart

Minami Acoustics Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Inventories

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106.31

154.65

136.46

157.37

211.17

Minami Acoustics Quarterly Data
	Dec18	Dec19	Dec20	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Total Inventories	Get a 7-Day Free Trial											257.42	211.17	242.90	274.54	291.87

Minami Acoustics 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.

Minami Acoustics (SZSE:301383) 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.

Minami Acoustics's Net-Net Working Capital Per Share for the quarter that ended in Sep. 2024 is

	Net-Net Working Capital Per Share (Q: Sep. 2024 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(736.046	+	0.75 * 581.857	+	0.5 * 291.869	-	741.099
-	0	-	5.165)	/	162.884
=	3.51

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

Minami Acoustics's Days Inventory for the three months ended in Sep. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2024 )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
	=	283.204	/	582.894	*	365 / 4
	=	44.33

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

Minami Acoustics's Inventory Turnover for the quarter that ended in Sep. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Sep. 2024 )	/	Average Total Inventories (Q: Sep. 2024 )
	=	582.894	/	283.204
	=	2.06

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.

Minami Acoustics's Inventory to Revenue for the quarter that ended in Sep. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2024 )	/	Revenue (Q: Sep. 2024 )
	=	283.204	/	722.282
	=	0.39

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.

Minami Acoustics Total Inventories Related Terms

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Minami Acoustics Business Description

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Address

No. 66, Baokuang Road, Shangou Industrial Zone, Yudu County, Jiangxi, Ganzhou, CHN, 342300

Website

http://www.minamiacoustics.com

Minami Acoustics Ltd focuses on the research & development, production and sales of electroacoustic components and accessories, and has production and manufacturing bases in Zhongshan, Yudu and Malaysia respectively. The main business is the research and development, manufacturing and sales of micro electroacoustic components, consumer, industrial and vehicle-mounted electroacoustic products, and health acoustic products.

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