Advance Equity Holding AD Sofia (XBUL:ADVE) Total Inventories : лв4.94 Mil (As of Sep. 2019)

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What is Advance Equity Holding AD Sofia Total Inventories?

Advance Equity Holding AD Sofia's total inventories for the quarter that ended in Sep. 2019 was лв4.94 Mil. Advance Equity Holding AD Sofia's average total inventories from the quarter that ended in Jun. 2019 to the quarter that ended in Sep. 2019 was лв5.56 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Advance Equity Holding AD Sofia's Net-Net Working Capital per share for the quarter that ended in Sep. 2019 was лв-0.40.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Advance Equity Holding AD Sofia's Days Inventory for the three months ended in Sep. 2019 was 206.07.

Inventory Turnover measures how fast the company turns over its inventory within a year. Advance Equity Holding AD Sofia's Inventory Turnover for the quarter that ended in Sep. 2019 was 0.44.

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 Equity Holding AD Sofia's Inventory-to-Revenue for the quarter that ended in Sep. 2019 was 1.26.

Advance Equity Holding AD Sofia Total Inventories Historical Data

The historical data trend for Advance Equity Holding AD Sofia'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 Equity Holding AD Sofia Total Inventories Chart

Advance Equity Holding AD Sofia Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Total Inventories

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4.26

7.42

2.58

3.10

1.99

Advance Equity Holding AD Sofia Quarterly Data
	Jun14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Jun19	Sep19
Total Inventories	Get a 7-Day Free Trial															5.96	4.23	1.99	6.18	4.94

Advance Equity Holding AD Sofia 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 Equity Holding AD Sofia (XBUL:ADVE) 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 Equity Holding AD Sofia's Net-Net Working Capital Per Share for the quarter that ended in Sep. 2019 is

	Net-Net Working Capital Per Share (Q: Sep. 2019 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(0.142	+	0.75 * 0.881	+	0.5 * 4.942	-	18.99
-	0	-	-1.412)	/	35.9456
=	-0.40

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

Advance Equity Holding AD Sofia's Days Inventory for the three months ended in Sep. 2019 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2019 )	/	Cost of Goods Sold (Q: Sep. 2019 )	*	Days in Period
	=	5.56	/	2.462	*	365 / 4
	=	206.07

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

Advance Equity Holding AD Sofia's Inventory Turnover for the quarter that ended in Sep. 2019 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Sep. 2019 )	/	Average Total Inventories (Q: Sep. 2019 )
	=	2.462	/	5.56
	=	0.44

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 Equity Holding AD Sofia's Inventory to Revenue for the quarter that ended in Sep. 2019 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2019 )	/	Revenue (Q: Sep. 2019 )
	=	5.56	/	4.4
	=	1.26

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.

Advance Equity Holding AD Sofia Total Inventories Related Terms

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Advance Equity Holding AD Sofia (XBUL:ADVE) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Advance Equity Holding AD Sofia (XBUL:ADVE) » Definitions » Total Inventories

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Traded in Other Exchanges

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Address

Bul. Hristo Botev 57, Sofia, BGR, 1303

Website

http://www.advancequity.bg

Advance Equity Holding AD Sofia is an investment company. The company focuses its investments on new start-up companies that have high growth potential.

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