Minox International Group Bhd (XKLS:0288) Total Inventories : RM26.71 Mil (As of Jun. 2024)

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What is Minox International Group Bhd Total Inventories?

Minox International Group Bhd's total inventories for the quarter that ended in Jun. 2024 was RM26.71 Mil. Minox International Group Bhd's average total inventories from the quarter that ended in Mar. 2024 to the quarter that ended in Jun. 2024 was RM26.88 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Minox International Group Bhd's Net-Net Working Capital per share for the quarter that ended in Jun. 2024 was RM0.02.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Minox International Group Bhd's Days Inventory for the three months ended in Jun. 2024 was 541.90.

Inventory Turnover measures how fast the company turns over its inventory within a year. Minox International Group Bhd's Inventory Turnover for the quarter that ended in Jun. 2024 was 0.17.

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. Minox International Group Bhd's Inventory-to-Revenue for the quarter that ended in Jun. 2024 was 2.44.

Minox International Group Bhd Total Inventories Historical Data

The historical data trend for Minox International Group Bhd'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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Minox International Group Bhd Total Inventories Chart

Minox International Group Bhd Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Total Inventories

13.69

17.50

19.17

23.62

27.02

Minox International Group Bhd Quarterly Data
	Dec19	Dec20	Dec21	Dec22	Apr23	Dec23	Mar24	Jun24
Total Inventories	Get a 7-Day Free Trial			23.62	27.30	27.02	27.06	26.71

Minox International Group Bhd 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.

Minox International Group Bhd (XKLS:0288) 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.

Minox International Group Bhd'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)
=	(22.927	+	0.75 * 7.352	+	0.5 * 26.712	-	30.512
-	0	-	2.872)	/	360.000
=	0.02

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

Minox International Group Bhd's Days Inventory for the three 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
	=	26.884	/	4.527	*	365 / 4
	=	541.90

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

Minox International Group Bhd'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 )
	=	4.527	/	26.884
	=	0.17

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.

Minox International Group Bhd'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 )
	=	26.884	/	11.024
	=	2.44

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.

Minox International Group Bhd Total Inventories Related Terms

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Minox International Group Bhd Business Description

Industry

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Traded in Other Exchanges

N/A

Address

3, Jalan Industri PBP 11, Taman Industri Pusat Bandar Puchong, Puchong, SGR, MYS, 47100

Website

https://www.minox.biz

Minox International Group Bhd is principally an investment holding company. It is involved in the distribution of stainless steel sanitary valves, tubes & fittings, installation components & equipment, rubber hoses under its MINOX brand and other related products.

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