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Smart Asia Chemical Bhd (XKLS:0306) Total Inventories : RM24.58 Mil (As of Jun. 2024)


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What is Smart Asia Chemical Bhd Total Inventories?

Smart Asia Chemical Bhd's total inventories for the quarter that ended in Jun. 2024 was RM24.58 Mil. Smart Asia Chemical Bhd's average total inventories from the quarter that ended in Dec. 2023 to the quarter that ended in Jun. 2024 was RM24.92 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Smart Asia Chemical Bhd's Net-Net Working Capital per share for the quarter that ended in Jun. 2024 was RM0.01.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Smart Asia Chemical Bhd's Days Inventory for the six months ended in Jun. 2024 was 146.64.

Inventory Turnover measures how fast the company turns over its inventory within a year. Smart Asia Chemical Bhd's Inventory Turnover for the quarter that ended in Jun. 2024 was 1.24.

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. Smart Asia Chemical Bhd's Inventory-to-Revenue for the quarter that ended in Jun. 2024 was 0.57.

Smart Asia Chemical Bhd Total Inventories Historical Data

The historical data trend for Smart Asia Chemical 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.

* Premium members only.

Smart Asia Chemical Bhd Total Inventories Chart

Smart Asia Chemical Bhd Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Total Inventories
20.98 25.24 23.74 25.25

Smart Asia Chemical Bhd Semi-Annual Data
Dec20 Dec21 Dec22 Dec23 Jun24
Total Inventories 20.98 25.24 23.74 25.25 24.58

Smart Asia Chemical 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.

Smart Asia Chemical Bhd  (XKLS:0306) 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.

Smart Asia Chemical 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)
=(7.753+0.75 * 28.007+0.5 * 24.581-38.448
-0-0.01)/369.85
=0.01

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

Smart Asia Chemical Bhd'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
=24.915/31.008*365 / 2
=146.64

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

Smart Asia Chemical 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 )
=31.008 / 24.915
=1.24

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.

Smart Asia Chemical 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 )
=24.915 / 43.375
=0.57

* 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.

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.

Smart Asia Chemical Bhd Total Inventories Related Terms

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Smart Asia Chemical Bhd Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Smart Asia Chemical Bhd (XKLS:0306) » Definitions » Total Inventories
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Traded in Other Exchanges
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Address
No. 11, Jalan Indah Gemilang 5, Taman Perindustrian Gemilang, Ulu Tiram, JHR, MYS, 81800
Website
https://www.smartasiachemical.com
Smart Asia Chemical Bhd is an investment holding company. Through its subsidiaries, it is involved in the development, manufacturing, distribution and sale of decorative paints and protective coatings for household and industrial applications. Also involved in the development, manufacturing, distribution and sale of related products, namely colourants, and binding and coating chemicals; sale and trading of painting tools and accessories, aerosol spray paints and other related products to complement decorative paints and protective coatings offerings, ODM services of decorative paints, protective coatings as well as binding and coating chemicals for third party brand owners.

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