CN Asia Bhd (XKLS:7986) Total Inventories : RM4.49 Mil (As of Dec. 2023)

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What is CN Asia Bhd Total Inventories?

CN Asia Bhd's total inventories for the quarter that ended in Dec. 2023 was RM4.49 Mil. CN Asia Bhd's average total inventories from the quarter that ended in Sep. 2023 to the quarter that ended in Dec. 2023 was RM4.58 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. CN Asia Bhd's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was RM0.01.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. CN Asia Bhd's Days Inventory for the three months ended in Dec. 2023 was 99.23.

Inventory Turnover measures how fast the company turns over its inventory within a year. CN Asia Bhd's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.92.

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. CN Asia Bhd's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.82.

CN Asia Bhd Total Inventories Historical Data

The historical data trend for CN Asia 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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CN Asia Bhd Total Inventories Chart

CN Asia Bhd Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Total Inventories

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2.78

4.05

5.14

4.09

5.33

CN Asia Bhd Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Jun23	Sep23	Dec23
Total Inventories	Get a 7-Day Free Trial															4.03	3.48	4.88	4.66	4.49

CN Asia 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.

CN Asia Bhd (XKLS:7986) 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.

CN Asia Bhd's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2023 is

	Net-Net Working Capital Per Share (Q: Dec. 2023 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(12.456	+	0.75 * 2.368	+	0.5 * 4.494	-	13.27
-	0	-	0)	/	268.796
=	0.01

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

CN Asia Bhd's Days Inventory for the three months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	4.576	/	4.208	*	365 / 4
	=	99.23

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

CN Asia Bhd's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Dec. 2023 )	/	Average Total Inventories (Q: Dec. 2023 )
	=	4.208	/	4.576
	=	0.92

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.

CN Asia Bhd's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	4.576	/	5.559
	=	0.82

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.

CN Asia Bhd Total Inventories Related Terms

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CN Asia Bhd (XKLS:7986) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » CN Asia Corp Bhd (XKLS:7986) » Definitions » Total Inventories

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Address

Jalan Balakong, Lot 7907, Batu 11, Ground Floor Office Building, Seri Kembangan, SGR, MYS, 43300

Website

https://www.cnasia.com

CN Asia Corp Bhd is an investment holding company. It is engaged in the manufacturing and trading of underground and skid tanks, dish ends, pressure vessels, road tankers, and piping for the petroleum industry as well as specialized engineering and fabrication works, and sub-contractor for civil engineering work. The company segments include Manufacturing, Investment, Energy Management, and Financial Services. It generates maximum revenue from the Manufacturing segment.

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