Pet Service Holding NV (XPAR:MLPET) Total Inventories : €0.11 Mil (As of Dec. 2023)

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What is Pet Service Holding NV Total Inventories?

Pet Service Holding NV's total inventories for the quarter that ended in Dec. 2023 was €0.11 Mil. Pet Service Holding NV's average total inventories from the quarter that ended in Dec. 2022 to the quarter that ended in Dec. 2023 was €0.15 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Pet Service Holding NV's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was €-0.56.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Pet Service Holding NV's Days Inventory for the six months ended in Dec. 2023 was 33.97.

Inventory Turnover measures how fast the company turns over its inventory within a year. Pet Service Holding NV's Inventory Turnover for the quarter that ended in Dec. 2023 was 5.37.

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. Pet Service Holding NV's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.12.

Pet Service Holding NV Total Inventories Historical Data

The historical data trend for Pet Service Holding NV'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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Pet Service Holding NV Total Inventories Chart

Pet Service Holding NV Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Total Inventories

0.16

0.18

0.11

Pet Service Holding NV Semi-Annual Data
	Dec19	Dec20	Dec21	Dec22	Dec23
Total Inventories	-	-	0.16	0.18	0.11

Pet Service Holding NV 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.

Pet Service Holding NV (XPAR:MLPET) 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.

Pet Service Holding NV'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)
=	(0.137	+	0.75 * 0.007	+	0.5 * 0.111	-	1.452
-	0	-	0)	/	2.25
=	-0.56

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

Pet Service Holding NV's Days Inventory for the six 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
	=	0.1465	/	0.787	*	365 / 2
	=	33.97

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

Pet Service Holding NV'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 )
	=	0.787	/	0.1465
	=	5.37

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.

Pet Service Holding NV'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 )
	=	0.1465	/	1.208
	=	0.12

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.

Pet Service Holding NV Total Inventories Related Terms

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Pet Service Holding NV (XPAR:MLPET) Business Description

Industry

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Traded in Other Exchanges

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Address

Industrieweg 16, Wormerveer, NLD, 1521

Website

https://www.petserviceholding.com

Pet Service Holding NV is a European provider of products and services for pets and pet owners. The company specializes in the online sale of medicines, food products, and accessories for pets. The Group operates the following online shops: Dierenapotheek.nl and Drpetcare and sells OTC Medicines for pets. The company also offers PetApp which is a smartphone application that provides users with access to an online pet supply store, storage solutions for data relating to pets, and the option to receive news and information about pet events. The Group is also actively developing a tracker for pets (the PetTracker) and intends to integrate the tracking option into the PetApp.

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