Ethernity Networks (FRA:82N) Total Inventories : €0.49 Mil (As of Dec. 2023)

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What is Ethernity Networks Total Inventories?

Ethernity Networks's total inventories for the quarter that ended in Dec. 2023 was €0.49 Mil. Ethernity Networks's average total inventories from the quarter that ended in Jun. 2023 to the quarter that ended in Dec. 2023 was €0.66 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Ethernity Networks's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was €-0.00.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Ethernity Networks's Days Inventory for the six months ended in Dec. 2023 was 155.31.

Inventory Turnover measures how fast the company turns over its inventory within a year. Ethernity Networks's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.18.

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. Ethernity Networks's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.30.

Ethernity Networks Total Inventories Historical Data

The historical data trend for Ethernity Networks'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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Ethernity Networks Total Inventories Chart

Ethernity Networks Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Inventories

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0.15

0.14

0.25

0.73

0.49

Ethernity Networks Semi-Annual Data
	Dec14	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Total Inventories	Get a 7-Day Free Trial													0.25	0.73	0.73	0.82	0.49

Ethernity Networks 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.

Ethernity Networks (FRA:82N) 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.

Ethernity Networks'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)
=	(1.828	+	0.75 * 0.171	+	0.5 * 0.492	-	3.447
-	0	-	0)	/	376.721
=	-0.00

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

Ethernity Networks'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
	=	0.657	/	0.772	*	365 / 2
	=	155.31

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

Ethernity Networks'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 )
	=	0.772	/	0.657
	=	1.18

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.

Ethernity Networks'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 )
	=	0.657	/	2.182
	=	0.30

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.

Ethernity Networks Total Inventories Related Terms

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Ethernity Networks (FRA:82N) Business Description

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ENET:UK

Address

1 Golan Street, Corner HaNegev, Beit Golan, 3rd Floor, Airport City, ISR, 7019900

Website

https://www.ethernitynet.com

Ethernity Networks Ltd develops and markets technology solutions for Carrier Ethernet switching, including broadband access, mobile backhaul, and data centers. The company's only operating segment is the development and delivery of high-end network processing technology. Geographically, it derives a majority of its revenue from the United States and also has a presence in Asia, Europe, and Israel. Its product categories include SoCs, SmartNICs, and Network Appliances.

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