Afrocentric Investment (JSE:ACT) Total Inventories : R464 Mil (As of Dec. 2023)

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What is Afrocentric Investment Total Inventories?

Afrocentric Investment's total inventories for the quarter that ended in Dec. 2023 was R464 Mil. Afrocentric Investment's average total inventories from the quarter that ended in Jun. 2023 to the quarter that ended in Dec. 2023 was R454 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Afrocentric Investment's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was R-1.14.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Afrocentric Investment's Days Inventory for the six months ended in Dec. 2023 was 45.11.

Inventory Turnover measures how fast the company turns over its inventory within a year. Afrocentric Investment's Inventory Turnover for the quarter that ended in Dec. 2023 was 4.05.

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. Afrocentric Investment's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.10.

Afrocentric Investment Total Inventories Historical Data

The historical data trend for Afrocentric Investment'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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Afrocentric Investment Total Inventories Chart

Afrocentric Investment Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Total Inventories

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283.73

297.85

421.56

431.76

444.56

Afrocentric Investment Semi-Annual Data
	Jun14	Dec14	Jun15	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															461.64	431.76	463.74	444.56	464.33

Afrocentric Investment 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.

Afrocentric Investment (JSE:ACT) 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.

Afrocentric Investment'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)
=	(189.297	+	0.75 * 776.005	+	0.5 * 464.329	-	1885.622
-	0	-	51.752)	/	818.358
=	-1.14

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

Afrocentric Investment'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
	=	454.4455	/	1838.355	*	365 / 2
	=	45.11

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

Afrocentric Investment'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 )
	=	1838.355	/	454.4455
	=	4.05

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.

Afrocentric Investment'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 )
	=	454.4455	/	4384.386
	=	0.10

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.

Afrocentric Investment Total Inventories Related Terms

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Afrocentric Investment (JSE:ACT) Business Description

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GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Afrocentric Investment Corp Ltd (JSE:ACT) » Definitions » Total Inventories

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Address

37 Conrad Road, Florida North, Roodepoort, ZAF, 1709

Website

http://www.afrocentric.za.com

Afrocentric Investment Corp Ltd is a black-owned investment holding company with an investment portfolio focused on services to the healthcare sector. It seeks to invest in healthcare-related businesses that demonstrate prospects for growth as well as diversify its revenue sources while contributing to the sustainable health and welfare of South African communities. The company provides health administration and health risk management solutions to the healthcare industry. It also provides a range of complementary services to its traditional medical scheme clients and a portfolio of healthcare-related enterprises. These services include information technology solutions, transactional switching, specialized disease management, pharmaceutical wholesaling, amongst others.