Meikles (LSE:MIK) Total Inventories : $424 Mil (As of Aug. 2023)

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What is Meikles Total Inventories?

Meikles's total inventories for the quarter that ended in Aug. 2023 was $424 Mil. Meikles's average total inventories from the quarter that ended in Sep. 2022 to the quarter that ended in Aug. 2023 was $241 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Meikles's Net-Net Working Capital per share for the quarter that ended in Aug. 2023 was $-1.22.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Meikles's Days Inventory for the six months ended in Aug. 2023 was 21.67.

Inventory Turnover measures how fast the company turns over its inventory within a year. Meikles's Inventory Turnover for the quarter that ended in Aug. 2023 was 8.42.

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. Meikles's Inventory-to-Revenue for the quarter that ended in Aug. 2023 was 0.09.

Meikles Total Inventories Historical Data

The historical data trend for Meikles'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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Meikles Total Inventories Chart

Meikles Annual Data

Trend

Dec08

Dec09

Mar11

Mar12

Mar19

Mar20

Mar21

Total Inventories

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45.76

44.55

2.83

10.18

13.20

Meikles Semi-Annual Data
	Dec09	Mar11	Mar12	Sep12	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Aug23
Total Inventories	Get a 7-Day Free Trial									13.20	9.19	56.11	58.10	423.87

Meikles 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.

Meikles (LSE:MIK) 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.

Meikles's Net-Net Working Capital Per Share for the quarter that ended in Aug. 2023 is

	Net-Net Working Capital Per Share (Q: Aug. 2023 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(359.487	+	0.75 * 8.551	+	0.5 * 423.873	-	718.555
-	0	-	176.667)	/	261.065
=	-1.22

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

Meikles's Days Inventory for the six months ended in Aug. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Aug. 2023 )	/	Cost of Goods Sold (Q: Aug. 2023 )	*	Days in Period
	=	240.986	/	2029.514	*	365 / 2
	=	21.67

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

Meikles's Inventory Turnover for the quarter that ended in Aug. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Aug. 2023 )	/	Average Total Inventories (Q: Aug. 2023 )
	=	2029.514	/	240.986
	=	8.42

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.

Meikles's Inventory to Revenue for the quarter that ended in Aug. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Aug. 2023 )	/	Revenue (Q: Aug. 2023 )
	=	240.986	/	2701.37
	=	0.09

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.

Meikles Total Inventories Related Terms

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Meikles (LSE:MIK) Business Description

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MEIK.ZW:Zimbabwe

Address

4 Steppes Road, Highlands, Harare, ZWE

Website

https://www.meiklesltd.com

Meikles Ltd is a Zimbabwe-based investment holding company. Its business segments include Supermarkets, Hotels, properties, and security guard operations. It is organized into two geographical segments, Zimbabwe, and non-Zimbabwe. The majority of its revenue is generated from the Supermarkets segment within Zimbabwe.