ME Group International (ME Group International) Total Inventories : $39.6 Mil (As of Oct. 2023)

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What is ME Group International Total Inventories?

ME Group International's total inventories for the quarter that ended in Oct. 2023 was $39.6 Mil. ME Group International's average total inventories from the quarter that ended in Apr. 2023 to the quarter that ended in Oct. 2023 was $40.7 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. ME Group International's Net-Net Working Capital per share for the quarter that ended in Oct. 2023 was $-0.14.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. ME Group International's Days Inventory for the six months ended in Oct. 2023 was 64.40.

Inventory Turnover measures how fast the company turns over its inventory within a year. ME Group International's Inventory Turnover for the quarter that ended in Oct. 2023 was 2.83.

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. ME Group International's Inventory-to-Revenue for the quarter that ended in Oct. 2023 was 0.22.

ME Group International Total Inventories Historical Data

The historical data trend for ME Group International'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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ME Group International Total Inventories Chart

ME Group International Annual Data

Trend

Apr13

Apr14

Apr15

Apr16

Apr17

Apr18

Apr19

Oct21

Oct22

Oct23

Total Inventories

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32.26

29.09

25.29

28.90

39.59

ME Group International Semi-Annual Data
	Apr13	Oct13	Apr14	Oct14	Apr15	Oct15	Apr16	Oct16	Apr17	Oct17	Apr18	Oct18	Apr19	Oct19	Apr21	Oct21	Apr22	Oct22	Apr23	Oct23
Total Inventories	Get a 7-Day Free Trial															25.29	28.12	28.90	41.84	39.59

ME Group International 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.

ME Group International (OTCPK:POMOF) 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.

ME Group International's Net-Net Working Capital Per Share for the quarter that ended in Oct. 2023 is

	Net-Net Working Capital Per Share (Q: Oct. 2023 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(135.312	+	0.75 * 6.319	+	0.5 * 39.587	-	211.369
-	0	-	0)	/	377.194
=	-0.14

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

ME Group International's Days Inventory for the six months ended in Oct. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Oct. 2023 )	/	Cost of Goods Sold (Q: Oct. 2023 )	*	Days in Period
	=	40.712	/	115.366	*	365 / 2
	=	64.40

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

ME Group International's Inventory Turnover for the quarter that ended in Oct. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Oct. 2023 )	/	Average Total Inventories (Q: Oct. 2023 )
	=	115.366	/	40.712
	=	2.83

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.

ME Group International's Inventory to Revenue for the quarter that ended in Oct. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Oct. 2023 )	/	Revenue (Q: Oct. 2023 )
	=	40.712	/	187.381
	=	0.22

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.

ME Group International Total Inventories Related Terms

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ME Group International (ME Group International) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » ME Group International PLC (OTCPK:POMOF) » Definitions » Total Inventories

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Traded in Other Exchanges

MEGPl:UK PHTM.GB:UK MEGP:UK PHQ:Germany

Address

Blenheim Road, Unit 3B, Epsom, London, Surrey, GBR, KT19 9AP

Website

https://www.me-group.com

ME Group International PLC operates, sells and services a wide range of instant-service vending equipment, aimed at the consumer market. The group operates vending units across 20 countries and its technological innovation is focused on four principal areas namely Photobooths and integrated biometric identification solutions; Unattended laundry services and launderettes; High-quality digital printigg kiosks and Vending equipment for the food service market. Geographically, the company operates in UK & Republic of Ireland, Asia Pacific and Continental Europe, which is the majority revenue generator.

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