Melco Holdings (TSE:6676) Total Inventories : 円24,135 Mil (As of Dec. 2023)

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What is Melco Holdings Total Inventories?

Melco Holdings's total inventories for the quarter that ended in Dec. 2023 was 円24,135 Mil. Melco Holdings's average total inventories from the quarter that ended in Sep. 2023 to the quarter that ended in Dec. 2023 was 円23,950 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Melco Holdings's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was 円765.01.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Melco Holdings's Days Inventory for the three months ended in Dec. 2023 was 74.47.

Inventory Turnover measures how fast the company turns over its inventory within a year. Melco Holdings's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.23.

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. Melco Holdings's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.61.

Melco Holdings Total Inventories Historical Data

The historical data trend for Melco Holdings'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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Melco Holdings Total Inventories Chart

Melco Holdings Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Total Inventories

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11,254.00

13,879.00

13,789.00

21,811.00

22,420.00

Melco Holdings Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Total Inventories	Get a 7-Day Free Trial															24,966.00	22,420.00	26,367.00	23,764.00	24,135.00

Melco Holdings 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.

Melco Holdings (TSE:6676) 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.

Melco Holdings'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)
=	(17190	+	0.75 * 22850	+	0.5 * 24135	-	33616
-	0	-	0)	/	16.7043
=	765.01

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

Melco Holdings's Days Inventory for the three 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
	=	23949.5	/	29345	*	365 / 4
	=	74.47

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

Melco Holdings'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 )
	=	29345	/	23949.5
	=	1.23

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.

Melco Holdings'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 )
	=	23949.5	/	39019
	=	0.61

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.

Melco Holdings Total Inventories Related Terms

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Melco Holdings (TSE:6676) Business Description

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Address

30-20, Ohsu 3-chome, Akamon-dori Building, Naka-ku, Nagoya, JPN, 460-8315

Website

http://melco-hd.jp

Melco Holdings, Inc. is a holding company with interests in manufacturing computer and broadband equipment. Its product portfolio includes storage products, flash memory devices, digital home products, memory modules, network and broadband products, and computer and electronics supplies, accessories, and components. It also offers support services such as computer set-up at doorstep, surveys for corporate wireless LANs as well as installation. The firm has business operations throughout Japan, Asia, Europe, and the United States of America.

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