Mikro MSC Bhd (XKLS:0112) Total Inventories : RM25.68 Mil (As of Dec. 2023)

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What is Mikro MSC Bhd Total Inventories?

Mikro MSC Bhd's total inventories for the quarter that ended in Dec. 2023 was RM25.68 Mil. Mikro MSC Bhd's average total inventories from the quarter that ended in Sep. 2023 to the quarter that ended in Dec. 2023 was RM25.94 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Mikro MSC Bhd's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was RM0.03.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Mikro MSC Bhd's Days Inventory for the three months ended in Dec. 2023 was 256.60.

Inventory Turnover measures how fast the company turns over its inventory within a year. Mikro MSC Bhd's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.36.

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. Mikro MSC Bhd's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 1.87.

Mikro MSC Bhd Total Inventories Historical Data

The historical data trend for Mikro MSC Bhd'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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Mikro MSC Bhd Total Inventories Chart

Mikro MSC Bhd Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Total Inventories

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12.49

12.98

19.29

23.32

27.18

Mikro MSC Bhd 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															26.83	29.61	27.18	26.19	25.68

Mikro MSC Bhd 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.

Mikro MSC Bhd (XKLS:0112) 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.

Mikro MSC Bhd'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)
=	(21.06	+	0.75 * 20.423	+	0.5 * 25.682	-	17.587
-	0	-	0.306)	/	1073.49
=	0.03

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

Mikro MSC Bhd'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
	=	25.938	/	9.224	*	365 / 4
	=	256.60

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

Mikro MSC Bhd'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 )
	=	9.224	/	25.938
	=	0.36

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.

Mikro MSC Bhd'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 )
	=	25.938	/	13.849
	=	1.87

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.

Mikro MSC Bhd Total Inventories Related Terms

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Mikro MSC Bhd (XKLS:0112) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Mikro MSC Bhd (XKLS:0112) » Definitions » Total Inventories

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Address

No. 3, Jalan Anggerik Mokara, 31/48 Seksyen 31, Kota Kemuning, Shah Alam, SGR, MYS, 40460

Website

http://www.itmikro.com

Mikro MSC Bhd is engaged in the research, development, and design of analogue, digital and computer-controlled electronic systems or devices for use in electrical, electronic and other industries and provision of technical and maintenance services. The company offers products and services, including combined overcurrent and earth fault relays; overcurrent relays; earth fault relays; earth leakage relays; earth leakage system; metering solutions; voltage relays; reverse power relay; power factor regulator; annunciator; motor protection relay, and capacitor and reactor. Geographically, it derives a majority of revenue from Malaysia.

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