Mandarin Oriental International (Mandarin Oriental International) Total Inventories : $5.0 Mil (As of Dec. 2023)

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What is Mandarin Oriental International Total Inventories?

Mandarin Oriental International's total inventories for the quarter that ended in Dec. 2023 was $5.0 Mil. Mandarin Oriental International's average total inventories from the quarter that ended in Jun. 2023 to the quarter that ended in Dec. 2023 was $5.1 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Mandarin Oriental International's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-0.43.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Mandarin Oriental International's Days Inventory for the six months ended in Dec. 2023 was 5.97.

Inventory Turnover measures how fast the company turns over its inventory within a year. Mandarin Oriental International's Inventory Turnover for the quarter that ended in Dec. 2023 was 30.57.

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. Mandarin Oriental International's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.02.

Mandarin Oriental International Total Inventories Historical Data

The historical data trend for Mandarin Oriental 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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Mandarin Oriental International Total Inventories Chart

Mandarin Oriental International Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Inventories

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6.20

6.00

5.30

5.00

Mandarin Oriental International 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															5.30	4.70	5.00	5.20	5.00

Mandarin Oriental 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.

Mandarin Oriental International (OTCPK:MAORF) 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.

Mandarin Oriental International'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)
=	(178.8	+	0.75 * 80.3	+	0.5 * 5	-	779.2
-	0	-	5.1)	/	1263.81
=	-0.43

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

Mandarin Oriental International'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
	=	5.1	/	155.9	*	365 / 2
	=	5.97

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

Mandarin Oriental International'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 )
	=	155.9	/	5.1
	=	30.57

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.

Mandarin Oriental International'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 )
	=	5.1	/	297.4
	=	0.02

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.

Mandarin Oriental International Total Inventories Related Terms

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Mandarin Oriental International (Mandarin Oriental International) Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Mandarin Oriental International Ltd (OTCPK:MAORF) » Definitions » Total Inventories

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Traded in Other Exchanges

MNOIY:USA M04:Singapore 1C4:Germany

Address

18 Westlands Road, 8th Floor, One Island East, Taikoo Place, Quarry Bay, Hong Kong, HKG

Website

https://www.mandarinoriental.com

Mandarin Oriental International Ltd is an owner and operator of hotels, domiciled in Hong Kong. The company principally operates luxury hotels across the globe. Mandarin Oriental International reports operations across three regions: Asia, The Americas, and Europe, Middle East and Africa (EMEA). Asia constitutes the most significant contribution to revenue, followed by EMEA. Rooms, food, and beverage operations constitute the vast majority of revenue, with more than half the revenue attributable to letting rooms.

Mandarin Oriental International (Mandarin Oriental International) Headlines

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