Swire Pacific (Swire Pacific) Total Inventories : $2,032 Mil (As of Dec. 2023)

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What is Swire Pacific Total Inventories?

Swire Pacific's total inventories for the quarter that ended in Dec. 2023 was $2,032 Mil. Swire Pacific's average total inventories from the quarter that ended in Jun. 2023 to the quarter that ended in Dec. 2023 was $1,940 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Swire Pacific's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-5.12.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Swire Pacific's Days Inventory for the six months ended in Dec. 2023 was 101.14.

Inventory Turnover measures how fast the company turns over its inventory within a year. Swire Pacific's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.80.

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. Swire Pacific's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.35.

Swire Pacific Total Inventories Historical Data

The historical data trend for Swire Pacific'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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Swire Pacific Total Inventories Chart

Swire Pacific Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Inventories

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1,171.50

1,115.86

1,550.97

2,038.69

2,031.81

Swire Pacific 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															1,550.97	1,571.97	2,038.69	1,847.95	2,031.81

Swire Pacific 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.

Swire Pacific (OTCPK:SWRAY) 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.

Swire Pacific'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)
=	(1803.119	+	0.75 * 1115.009	+	0.5 * 2031.806	-	15746.626
-	0	-	7253.067)	/	3779.16
=	-5.12

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

Swire Pacific'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
	=	1939.8785	/	3500.474	*	365 / 2
	=	101.14

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

Swire Pacific'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 )
	=	3500.474	/	1939.8785
	=	1.80

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.

Swire Pacific'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 )
	=	1939.8785	/	5541.627
	=	0.35

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.

Swire Pacific Total Inventories Related Terms

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Swire Pacific (Swire Pacific) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Swire Pacific Ltd (OTCPK:SWRAY) » Definitions » Total Inventories

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Traded in Other Exchanges

SWRBY:USA SWRBF:USA SWRAF:USA 00087:Hong Kong 00019:Hong Kong SWI1:Germany

Address

88 Queensway, GPO Box 1, 33rd Floor, One Pacific Place, Hong Kong, HKG

Website

https://www.swirepacific.com

Swire Pacific is a Hong Kong-based conglomerate with interests in property, aviation, beverage, trading, and industrials. The property division, an 82% stake in Swire Properties, contributes more than half of the group's operating profit. The beverage division is one of two Coca-Cola bottlers in mainland China and also a bottler in Hong Kong, Taiwan, Vietnam, and Cambodia. The aviation division consists of Haeco, an aircraft engineering company, and a 45% stake in Cathay Pacific. As of end June 2023, John Swire & Sons, the parent company, holds a 60% stake in Swire Pacific but has 68% of the voting rights through a dual-class share structure.

Swire Pacific (Swire Pacific) Headlines

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