Tencent Holdings (Tencent Holdings) Total Inventories

: $230 Mil (As of Sep. 2023)

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Tencent Holdings's total inventories for the quarter that ended in Sep. 2023 was $230 Mil. Tencent Holdings's average total inventories from the quarter that ended in Jun. 2023 to the quarter that ended in Sep. 2023 was $265 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Tencent Holdings's Net-Net Working Capital per share for the quarter that ended in Sep. 2023 was $-5.38.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Tencent Holdings's Days Inventory for the three months ended in Sep. 2023 was 2.26.

Inventory Turnover measures how fast the company turns over its inventory within a year. Tencent Holdings's Inventory Turnover for the quarter that ended in Sep. 2023 was 40.34.

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. Tencent Holdings's Inventory-to-Revenue for the quarter that ended in Sep. 2023 was 0.01.

Tencent Holdings Total Inventories Historical Data

The historical data trend for Tencent 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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Tencent Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Inventories

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102.37

124.48

166.89

334.64

63.86

Tencent 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															334.64	292.42	300.92	229.66	63.86

Tencent 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.

Tencent Holdings (OTCPK:TCEHY) 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.

Tencent Holdings's Net-Net Working Capital Per Share for the quarter that ended in Sep. 2023 is

	Net-Net Working Capital Per Share (Q: Sep. 2023 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(49671.138	+	0.75 * 6485.016	+	0.5 * 229.655	-	97327.724
-	0	-	8554.653)	/	9519.7
=	-5.38

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

Tencent Holdings's Days Inventory for the three months ended in Sep. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2023 )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
	=	265.287	/	10701.983	*	365 / 4
	=	2.26

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

Tencent Holdings's Inventory Turnover for the quarter that ended in Sep. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Sep. 2023 )	/	Average Total Inventories (Q: Sep. 2023 )
	=	10701.983	/	265.287
	=	40.34

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.

Tencent Holdings's Inventory to Revenue for the quarter that ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2023 )	/	Revenue (Q: Sep. 2023 )
	=	265.287	/	21187.602
	=	0.01

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.

Tencent Holdings Total Inventories Related Terms

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Tencent Holdings (Tencent Holdings) Business Description

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Traded in Other Exchanges

TCTZF:USA TCEHY:Mexico 00700:Hong Kong 0Z4S:UK NNN:Germany NNND:Austria

Address

No. 33 Haitian 2nd Road, Tencent Binhai Towers, Nanshan District, Shenzhen, CHN, 518054

Website

http://www.tencent.com

Tencent is arguably the most influential internet firm in China as one can hardly go by a day without using its products. Tencent is the world's largest video game vendor and owns the world's top-grossing mobile game--Honor of Kings. Tencent also runs China's largest social media super app--WeChat. The app is now part of the fabric of life for Chinese people who use it to chat, shop, watch videos, play games, order food and taxis, and more. Equally as impressive as its own portfolio, Tencent is also among the world's largest venture capital and investment corporations. The firm is now one of the largest shareholders in leading tech companies like Meituan, JD, DiDi, Snap, PDD, Kuaishou, Epic Games, and more.