Golden Eagle Retail Group (Golden Eagle Retail Group) Total Inventories : $361.1 Mil (As of Jun. 2023)

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What is Golden Eagle Retail Group Total Inventories?

Golden Eagle Retail Group's total inventories for the quarter that ended in Jun. 2023 was $361.1 Mil. Golden Eagle Retail Group's average total inventories from the quarter that ended in Dec. 2022 to the quarter that ended in Jun. 2023 was $370.0 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Golden Eagle Retail Group's Net-Net Working Capital per share for the quarter that ended in Jun. 2023 was $-23.04.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Golden Eagle Retail Group's Days Inventory for the six months ended in Jun. 2023 was 415.04.

Inventory Turnover measures how fast the company turns over its inventory within a year. Golden Eagle Retail Group's Inventory Turnover for the quarter that ended in Jun. 2023 was 0.44.

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. Golden Eagle Retail Group's Inventory-to-Revenue for the quarter that ended in Jun. 2023 was 0.95.

Golden Eagle Retail Group Total Inventories Historical Data

The historical data trend for Golden Eagle Retail Group'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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Golden Eagle Retail Group Total Inventories Chart

Golden Eagle Retail Group Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Total Inventories

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404.34

340.28

385.03

401.40

378.99

Golden Eagle Retail Group Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Total Inventories	Get a 7-Day Free Trial															393.27	401.40	385.16	378.99	361.06

Golden Eagle Retail Group 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.

Golden Eagle Retail Group (OTCPK:GDNEY) 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.

Golden Eagle Retail Group's Net-Net Working Capital Per Share for the quarter that ended in Jun. 2023 is

	Net-Net Working Capital Per Share (Q: Jun. 2023 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(1158.371	+	0.75 * 6.003	+	0.5 * 361.063	-	2094.205
-	0	-	14.346)	/	33.2041
=	-23.04

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

Golden Eagle Retail Group's Days Inventory for the six months ended in Jun. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jun. 2023 )	/	Cost of Goods Sold (Q: Jun. 2023 )	*	Days in Period
	=	370.0285	/	162.706	*	365 / 2
	=	415.04

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

Golden Eagle Retail Group's Inventory Turnover for the quarter that ended in Jun. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Jun. 2023 )	/	Average Total Inventories (Q: Jun. 2023 )
	=	162.706	/	370.0285
	=	0.44

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.

Golden Eagle Retail Group's Inventory to Revenue for the quarter that ended in Jun. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jun. 2023 )	/	Revenue (Q: Jun. 2023 )
	=	370.0285	/	389.153
	=	0.95

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.

Golden Eagle Retail Group Total Inventories Related Terms

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Golden Eagle Retail Group (Golden Eagle Retail Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Golden Eagle Retail Group Ltd (OTCPK:GDNEY) » Definitions » Total Inventories

Traded in Other Exchanges

N/A

Address

No. 888 Yingtian Street, 17th Floor, Block A, Golden Eagle World, Jianye District, Nanjing, CHN

Website

http://www.geretail.com

Golden Eagle Retail Group Ltd is principally engaged in the development and operation of department stores in China. Targeting the mid-to-high end market, the company's stores are primarily located in four provinces and one municipality, including Jiangsu, Anhui, Shaanxi, Yunnan, and Shanghai. In addition to the core function as a department store chain, the company's stores also provide other functions and amenities, such as dining, entertainment, beauty, and personal care, cinemas, and preschool education. Specifically, for the company's stores, the majority of the total gross floor area is located in self-owned properties.

Golden Eagle Retail Group (Golden Eagle Retail Group) Headlines

From GuruFocus

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