Tse Sui Luen Jewellery (International) (HKSE:00417) Total Inventories : HK$1,530 Mil (As of Sep. 2023)

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What is Tse Sui Luen Jewellery (International) Total Inventories?

Tse Sui Luen Jewellery (International)'s total inventories for the quarter that ended in Sep. 2023 was HK$1,530 Mil. Tse Sui Luen Jewellery (International)'s average total inventories from the quarter that ended in Mar. 2023 to the quarter that ended in Sep. 2023 was HK$1,500 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Tse Sui Luen Jewellery (International)'s Net-Net Working Capital per share for the quarter that ended in Sep. 2023 was HK$-3.72.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Tse Sui Luen Jewellery (International)'s Days Inventory for the six months ended in Sep. 2023 was 312.27.

Inventory Turnover measures how fast the company turns over its inventory within a year. Tse Sui Luen Jewellery (International)'s Inventory Turnover for the quarter that ended in Sep. 2023 was 0.58.

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. Tse Sui Luen Jewellery (International)'s Inventory-to-Revenue for the quarter that ended in Sep. 2023 was 1.11.

Tse Sui Luen Jewellery (International) Total Inventories Historical Data

The historical data trend for Tse Sui Luen Jewellery (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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Tse Sui Luen Jewellery (International) Total Inventories Chart

Tse Sui Luen Jewellery (International) Annual Data

Trend

Feb13

Feb14

Feb15

Feb16

Feb17

Mar19

Mar20

Mar21

Mar22

Mar23

Total Inventories

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1,436.26

1,453.76

1,224.20

1,369.45

1,469.77

Tse Sui Luen Jewellery (International) Semi-Annual Data
	Aug13	Feb14	Aug14	Feb15	Aug15	Feb16	Aug16	Feb17	Aug17	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Total Inventories	Get a 7-Day Free Trial															1,398.16	1,369.45	1,541.31	1,469.77	1,529.88

Tse Sui Luen Jewellery (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.

Tse Sui Luen Jewellery (International) (HKSE:00417) 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.

Tse Sui Luen Jewellery (International)'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)
=	(219.826	+	0.75 * 91.838	+	0.5 * 1529.877	-	1980.562
-	0	-	-0.715)	/	249.182
=	-3.72

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

Tse Sui Luen Jewellery (International)'s Days Inventory for the six 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
	=	1499.8235	/	876.538	*	365 / 2
	=	312.27

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

Tse Sui Luen Jewellery (International)'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 )
	=	876.538	/	1499.8235
	=	0.58

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.

Tse Sui Luen Jewellery (International)'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 )
	=	1499.8235	/	1346.534
	=	1.11

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.

Tse Sui Luen Jewellery (International) Total Inventories Related Terms

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Tse Sui Luen Jewellery (International) (HKSE:00417) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Tse Sui Luen Jewellery (International) Ltd (HKSE:00417) » Definitions » Total Inventories

Traded in Other Exchanges

N/A

Address

30 Man Yue Street, Ground Floor, Block B, Summit Building, Hunghom, Kowloon, Hong Kong, HKG

Website

https://www.tslj.com

Tse Sui Luen Jewellery (International) Ltd is an investment holding company. It is engaged in the manufacture, sale, and marketing of jewelry products as well as the provision of service. The company's operating segment includes Retail Business, Wholesale Business, E-Business, and Other Businesses. It generates maximum revenue from the Retail Business segment which includes direct retail sales of jewellery products to end consumers through the physical outlets. The group derives revenue from the customers in Hong Kong and Macau, Mainland China and other countries.

Executives

Elmas Hong Kong Limited	2301 Trustee
Prime Investments S.a.	2201 Interest of corporation controlled by you
Tse Tat Fung, Tommy	2202 Interest of your spouse
Yau On Yee, Annie	2202 Interest of your spouse
Blink Technology Limited	2201 Interest of corporation controlled by you
Partner Logistics Limited	2101 Beneficial owner
Rosy Blue Jewellery (hk) Limited	2201 Interest of corporation controlled by you
Rosy Blue Overseas Holdings Limited	2201 Interest of corporation controlled by you

Tse Sui Luen Jewellery (International) (HKSE:00417) Headlines

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