Shin Hwa World (HKSE:00582) Total Inventories : HK$507 Mil (As of Dec. 2023)

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What is Shin Hwa World Total Inventories?

Shin Hwa World's total inventories for the quarter that ended in Dec. 2023 was HK$507 Mil. Shin Hwa World's average total inventories from the quarter that ended in Jun. 2023 to the quarter that ended in Dec. 2023 was HK$534 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Shin Hwa World's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was HK$-0.29.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Shin Hwa World's Days Inventory for the six months ended in Dec. 2023 was 164.99.

Inventory Turnover measures how fast the company turns over its inventory within a year. Shin Hwa World's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.11.

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. Shin Hwa World's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.86.

Shin Hwa World Total Inventories Historical Data

The historical data trend for Shin Hwa World'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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Shin Hwa World Total Inventories Chart

Shin Hwa World Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Inventories

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1,295.75

1,068.76

787.71

621.43

507.23

Shin Hwa World 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															787.71	701.38	621.43	561.38	507.23

Shin Hwa World 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.

Shin Hwa World (HKSE:00582) 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.

Shin Hwa World'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)
=	(266.043	+	0.75 * 68.757	+	0.5 * 507.228	-	1795.347
-	0	-	0)	/	4226.25
=	-0.29

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

Shin Hwa World'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
	=	534.305	/	591.023	*	365 / 2
	=	164.99

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

Shin Hwa World'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 )
	=	591.023	/	534.305
	=	1.11

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.

Shin Hwa World'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 )
	=	534.305	/	618.174
	=	0.86

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.

Shin Hwa World Total Inventories Related Terms

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Shin Hwa World (HKSE:00582) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Shin Hwa World Ltd (HKSE:00582) » Definitions » Total Inventories

Comparable Companies

Traded in Other Exchanges

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Address

Nos. 168-200 Connaught Road Central, Units 1412-1413, 14th Floor, China Merchants Tower, Shun Tak Centre, Hong Kong, HKG

Website

http://www.shw.com.hk

Shin Hwa World Ltd is an investment holding company. The company's operating segment includes Integrated Resort Development, Gaming Business, and Property Development. It generates maximum revenue from the Integrated Resort Development segment, which develops and operates integrated leisure and entertainment resorts. Geographically, it derives revenue from South Korea.

Executives

Resplendence Investment Development Limited	2101 Beneficial owner
Zhang Tingting	2201 Interest of corporation controlled by you
Lam Pauline	2101 Beneficial owner
Wealth Millennium Limited	2101 Beneficial owner
Xu Ning	2202 Interest of your spouse
Yang Zhihui	2201 Interest of corporation controlled by you
Lan Ding Guo Ji You Xian Gong Si	2101 Beneficial owner
Tinmark Development Limited
Yao Jianhui

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