Carpenter Tan Holdings (HKSE:00837) Total Inventories : HK$271.4 Mil (As of Dec. 2023)

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What is Carpenter Tan Holdings Total Inventories?

Carpenter Tan Holdings's total inventories for the quarter that ended in Dec. 2023 was HK$271.4 Mil. Carpenter Tan Holdings's average total inventories from the quarter that ended in Jun. 2023 to the quarter that ended in Dec. 2023 was HK$256.2 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Carpenter Tan Holdings's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was HK$1.67.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Carpenter Tan Holdings's Days Inventory for the six months ended in Dec. 2023 was 441.14.

Inventory Turnover measures how fast the company turns over its inventory within a year. Carpenter Tan Holdings's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.41.

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. Carpenter Tan Holdings's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.96.

Carpenter Tan Holdings Total Inventories Historical Data

The historical data trend for Carpenter Tan 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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Carpenter Tan Holdings Total Inventories Chart

Carpenter Tan Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Inventories

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170.33

188.96

242.57

272.96

271.41

Carpenter Tan Holdings 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															242.57	236.40	272.96	241.09	271.41

Carpenter Tan 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.

Carpenter Tan Holdings (HKSE:00837) 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.

Carpenter Tan Holdings'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)
=	(412.771	+	0.75 * 7.446	+	0.5 * 271.406	-	133.762
-	0	-	4.483)	/	248.714
=	1.67

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

Carpenter Tan Holdings'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
	=	256.249	/	106.011	*	365 / 2
	=	441.14

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

Carpenter Tan Holdings'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 )
	=	106.011	/	256.249
	=	0.41

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.

Carpenter Tan Holdings'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 )
	=	256.249	/	265.694
	=	0.96

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.

Carpenter Tan Holdings Total Inventories Related Terms

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Carpenter Tan Holdings (HKSE:00837) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Carpenter Tan Holdings Ltd (HKSE:00837) » Definitions » Total Inventories

Comparable Companies

Traded in Other Exchanges

N/A

Address

1A-1L Tung Choi Street, Room 708, 7th Floor, Witty Commercial Building, Mong Kok, Kowloon, Hong Kong, CHN

Website

https://www.ctans.com

Carpenter Tan Holdings Ltd is engaged in the design, manufacture, and distribution of small wooden handicrafts and accessories. It is also engaged in the operation of retail shops for direct sale of the Group's products in Hong Kong. The company designs, manufactures and distributes small size wooden handicrafts and accessories, including wooden combs, wooden mirrors, wooden box set and other wooden accessories and adornments, under the brand name of Carpenter Tan; operates a franchise and distribution network primarily in the PRC; and operates retail shops for direct sale of the group's products in Hong Kong and the PRC. Its revenue and results from operations are mainly derived from activities in the PRC.

Executives

Fan Cheng Qin
Lead Charm Investments Limited
Tan Chuan Hua

Carpenter Tan Holdings (HKSE:00837) Headlines

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