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State Energy Group International Assets Holdings's total inventories for the quarter that ended in Sep. 2023 was HK$131.2 Mil. State Energy Group International Assets Holdings's average total inventories from the quarter that ended in Mar. 2023 to the quarter that ended in Sep. 2023 was HK$119.9 Mil.
In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. State Energy Group International Assets Holdings's Net-Net Working Capital per share for the quarter that ended in Sep. 2023 was HK$0.01.
Days Inventory indicates the number of days of goods in sales that a company has in the inventory. State Energy Group International Assets Holdings's Days Inventory for the six months ended in Sep. 2023 was 303.93.
Inventory Turnover measures how fast the company turns over its inventory within a year. State Energy Group International Assets Holdings's Inventory Turnover for the quarter that ended in Sep. 2023 was 0.60.
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. State Energy Group International Assets Holdings's Inventory-to-Revenue for the quarter that ended in Sep. 2023 was 1.30.
The historical data trend for State Energy Group International Assets 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.
State Energy Group International Assets Holdings Annual Data | |||||||||||||||||||||
Trend | Mar14 | Mar15 | Mar16 | Mar17 | Mar18 | Mar19 | Mar20 | Mar21 | Mar22 | Mar23 | |||||||||||
Total Inventories | Get a 7-Day Free Trial | 16.00 | 21.55 | 27.33 | 39.05 | 108.64 |
State Energy Group International Assets Holdings Semi-Annual Data | ||||||||||||||||||||
Mar14 | Sep14 | Mar15 | Sep15 | Mar16 | Sep16 | Mar17 | Sep17 | Mar18 | Sep18 | Mar19 | Sep19 | Mar20 | Sep20 | Mar21 | Sep21 | Mar22 | Sep22 | Mar23 | Sep23 | |
Total Inventories | Get a 7-Day Free Trial | 32.24 | 39.05 | 83.86 | 108.64 | 131.18 |
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.
State Energy Group International Assets Holdings (HKSE:00918) 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.
State Energy Group International Assets 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) | ||
= | (43.972 | + | 0.75 * 151.625 | + | 0.5 * 131.183 | - | 207.774 |
- | 0 | - | 0) | / | 1114.07 | ||
= | 0.01 |
2. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
State Energy Group International Assets Holdings'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 |
= | 119.912 | / | 72.004 | * | 365 / 2 | |
= | 303.93 |
3. Inventory Turnover measures how fast the company turns over its inventory within a year.
State Energy Group International Assets 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 ) |
= | 72.004 | / | 119.912 | |
= | 0.60 |
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.
State Energy Group International Assets 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 ) |
= | 119.912 | / | 92.024 | |
= | 1.30 |
* 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.
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.
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