Arts Optical International Holdings (HKSE:01120) Total Inventories : HK$181 Mil (As of Dec. 2023)

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What is Arts Optical International Holdings Total Inventories?

Arts Optical International Holdings's total inventories for the quarter that ended in Dec. 2023 was HK$181 Mil. Arts Optical International Holdings's average total inventories from the quarter that ended in Jun. 2023 to the quarter that ended in Dec. 2023 was HK$159 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Arts Optical International Holdings's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was HK$-0.59.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Arts Optical International Holdings's Days Inventory for the six months ended in Dec. 2023 was 67.47.

Inventory Turnover measures how fast the company turns over its inventory within a year. Arts Optical International Holdings's Inventory Turnover for the quarter that ended in Dec. 2023 was 2.71.

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. Arts Optical International Holdings's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.25.

Arts Optical International Holdings Total Inventories Historical Data

The historical data trend for Arts Optical International 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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Arts Optical International Holdings Total Inventories Chart

Arts Optical International Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Inventories

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141.36

129.12

179.23

129.90

181.37

Arts Optical International 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															179.23	151.49	129.90	136.62	181.37

Arts Optical International 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.

Arts Optical International Holdings (HKSE:01120) 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.

Arts Optical International 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)
=	(152.684	+	0.75 * 353.61	+	0.5 * 181.374	-	644.736
-	0	-	89.885)	/	386.263
=	-0.59

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

Arts Optical International 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
	=	158.995	/	430.093	*	365 / 2
	=	67.47

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

Arts Optical International 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 )
	=	430.093	/	158.995
	=	2.71

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.

Arts Optical International 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 )
	=	158.995	/	629.855
	=	0.25

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.

Arts Optical International Holdings Total Inventories Related Terms

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Arts Optical International Holdings (HKSE:01120) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Arts Optical International Holdings Ltd (HKSE:01120) » Definitions » Total Inventories

Comparable Companies

Traded in Other Exchanges

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Address

55 King Yip Street, King Palace Plaza, Units A to G, 32nd Floor, Kwun Tong, Kowloon, Hong Kong, HKG

Website

https://www.artsgroup.com

Arts Optical International Holdings Ltd is an investment holding company. Through its subsidiaries, it is engaged in the manufacturing and trading of prescription frames, sunglasses and optical lens as well as property holding. It operates in three divisions: Original design manufacturing, Distribution. and Lens division. The group is organized into four segments, which are sales of optical products to customers located in Europe, the United States, Asia, and other regions, of which the majority of the revenue is generated from Europe.

Executives

Ng Hoi Ying, Michael	2202 Interest of your spouse
Wu Zhihong	2101 Beneficial owner
Ng Kim Ying
Webb David Michael	2201 Interest of corporation controlled by you
Fmr Llc	2201 Interest of corporation controlled by you
Ratagan International Company Limited	2101 Beneficial owner
Hsbc International Trustee Limited	2301 Trustee

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