Jiashili Group (HKSE:01285) Total Inventories : HK$189 Mil (As of Dec. 2023)

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What is Jiashili Group Total Inventories?

Jiashili Group's total inventories for the quarter that ended in Dec. 2023 was HK$189 Mil. Jiashili Group's average total inventories from the quarter that ended in Jun. 2023 to the quarter that ended in Dec. 2023 was HK$152 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Jiashili Group's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was HK$-2.08.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Jiashili Group's Days Inventory for the six months ended in Dec. 2023 was 40.41.

Inventory Turnover measures how fast the company turns over its inventory within a year. Jiashili Group's Inventory Turnover for the quarter that ended in Dec. 2023 was 4.52.

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. Jiashili Group's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.16.

Jiashili Group Total Inventories Historical Data

The historical data trend for Jiashili Group'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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Jiashili Group Total Inventories Chart

Jiashili Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Inventories

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80.91

115.56

128.32

127.92

188.98

Jiashili Group 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															128.32	121.63	127.92	115.90	188.98

Jiashili Group 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.

Jiashili Group (HKSE:01285) 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.

Jiashili Group'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)
=	(317.29	+	0.75 * 68.42	+	0.5 * 188.982	-	1287.136
-	0	-	40.069)	/	415
=	-2.08

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

Jiashili Group'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
	=	152.4405	/	688.456	*	365 / 2
	=	40.41

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

Jiashili Group'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 )
	=	688.456	/	152.4405
	=	4.52

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.

Jiashili Group'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 )
	=	152.4405	/	973.66
	=	0.16

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.

Jiashili Group Total Inventories Related Terms

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Jiashili Group (HKSE:01285) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Jiashili Group Ltd (HKSE:01285) » Definitions » Total Inventories

Traded in Other Exchanges

N/A

Address

No. 18 Gangkou Road, Changsha, Guangdong, Kaiping, CHN

Website

https://www.gdjsl.com

Jiashili Group Ltd is an investment holding company, which engages in the manufacture and sale of candy and biscuits in the People's Republic of China. The company offers Breakfast, Crisp, Sandwich, Wafers, Coarse grain series products and others, along with Soda biscuits, Cookies, Short biscuits, and Mooncakes. It is also involved in the wholesale and retail of pre-packaged food products. The group generates majority revenue from the sales of Breakfast biscuit series products. All of the group's operations are located in the PRC. It sells products in the PRC and also exports it to other countries.

Executives

Great Logistics Global Limited	2501 Other
Grand Wing Investments Limited	2201 Interest of corporation controlled by you
Intelligent Pro Investments Limited	2201 Interest of corporation controlled by you
Jade Isle Global Limited	2201 Interest of corporation controlled by you
Prestige Choice Investments (overseas) Limited	2201 Interest of corporation controlled by you
Kaiyuan Investments Limited	2101 Beneficial owner
Huang Cuihong	2202 Interest of your spouse
Huang Rujiao	2201 Interest of corporation controlled by you
Huang Rujun	2201 Interest of corporation controlled by you
Huang Xianming	2201 Interest of corporation controlled by you
Huang Xianxian	2201 Interest of corporation controlled by you
Central Huijin Investment Ltd.	2201 Interest of corporation controlled by you
Tai Fung Bank Limited	2106 Person having a security interest in shares
Zhong Guo Yin Xing Gu Fen You Xian Gong Si	2201 Interest of corporation controlled by you
Kaiyuan Investments Limited	2101 Beneficial owner

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