International Housewares Retail Co (HKSE:01373) Total Inventories : HK$385 Mil (As of Oct. 2023)

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What is International Housewares Retail Co Total Inventories?

International Housewares Retail Co's total inventories for the quarter that ended in Oct. 2023 was HK$385 Mil. International Housewares Retail Co's average total inventories from the quarter that ended in Apr. 2023 to the quarter that ended in Oct. 2023 was HK$373 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. International Housewares Retail Co's Net-Net Working Capital per share for the quarter that ended in Oct. 2023 was HK$-0.53.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. International Housewares Retail Co's Days Inventory for the six months ended in Oct. 2023 was 96.64.

Inventory Turnover measures how fast the company turns over its inventory within a year. International Housewares Retail Co's Inventory Turnover for the quarter that ended in Oct. 2023 was 1.89.

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. International Housewares Retail Co's Inventory-to-Revenue for the quarter that ended in Oct. 2023 was 0.28.

International Housewares Retail Co Total Inventories Historical Data

The historical data trend for International Housewares Retail Co'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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International Housewares Retail Co Total Inventories Chart

International Housewares Retail Co Annual Data

Trend

Apr14

Apr15

Apr16

Apr17

Apr18

Apr19

Apr20

Apr21

Apr22

Apr23

Total Inventories

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288.30

335.90

374.83

375.29

360.19

International Housewares Retail Co Semi-Annual Data
	Apr14	Oct14	Apr15	Oct15	Apr16	Oct16	Apr17	Oct17	Apr18	Oct18	Apr19	Oct19	Apr20	Oct20	Apr21	Oct21	Apr22	Oct22	Apr23	Oct23
Total Inventories	Get a 7-Day Free Trial															355.47	375.29	372.50	360.19	385.04

International Housewares Retail Co 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.

International Housewares Retail Co (HKSE:01373) 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.

International Housewares Retail Co's Net-Net Working Capital Per Share for the quarter that ended in Oct. 2023 is

	Net-Net Working Capital Per Share (Q: Oct. 2023 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(318.775	+	0.75 * 6.283	+	0.5 * 385.04	-	895.071
-	0	-	3.746)	/	719.918
=	-0.53

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

International Housewares Retail Co's Days Inventory for the six months ended in Oct. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Oct. 2023 )	/	Cost of Goods Sold (Q: Oct. 2023 )	*	Days in Period
	=	372.614	/	703.666	*	365 / 2
	=	96.64

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

International Housewares Retail Co's Inventory Turnover for the quarter that ended in Oct. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Oct. 2023 )	/	Average Total Inventories (Q: Oct. 2023 )
	=	703.666	/	372.614
	=	1.89

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.

International Housewares Retail Co's Inventory to Revenue for the quarter that ended in Oct. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Oct. 2023 )	/	Revenue (Q: Oct. 2023 )
	=	372.614	/	1322.485
	=	0.28

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.

International Housewares Retail Co Total Inventories Related Terms

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International Housewares Retail Co (HKSE:01373) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » International Housewares Retail Co Ltd (HKSE:01373) » Definitions » Total Inventories

Comparable Companies

Traded in Other Exchanges

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Address

Southmark, 11 Yip Hing Street, 20th Floor, Tower B, Wong Chuk Hang, Hong Kong, HKG

Website

http://www.ihr.com.hk

International Housewares Retail Co Ltd and its subsidiaries are houseware retail chains in Hong Kong, Singapore, and Macau. The group offers houseware products through a retail network comprising stores in Hong Kong, Singapore, Macau, Cambodia, East Malaysia, Saudi Arabia and Australia under brands including Japan Home Centre, City Life, Epo gifts and stationery, 123 by ELLA, and Japan Home. The group has reportable operating segments namely Retail, Wholesales, Licensing and others. Hong Kong is the key market of the group, accounting for majorly of its total revenue. It generates the majority of its revenue from the Retail segment.

Executives

Lau Pak Fai Peter	2101 Beneficial owner
Webb David Michael	2201 Interest of corporation controlled by you
Ngai Lai Ha	2101 Beneficial owner

International Housewares Retail Co (HKSE:01373) Headlines

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