Yihai International Holdings (HKSE:01579) Total Inventories : HK$405 Mil (As of Dec. 2023)

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What is Yihai International Holdings Total Inventories?

Yihai International Holdings's total inventories for the quarter that ended in Dec. 2023 was HK$405 Mil. Yihai International Holdings's average total inventories from the quarter that ended in Jun. 2023 to the quarter that ended in Dec. 2023 was HK$344 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Yihai International Holdings's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was HK$1.72.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Yihai International Holdings's Days Inventory for the six months ended in Dec. 2023 was 24.06.

Inventory Turnover measures how fast the company turns over its inventory within a year. Yihai International Holdings's Inventory Turnover for the quarter that ended in Dec. 2023 was 7.58.

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. Yihai International Holdings's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.09.

Yihai International Holdings Total Inventories Historical Data

The historical data trend for Yihai 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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Yihai International Holdings Total Inventories Chart

Yihai International Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Inventories

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330.86

481.33

484.01

432.71

405.28

Yihai International Holdings Semi-Annual Data
	Dec13	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															484.01	473.87	432.71	283.72	405.28

Yihai 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.

Yihai International Holdings (HKSE:01579) 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.

Yihai 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)
=	(2725.041	+	0.75 * 282.332	+	0.5 * 405.28	-	1055.527
-	0	-	296.94)	/	1036.7
=	1.72

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

Yihai 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
	=	344.4995	/	2612.635	*	365 / 2
	=	24.06

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

Yihai 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 )
	=	2612.635	/	344.4995
	=	7.58

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.

Yihai 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 )
	=	344.4995	/	3862.513
	=	0.09

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.

Yihai International Holdings Total Inventories Related Terms

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Yihai International Holdings (HKSE:01579) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Yihai International Holdings Ltd (HKSE:01579) » Definitions » Total Inventories

Traded in Other Exchanges

YNNHF:USA YIR:Germany

Address

No. 2500 Zhenbei Road, Room 1810, Putuo District, Shanghai, CHN, 200062

Website

http://www.yihchina.com

Yihai International Holdings Ltd is a compound condiment manufacturer in China. The product portfolio of the company includes Hotpot soup flavoring, Hotpot dipping sauce products, Chinese-style compound condiment products, Self-serving small hotpot products, and others. It generates a majority of its revenue from Hotpot soup flavoring products. It also provides other products such as Thirteen Kinds of Spices Crayfish Seasoner, Minced Garlic Crayfish Seasoner, Spicy Boiled Fish Seasoner, and others. Geographically, the company generates a majority of its revenue from the People's Republic of China.

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