E-Commodities Holdings (HKSE:01733) Total Inventories : HK$3,425 Mil (As of Dec. 2023)

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What is E-Commodities Holdings Total Inventories?

E-Commodities Holdings's total inventories for the quarter that ended in Dec. 2023 was HK$3,425 Mil. E-Commodities Holdings's average total inventories from the quarter that ended in Jun. 2023 to the quarter that ended in Dec. 2023 was HK$2,222 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. E-Commodities Holdings's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was HK$-1.17.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. E-Commodities Holdings's Days Inventory for the six months ended in Dec. 2023 was 20.58.

Inventory Turnover measures how fast the company turns over its inventory within a year. E-Commodities Holdings's Inventory Turnover for the quarter that ended in Dec. 2023 was 8.87.

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. E-Commodities Holdings's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.10.

E-Commodities Holdings Total Inventories Historical Data

The historical data trend for E-Commodities 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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E-Commodities Holdings Total Inventories Chart

E-Commodities Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Inventories

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1,387.41

681.53

2,401.51

1,749.32

3,424.96

E-Commodities 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															2,401.51	2,290.63	1,749.32	1,019.19	3,424.96

E-Commodities 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.

E-Commodities Holdings (HKSE:01733) 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.

E-Commodities 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)
=	(3366.118	+	0.75 * 1448.198	+	0.5 * 3424.955	-	8998.507
-	0	-	321.885)	/	2706
=	-1.17

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

E-Commodities 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
	=	2222.074	/	19701.284	*	365 / 2
	=	20.58

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

E-Commodities 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 )
	=	19701.284	/	2222.074
	=	8.87

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.

E-Commodities 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 )
	=	2222.074	/	22074.194
	=	0.10

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.

E-Commodities Holdings Total Inventories Related Terms

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E-Commodities Holdings (HKSE:01733) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Other Energy Sources » E-Commodities Holdings Ltd (HKSE:01733) » Definitions » Total Inventories

Traded in Other Exchanges

WWY1:Germany

Address

Room 706, Tower B, Tianrun Fortune Center, No. 58, Dongzongbu Hutong, Dongcheng District, Beijing, CHN, 100005

Website

http://www.e-comm.com

E-Commodities Holdings Ltd is a company principally engaged in the processing and trading of coking coal and other products and rendering of logistics services. The group has two business divisions. The processing and trading of coking coal and other products segment manages and operates coal processing plants and generates income from processing and trading of coking coal and other products to external customers. Rendering of integrated supply chain services segment constructs, manages and operates processing factories and logistics parks and generates income from rendering of warehousing. Majority of the firm's revenue comes from the processing and trading of coking coal and other products segment.

Executives

Bai Jianping	2201 Interest of corporation controlled by you
Famous Speech Limited	2401 A concert party to an agreement to buy shares
Wang Xingchun	2501 Other
Wang Yihan	2501 Other
Winsway Resources Holdings Limited	2401 A concert party to an agreement to buy shares
China Minmetals Corporation	2501 Other
China Minmetals Corporation Limited	2501 Other
China Minmetals H.k. (holdings) Ltd.	2201 Interest of corporation controlled by you
Magnificent Gardenia Limited	2401 A concert party to an agreement to buy shares
Minmetals International Trading Co., Pte. Ltd	2201 Interest of corporation controlled by you
Minmetals South-east Asia Corp. Pte. Ltd	2201 Interest of corporation controlled by you

E-Commodities Holdings (HKSE:01733) Headlines

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