Xingda International Holdings (HKSE:01899) Total Inventories : HK$988 Mil (As of Dec. 2023)

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What is Xingda International Holdings Total Inventories?

Xingda International Holdings's total inventories for the quarter that ended in Dec. 2023 was HK$988 Mil. Xingda International Holdings's average total inventories from the quarter that ended in Jun. 2023 to the quarter that ended in Dec. 2023 was HK$1,142 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Xingda International Holdings's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was HK$-5.68.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Xingda International Holdings's Days Inventory for the six months ended in Dec. 2023 was 38.90.

Inventory Turnover measures how fast the company turns over its inventory within a year. Xingda International Holdings's Inventory Turnover for the quarter that ended in Dec. 2023 was 4.69.

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. Xingda International Holdings's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.17.

Xingda International Holdings Total Inventories Historical Data

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

Xingda International Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Inventories

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943.61

917.15

1,659.64

1,319.03

988.39

Xingda 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															1,659.64	2,000.87	1,319.03	1,296.10	988.39

Xingda 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.

Xingda International Holdings (HKSE:01899) 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.

Xingda 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)
=	(2663.94	+	0.75 * 4522.37	+	0.5 * 988.386	-	13585.796
-	0	-	2399.716)	/	1660.31
=	-5.68

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

Xingda 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
	=	1142.242	/	5358.604	*	365 / 2
	=	38.90

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

Xingda 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 )
	=	5358.604	/	1142.242
	=	4.69

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.

Xingda 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 )
	=	1142.242	/	6641.853
	=	0.17

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.

Xingda International Holdings Total Inventories Related Terms

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Xingda International Holdings (HKSE:01899) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Xingda International Holdings Ltd (HKSE:01899) » Definitions » Total Inventories

Comparable Companies

Traded in Other Exchanges

XDH:Germany

Address

Yunling Road (East), Lane 599, 6th Floor, No. 20, Putuo District, Shanghai, CHN, 200062

Website

http://www.xingda.com.cn

Xingda International Holdings Ltd is an investment holding company engaged in manufacturing and trading Radial tire cords, Bead wires, and other wires. Its products cover Rubber reinforcement materials and Precision sawing wires, such as Steel cord, Tyre bead wires, and High-pressure hose wire. The company derives key revenue from the sale of Radial tire cords for trucks. The majority of its revenue is earned in the PRC.

Executives

Liu Jinlan	2501 Other
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Hang Youming	2501 Other
Liu Xiang	2501 Other
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Pandanus Partners L.p.	2201 Interest of corporation controlled by you
Fil Limited	2201 Interest of corporation controlled by you
Qing Dao Jian Xin Tou Zi You Xian Gong Si	2201 Interest of corporation controlled by you

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