Vanov Holdings Co (HKSE:02260) Total Inventories : HK$20.9 Mil (As of Dec. 2023)

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What is Vanov Holdings Co Total Inventories?

Vanov Holdings Co's total inventories for the quarter that ended in Dec. 2023 was HK$20.9 Mil. Vanov Holdings Co's average total inventories from the quarter that ended in Jun. 2023 to the quarter that ended in Dec. 2023 was HK$25.4 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Vanov Holdings Co's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was HK$-0.45.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Vanov Holdings Co's Days Inventory for the six months ended in Dec. 2023 was 63.25.

Inventory Turnover measures how fast the company turns over its inventory within a year. Vanov Holdings Co's Inventory Turnover for the quarter that ended in Dec. 2023 was 2.89.

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. Vanov Holdings Co's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.15.

Vanov Holdings Co Total Inventories Historical Data

The historical data trend for Vanov Holdings 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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Vanov Holdings Co Total Inventories Chart

Vanov Holdings Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Inventories

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12.53

11.90

14.58

19.36

20.92

Vanov Holdings Co Semi-Annual Data
	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Total Inventories	Get a 7-Day Free Trial					14.58	25.30	19.36	29.89	20.92

Vanov Holdings 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.

Vanov Holdings Co (HKSE:02260) 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.

Vanov Holdings Co'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)
=	(86.913	+	0.75 * 190.089	+	0.5 * 20.916	-	452.877
-	0	-	3.667)	/	483.442
=	-0.45

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

Vanov Holdings Co'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
	=	25.4005	/	73.286	*	365 / 2
	=	63.25

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

Vanov Holdings Co'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 )
	=	73.286	/	25.4005
	=	2.89

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.

Vanov Holdings Co'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 )
	=	25.4005	/	164.974
	=	0.15

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.

Vanov Holdings Co Total Inventories Related Terms

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Vanov Holdings Co (HKSE:02260) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » Vanov Holdings Co Ltd (HKSE:02260) » Definitions » Total Inventories

Traded in Other Exchanges

N/A

Address

No. 519, Section 2, Xinhua Avenue, Chengdu Strait Science and Technology, Industry Development Park, Sichuan Province, Wenjiang District, Chengdu, CHN

Website

http://www.canov.cn

Vanov Holdings Co Ltd is an investment holding company and its subsidiaries are principally engaged in the design, manufacture and sales of papermaking felts. The company has its variety of products which includes Packaging papermaking felts, Specialty papermaking felts, Printing papermaking felts, Printing papermaking felts, Pulp papermaking felts. The company generates majority of its revenue from The PRC region.

Executives

Shen Genlian	2307 Founder of a discretionary trust who can infl
Vistra Trust (singapore) Pte. Limited	2301 Trustee
Zhou Jun	2202 Interest of your spouse
Perfect Angle Limited	2101 Beneficial owner
Wonderful Advisor Limited

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