Deewin Tianxia Co (HKSE:02418) Total Inventories : HK$48 Mil (As of Dec. 2023)

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What is Deewin Tianxia Co Total Inventories?

Deewin Tianxia Co's total inventories for the quarter that ended in Dec. 2023 was HK$48 Mil. Deewin Tianxia Co's average total inventories from the quarter that ended in Jun. 2023 to the quarter that ended in Dec. 2023 was HK$75 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Deewin Tianxia Co's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was HK$-2.08.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Deewin Tianxia Co's Days Inventory for the six months ended in Dec. 2023 was 9.30.

Inventory Turnover measures how fast the company turns over its inventory within a year. Deewin Tianxia Co's Inventory Turnover for the quarter that ended in Dec. 2023 was 19.63.

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. Deewin Tianxia Co's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.04.

Deewin Tianxia Co Total Inventories Historical Data

The historical data trend for Deewin Tianxia 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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Deewin Tianxia Co Total Inventories Chart

Deewin Tianxia Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Total Inventories

99.90

96.73

224.65

126.41

48.01

Deewin Tianxia Co Semi-Annual Data
	Dec19	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Total Inventories	Get a 7-Day Free Trial			224.65	166.47	126.41	101.47	48.01

Deewin Tianxia 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.

Deewin Tianxia Co (HKSE:02418) 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.

Deewin Tianxia 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)
=	(1191.324	+	0.75 * 857.811	+	0.5 * 48.014	-	6437.483
-	0	-	-0.999)	/	2197.32
=	-2.08

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

Deewin Tianxia 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
	=	74.7425	/	1466.903	*	365 / 2
	=	9.30

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

Deewin Tianxia 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 )
	=	1466.903	/	74.7425
	=	19.63

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.

Deewin Tianxia 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 )
	=	74.7425	/	1751.528
	=	0.04

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.

Deewin Tianxia Co Total Inventories Related Terms

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Deewin Tianxia Co (HKSE:02418) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Deewin Tianxia Co Ltd (HKSE:02418) » Definitions » Total Inventories

Comparable Companies

Traded in Other Exchanges

N/A

Address

29 West Section of Xijin Road, Building 1, Jingwei Centre, 16th Floor, Unit 1, Economic and Technological Development Zone, Jingwei New City, Shaanxi, Xi’an, CHN

Website

http://www.deewintx.com

Deewin Tianxia Co Ltd is principally engaged in the business of logistics and supply chain service including supply chain business, automobile sales business and aftermarket product business, supply chain financial service including financial leasing business, factoring business and insurance brokerage business, and internet of vehicle and data service in China to players along the commercial automobile industry chain. Commercial automobiles, mainly include trucks, pickups, trailers, buses and lorries.

Executives

Jian Xin Xin Tuo Jian Hang Hao Dan Yi Zi Jin Xin Tuo Ji Hua
Hai Nan Tian Kun Tian Zhi Si Mu Gu Quan Tou Zi Ji Jin He Huo Qi Ye You Xian He Huo	2101 Beneficial owner
Hai Nan Tian Kun Si Mu Gu Quan Tou Zi Ji Jin Guan Li You Xian Gong Si	2201 Interest of corporation controlled by you
Shang Hai Guo Ji Xin Tuo You Xian Gong Si	2301 Trustee
Guo Tou Tai Kang Xin Tuo You Xian Gong Si	2301 Trustee
Hwabao Trust Co., Ltd	2301 Trustee
Shan Xi Qi Che Kong Gu Ji Tuan You Xian Gong Si
Shan Xi Qi Che Ji Tuan Gu Fen You Xian Gong Si
Shan Xi Zhong Xing Qi Che You Xian Gong Si

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