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LX Technology Group (HKSE:02436) Total Inventories : HK$86 Mil (As of Dec. 2023)


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What is LX Technology Group Total Inventories?

LX Technology Group's total inventories for the quarter that ended in Dec. 2023 was HK$86 Mil. LX Technology Group's average total inventories from the quarter that ended in Jun. 2023 to the quarter that ended in Dec. 2023 was HK$95 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. LX Technology Group's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was HK$-1.13.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. LX Technology Group's Days Inventory for the six months ended in Dec. 2023 was 17.76.

Inventory Turnover measures how fast the company turns over its inventory within a year. LX Technology Group's Inventory Turnover for the quarter that ended in Dec. 2023 was 10.28.

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. LX Technology Group's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.09.

LX Technology Group Total Inventories Historical Data

The historical data trend for LX Technology Group'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.

* Premium members only.

LX Technology Group Total Inventories Chart

LX Technology Group Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Total Inventories
51.13 144.67 90.99 85.57 86.40

LX Technology Group Semi-Annual Data
Dec19 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Total Inventories Get a 7-Day Free Trial 90.99 73.97 85.57 103.71 86.40

LX Technology Group 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.

LX Technology Group  (HKSE:02436) 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.

LX Technology Group'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)
=(503.387+0.75 * 115.916+0.5 * 86.398-1029.56
-0-3.539)/353.259
=-1.13

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

LX Technology Group'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
=95.0515/976.721*365 / 2
=17.76

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

LX Technology Group'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 )
=976.721 / 95.0515
=10.28

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.

LX Technology Group'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 )
=95.0515 / 1061.733
=0.09

* 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.

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.

LX Technology Group Total Inventories Related Terms

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LX Technology Group (HKSE:02436) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Hardware » LX Technology Group Ltd (HKSE:02436) » Definitions » Total Inventories
Comparable Companies
HKSE:03336 HKSE:01263 HKSE:06939 HKSE:03638 HKSE:02028 HKSE:01079 ANET DELL SZSE:002415 HPQ TSE:7751 TPE:2382 SHSE:688041 NTAP STX HKSE:00992 WDC SMCI XSWX:LOGN PSTG
Traded in Other Exchanges
N/A
Address
10 Kaifeng Road, Meilin Street, 501, 5th Floor Cuilin Building, International financial technology city, Maling District, Futian District, Shenzhen, CHN
Website
https://www.bearrental.com
LX Technology Group Ltd is a device as a service provider in China. It is principally engaged in the sales of refurbished de-commissioned IT devices to, among others, resellers of IT devices, and the provision of the device and IT technical subscription services to SMEs in China. The segments of the company are the Device recycling business and Device subscription services, from which the company earns maximum revenue from the Device recycling business.
Executives
Lx Brothers Technology Limited 2101 Beneficial owner
Zhong Xiao Qi Ye Fa Zhan Ji Jin Shen Zhen Nan Shan You Xian He Huo 2201 Interest of corporation controlled by you
Shen Zhen Shi Fu Hai Zhong Xiao Qi Ye Fa Zhan Ji Jin Gu Quan Tou Zi Guan Li You Xian Gong Si 2201 Interest of corporation controlled by you
Shang Hai Yu Jun Qi Ye Guan Li He Huo Qi Ye You Xian He Huo 2101 Beneficial owner
Shang Hai Tong Yun Xin Xi Ji Shu He Huo Qi Ye You Xian He Huo 2201 Interest of corporation controlled by you
Shen Zhen Shi Da Chen Cai Zhi Chuang Ye Tou Zi Guan Li You Xian Gong Si 2201 Interest of corporation controlled by you
Hu Nan Dian Guang Chuan Mei Gu Fen You Xian Gong Si 2201 Interest of corporation controlled by you
Shen Zhen Shi Dong Fang Fu Hai Tou Zi Guan Li Gu Fen You Xian Gong Si 2201 Interest of corporation controlled by you
Ubs Trustees (b.v.i.) Limited 2301 Trustee
Chen Wei 2201 Interest of corporation controlled by you
Hu Zuoxiong 2201 Interest of corporation controlled by you
Beauty Bear Technology Limited 2101 Beneficial owner
Tigris Innovation Limited 2101 Beneficial owner
Max Smart Limited 2201 Interest of corporation controlled by you
Liu Qiangdong Richard 2305 Beneficiary of a trust

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