Wealth Glory Holdings (HKSE:08269) Total Inventories : HK$3.40 Mil (As of Sep. 2023)

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What is Wealth Glory Holdings Total Inventories?

Wealth Glory Holdings's total inventories for the quarter that ended in Sep. 2023 was HK$3.40 Mil. Wealth Glory Holdings's average total inventories from the quarter that ended in Jun. 2023 to the quarter that ended in Sep. 2023 was HK$1.70 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Wealth Glory Holdings's Net-Net Working Capital per share for the quarter that ended in Sep. 2023 was HK$-0.01.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Wealth Glory Holdings's Days Inventory for the three months ended in Sep. 2023 was 37.30.

Inventory Turnover measures how fast the company turns over its inventory within a year. Wealth Glory Holdings's Inventory Turnover for the quarter that ended in Sep. 2023 was 2.45.

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. Wealth Glory Holdings's Inventory-to-Revenue for the quarter that ended in Sep. 2023 was 0.33.

Wealth Glory Holdings Total Inventories Historical Data

The historical data trend for Wealth Glory 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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Wealth Glory Holdings Total Inventories Chart

Wealth Glory Holdings Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Total Inventories

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0.89

0.77

3.74

3.41

3.63

Wealth Glory Holdings Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Total Inventories	Get a 7-Day Free Trial															3.59	-	3.63	-	3.40

Wealth Glory 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.

Wealth Glory Holdings (HKSE:08269) 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.

Wealth Glory Holdings's Net-Net Working Capital Per Share for the quarter that ended in Sep. 2023 is

	Net-Net Working Capital Per Share (Q: Sep. 2023 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(6.179	+	0.75 * 29.521	+	0.5 * 3.399	-	42.209
-	0	-	-0.037)	/	890.723
=	-0.01

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

Wealth Glory Holdings's Days Inventory for the three months ended in Sep. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2023 )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
	=	1.6995	/	4.158	*	365 / 4
	=	37.30

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

Wealth Glory Holdings's Inventory Turnover for the quarter that ended in Sep. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Sep. 2023 )	/	Average Total Inventories (Q: Sep. 2023 )
	=	4.158	/	1.6995
	=	2.45

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.

Wealth Glory Holdings's Inventory to Revenue for the quarter that ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2023 )	/	Revenue (Q: Sep. 2023 )
	=	1.6995	/	5.106
	=	0.33

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.

Wealth Glory Holdings Total Inventories Related Terms

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Wealth Glory Holdings (HKSE:08269) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Wealth Glory Holdings Ltd (HKSE:08269) » Definitions » Total Inventories

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Traded in Other Exchanges

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Address

70 Queen’s Road Central, Room 1104, Crawford House, Central, Hong Kong, HKG, +852 2548-1838

Website

http://www.wealthglory.com

Wealth Glory Holdings Ltd is engaged in the trading of natural resources and commodities. The company operates through four segments. The Natural resources and commodities segment is involved in the trading of natural resources and commodities, including iron ore concentrates, coal, and crude palm oil. The Money lending segment includes interest income from the money lending business. The Securities investment segment is involved in the investment in securities in Hong Kong. The Trading of Consumer Products segment is involved in the trading of trendy fashion merchandise and other consumer products. Its geographical segments are Hong Kong and China, of which the majority of its revenue comes from China. In the company's Securities Investment segment company is focuses on listed securities.

Executives

Shan Zumao

2202 Interest of your spouse

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