Neo-Concept International Group Holdings (Neo-Concept International Group Holdings) Total Inventories : $0.34 Mil (As of Jun. 2023)

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What is Neo-Concept International Group Holdings Total Inventories?

Neo-Concept International Group Holdings's total inventories for the quarter that ended in Jun. 2023 was $0.34 Mil. Neo-Concept International Group Holdings's average total inventories from the quarter that ended in Dec. 2022 to the quarter that ended in Jun. 2023 was $0.25 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Neo-Concept International Group Holdings's Net-Net Working Capital per share for the quarter that ended in Jun. 2023 was $-0.57.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Neo-Concept International Group Holdings's Days Inventory for the six months ended in Jun. 2023 was 5.53.

Inventory Turnover measures how fast the company turns over its inventory within a year. Neo-Concept International Group Holdings's Inventory Turnover for the quarter that ended in Jun. 2023 was 32.98.

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. Neo-Concept International Group Holdings's Inventory-to-Revenue for the quarter that ended in Jun. 2023 was 0.03.

Neo-Concept International Group Holdings Total Inventories Historical Data

The historical data trend for Neo-Concept International Group 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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Neo-Concept International Group Holdings Total Inventories Chart

Neo-Concept International Group Holdings Annual Data

Trend

Dec20

Dec21

Dec22

Total Inventories

0.17

0.09

0.17

Neo-Concept International Group Holdings Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Total Inventories	Get a 7-Day Free Trial			-	0.09	0.05	0.17	0.34

Neo-Concept International Group 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.

Neo-Concept International Group Holdings (NAS:NCI) 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.

Neo-Concept International Group Holdings's Net-Net Working Capital Per Share for the quarter that ended in Jun. 2023 is

	Net-Net Working Capital Per Share (Q: Jun. 2023 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(0.335	+	0.75 * 1.63	+	0.5 * 0.342	-	13.235
-	0	-	0)	/	20.32
=	-0.57

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

Neo-Concept International Group Holdings's Days Inventory for the six months ended in Jun. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jun. 2023 )	/	Cost of Goods Sold (Q: Jun. 2023 )	*	Days in Period
	=	0.2545	/	8.394	*	365 / 2
	=	5.53

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

Neo-Concept International Group Holdings's Inventory Turnover for the quarter that ended in Jun. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Jun. 2023 )	/	Average Total Inventories (Q: Jun. 2023 )
	=	8.394	/	0.2545
	=	32.98

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.

Neo-Concept International Group Holdings's Inventory to Revenue for the quarter that ended in Jun. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jun. 2023 )	/	Revenue (Q: Jun. 2023 )
	=	0.2545	/	9.947
	=	0.03

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.

Neo-Concept International Group Holdings Total Inventories Related Terms

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Neo-Concept International Group Holdings (Neo-Concept International Group Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Neo-Concept International Group Holdings Ltd (NAS:NCI) » Definitions » Total Inventories

Comparable Companies

Traded in Other Exchanges

N/A

Address

10th floor, Seaview Centre, No.139-141 Hoi Bun Road, Kwun Tong, Kowloon, HKG

Website

https://www.neo-ig.com

Neo-Concept International Group Holdings Ltd is a company whose a one-stop apparel solution services provider. They offer a full suite of services in the apparel supply chain, including market trend analysis, product design and development, raw material sourcing, production and quality control, and logistics management serving customers located in the European, and North American markets through Neo-Concept HK.

Neo-Concept International Group Holdings (Neo-Concept International Group Holdings) Headlines

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