Sands China (Sands China) Total Inventories : $26 Mil (As of Dec. 2023)

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What is Sands China Total Inventories?

Sands China's total inventories for the quarter that ended in Dec. 2023 was $26 Mil. Sands China's average total inventories from the quarter that ended in Jun. 2023 to the quarter that ended in Dec. 2023 was $24 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Sands China's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-10.71.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Sands China's Days Inventory for the six months ended in Dec. 2023 was 2.89.

Inventory Turnover measures how fast the company turns over its inventory within a year. Sands China's Inventory Turnover for the quarter that ended in Dec. 2023 was 63.23.

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. Sands China's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.01.

Sands China Total Inventories Historical Data

The historical data trend for Sands China'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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Sands China Total Inventories Chart

Sands China Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Inventories

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16.00

15.00

19.00

26.00

Sands China Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Total Inventories	Get a 7-Day Free Trial															15.00	16.00	19.00	21.00	26.00

Sands China 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.

Sands China (OTCPK:SCHYY) 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.

Sands China'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)
=	(1361	+	0.75 * 296	+	0.5 * 26	-	10262
-	0	-	0)	/	809.338
=	-10.71

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

Sands China'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
	=	23.5	/	1486	*	365 / 2
	=	2.89

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

Sands China'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 )
	=	1486	/	23.5
	=	63.23

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.

Sands China'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 )
	=	23.5	/	3639
	=	0.01

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.

Sands China Total Inventories Related Terms

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Sands China (Sands China) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Sands China Ltd (OTCPK:SCHYY) » Definitions » Total Inventories

Comparable Companies

Traded in Other Exchanges

SCHYF:USA 01928:Hong Kong 599A:Germany

Address

Estrada da Baia de Nossa Senhora da Esperanca, The Venetian Macao, Executive Offices, L2, Taipa, MAC

Website

https://www.sandschina.com

Sands China operates integrated resorts and casinos in Macao. Its properties include Sands Macao, the Venetian Macao, the Plaza Macao, the Londoner, and the Parisian Macao. It has about 24% market share in the Macao gaming sector in terms of gross gaming revenue as of the prepandemic 2019 levels. Las Vegas Sands has a 70% stake in Sands China.