Heatec Jietong Holdings (SGX:5OR) Total Inventories : S$0.35 Mil (As of Jun. 2023)

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What is Heatec Jietong Holdings Total Inventories?

Heatec Jietong Holdings's total inventories for the quarter that ended in Jun. 2023 was S$0.35 Mil. Heatec Jietong Holdings's average total inventories from the quarter that ended in Dec. 2022 to the quarter that ended in Jun. 2023 was S$0.36 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Heatec Jietong Holdings's Net-Net Working Capital per share for the quarter that ended in Jun. 2023 was S$-0.03.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Heatec Jietong Holdings's Days Inventory for the six months ended in Jun. 2023 was 8.33.

Inventory Turnover measures how fast the company turns over its inventory within a year. Heatec Jietong Holdings's Inventory Turnover for the quarter that ended in Jun. 2023 was 21.90.

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. Heatec Jietong Holdings's Inventory-to-Revenue for the quarter that ended in Jun. 2023 was 0.03.

Heatec Jietong Holdings Total Inventories Historical Data

The historical data trend for Heatec Jietong 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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Heatec Jietong Holdings Total Inventories Chart

Heatec Jietong Holdings Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Total Inventories

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1.17

0.32

0.56

0.36

Heatec Jietong Holdings Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Total Inventories	Get a 7-Day Free Trial															0.54	0.36	0.36	0.36	0.35

Heatec Jietong 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.

Heatec Jietong Holdings (SGX:5OR) 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.

Heatec Jietong 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)
=	(1.485	+	0.75 * 6.963	+	0.5 * 0.353	-	12.027
-	0	-	0.498)	/	204.778
=	-0.03

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

Heatec Jietong 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
	=	0.3555	/	7.785	*	365 / 2
	=	8.33

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

Heatec Jietong 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 )
	=	7.785	/	0.3555
	=	21.90

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.

Heatec Jietong 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 )
	=	0.3555	/	11.751
	=	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.

Heatec Jietong Holdings Total Inventories Related Terms

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Heatec Jietong Holdings (SGX:5OR) Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Heatec Jietong Holdings Ltd (SGX:5OR) » Definitions » Total Inventories

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Address

No. 10 Tuas South Street 15, Singapore, SGP, 637076

Website

http://www.heatecholdings.com

Heatec Jietong Holdings Ltd is engaged in offering piping and heat exchanger services for the marine and oil and gas industries. The company's segments include Piping, Heat Exchangers, and Chemical cleaning. The Piping segment is engaged in the fabrication and installation of various types of piping. The Heat Exchanger segment, which derives the majority of revenue, engages in servicing and fabrication of heat exchangers. The Chemical cleaning segment is engaged in the provision of chemical cleaning services to ships and marine vessels. The Group's operations are carried out in Singapore.

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