H World Group (BSP:H1TH34) Total Inventories : R$40 Mil (As of Dec. 2023)

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What is H World Group Total Inventories?

H World Group's total inventories for the quarter that ended in Dec. 2023 was R$40 Mil. H World Group's average total inventories from the quarter that ended in Sep. 2023 to the quarter that ended in Dec. 2023 was R$42 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. H World Group's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was R$-90.51.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. H World Group's Days Inventory for the three months ended in Dec. 2023 was 1.41.

Inventory Turnover measures how fast the company turns over its inventory within a year. H World Group's Inventory Turnover for the quarter that ended in Dec. 2023 was 64.92.

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. H World Group's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.01.

H World Group Total Inventories Historical Data

The historical data trend for H World 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.

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H World Group Total Inventories Chart

H World Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Inventories

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33.36

70.02

78.13

52.67

40.49

H World Group Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Total Inventories	Get a 7-Day Free Trial															52.67	47.62	44.05	43.99	40.49

H World 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.

H World Group (BSP:H1TH34) 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.

H World 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)
=	(6268.686	+	0.75 * 518.102	+	0.5 * 40.487	-	35191.793
-	0	-	78.23)	/	315.905
=	-90.51

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

H World Group's Days Inventory for the three 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
	=	42.237	/	2742.164	*	365 / 4
	=	1.41

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

H World 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 )
	=	2742.164	/	42.237
	=	64.92

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.

H World 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 )
	=	42.237	/	3831.893
	=	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.

H World Group Total Inventories Related Terms

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H World Group (BSP:H1TH34) Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » H World Group Ltd (BSP:H1TH34) » Definitions » Total Inventories

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Traded in Other Exchanges

HTHT:USA 01179:Hong Kong 0A2I:UK CL4:Germany

Address

No. 1299 Fenghua Road, Jiading District, Shanghai, CHN, 201803

Website

https://www.hworld.com

H World Group Ltd is a multi-brand hotel group in China with international operations. It operates in the leased, manachised, and franchised models. The company has two operating segments; legacy Huazhu and legacy DH. Its brand and product offering includes Economy hotel brands: HanTing Hotel, Ni Hao Hotel, Hi Inn, Elan Hotel, Zleep Hotels, and Ibis Hotel, Midscale hotel brands: JI Hotel, Orange Hotel, Starway Hotel and Ibis Styles Hotel, Upper midscale hotel brands: Crystal Orange Hotel, IntercityHotel, Manxin Hotel, Mercure Hotel, Madison Hotel, Novotel Hotel, CitiGO Hotel and MAXX by Steigenberger, Upscale hotel brands: Joya Hotel, Blossom House, Steigenberger Hotels & Resorts, Jaz in the City, and Grand Mercure; and Luxury hotel brand: Steigenberger Icon and Song Hotels.

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