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China Resources Beer (Holdings) Co (China Resources Beer (Holdings) Co) Total Inventories : $1,331 Mil (As of Dec. 2023)


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What is China Resources Beer (Holdings) Co Total Inventories?

China Resources Beer (Holdings) Co's total inventories for the quarter that ended in Dec. 2023 was $1,331 Mil. China Resources Beer (Holdings) Co's average total inventories from the quarter that ended in Jun. 2023 to the quarter that ended in Dec. 2023 was $1,300 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. China Resources Beer (Holdings) Co's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-1.33.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. China Resources Beer (Holdings) Co's Days Inventory for the six months ended in Dec. 2023 was 170.31.

Inventory Turnover measures how fast the company turns over its inventory within a year. China Resources Beer (Holdings) Co's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.07.

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. China Resources Beer (Holdings) Co's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.62.


China Resources Beer (Holdings) Co Total Inventories Historical Data

The historical data trend for China Resources Beer (Holdings) Co'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.

* Premium members only.

China Resources Beer (Holdings) Co Total Inventories Chart

China Resources Beer (Holdings) Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Total Inventories
Get a 7-Day Free Trial Premium Member Only Premium Member Only 858.04 919.67 1,013.93 1,061.72 1,330.78

China Resources Beer (Holdings) Co 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1,013.93 896.02 1,061.72 1,269.86 1,330.78

China Resources Beer (Holdings) Co 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.


China Resources Beer (Holdings) Co  (OTCPK:CRHKF) 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.

China Resources Beer (Holdings) Co'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)
=(773.088+0.75 * 17.366+0.5 * 1330.775-5230.946
-0-543.262)/3244
=-1.33

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

China Resources Beer (Holdings) Co'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
=1300.319/1393.379*365 / 2
=170.31

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

China Resources Beer (Holdings) Co'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 )
=1393.379 / 1300.319
=1.07

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.

China Resources Beer (Holdings) Co'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 )
=1300.319 / 2109.325
=0.62

* 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.


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.


China Resources Beer (Holdings) Co Total Inventories Related Terms

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China Resources Beer (Holdings) Co (China Resources Beer (Holdings) Co) Business Description

Traded in Other Exchanges
Address
No. 26 Harbour Road, Room 2301 and 2310, 23rd Floor, China Resources Building, Wanchai, Hong Kong, HKG
China Resources Beer, or CR Beer, was originally a conglomerate enterprise with operations across retail, beer, food and beverage sectors. In September 2015, the company disposed of all its non-beer businesses and became a pure beer producer. Through a series of mergers and acquisitions, the company retains its leadership position in China's beer industry. Amid the premiumization trend in the domestic beer market, CR beer acquired Heineken China in 2019, which allows CR Beer access to a premium international brand and also leverages its sophisticated distribution network to grow Heineken's sales and market share. CR Beer is now China's largest brewer, with a volume share of about 24%, versus 18% of Tsingtao and 16% of Budweiser APAC, based on Euromonitor data.

China Resources Beer (Holdings) Co (China Resources Beer (Holdings) Co) Headlines

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