Fu Shou Yuan International Group (HKSE:01448) Total Inventories : HK$610 Mil (As of Dec. 2023)

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What is Fu Shou Yuan International Group Total Inventories?

Fu Shou Yuan International Group's total inventories for the quarter that ended in Dec. 2023 was HK$610 Mil. Fu Shou Yuan International Group's average total inventories from the quarter that ended in Jun. 2023 to the quarter that ended in Dec. 2023 was HK$614 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Fu Shou Yuan International Group's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was HK$0.41.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Fu Shou Yuan International Group's Days Inventory for the six months ended in Dec. 2023 was 290.18.

Inventory Turnover measures how fast the company turns over its inventory within a year. Fu Shou Yuan International Group's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.63.

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. Fu Shou Yuan International Group's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.51.

Fu Shou Yuan International Group Total Inventories Historical Data

The historical data trend for Fu Shou Yuan International 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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Fu Shou Yuan International Group Total Inventories Chart

Fu Shou Yuan International Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Inventories

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535.30

595.40

666.71

624.20

610.32

Fu Shou Yuan International Group 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															666.71	651.53	624.20	616.97	610.32

Fu Shou Yuan International 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.

Fu Shou Yuan International Group (HKSE:01448) 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.

Fu Shou Yuan International 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)
=	(3543.531	+	0.75 * 152.159	+	0.5 * 610.319	-	2290.289
-	0	-	715.122)	/	2319.86
=	0.41

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

Fu Shou Yuan International Group'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
	=	613.645	/	385.932	*	365 / 2
	=	290.18

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

Fu Shou Yuan International 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 )
	=	385.932	/	613.645
	=	0.63

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.

Fu Shou Yuan International 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 )
	=	613.645	/	1206.971
	=	0.51

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.

Fu Shou Yuan International Group Total Inventories Related Terms

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Fu Shou Yuan International Group (HKSE:01448) Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Personal Services » Fu Shou Yuan International Group Ltd (HKSE:01448) » Definitions » Total Inventories

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FSHUF:USA

Address

No. 88 Cao Xi Road North, Room 1306, Sheng Ai Building, Xuhui District, Shanghai, CHN, 200030

Website

https://www.fsygroup.com

Fu Shou Yuan International Group Ltd is a personal services company that provides burial, funeral, and auxiliary services throughout China. The company derives the vast majority of its revenue from the provision of burial services. Within this business activity, Fu Shou Yuan generates most of its revenue from the sale of primarily customized, artistic, and traditional burial plots. The company also provides cemetery maintenance services for its portfolio of cemeteries within its burial services segment. The majority of Fu Shou Yuan's sales come from the Shanghai region, while the Liaoning province also contributes a sizable percentage of total revenue. Fu Shou Yuan's other divisions are involved in the acquisition and operation of funeral homes and the building of cremation machines.

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