Horizon Construction Development (FRA:B7H) Total Inventories : €32 Mil (As of Dec. 2024)

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What is Horizon Construction Development Total Inventories?

Horizon Construction Development's total inventories for the quarter that ended in Dec. 2024 was €32 Mil. Horizon Construction Development's average total inventories from the quarter that ended in Jun. 2024 to the quarter that ended in Dec. 2024 was €28 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Horizon Construction Development's Net-Net Working Capital per share for the quarter that ended in Dec. 2024 was €-0.77.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Horizon Construction Development's Days Inventory for the six months ended in Dec. 2024 was 8.72.

Inventory Turnover measures how fast the company turns over its inventory within a year. Horizon Construction Development's Inventory Turnover for the quarter that ended in Dec. 2024 was 20.92.

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. Horizon Construction Development's Inventory-to-Revenue for the quarter that ended in Dec. 2024 was 0.03.

Horizon Construction Development Total Inventories Historical Data

The historical data trend for Horizon Construction Development'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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Horizon Construction Development Total Inventories Chart

Horizon Construction Development Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Dec24

Total Inventories

20.84

40.49

25.22

21.86

32.15

Horizon Construction Development Semi-Annual Data
	Dec20	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Total Inventories	Get a 7-Day Free Trial			25.22	23.49	21.86	24.18	32.15

Horizon Construction Development 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.

Horizon Construction Development (FRA:B7H) 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.

Horizon Construction Development's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2024 is

	Net-Net Working Capital Per Share (Q: Dec. 2024 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(233.929	+	0.75 * 770.082	+	0.5 * 32.151	-	3276.047
-	0	-	0)	/	3197.244
=	-0.77

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

Horizon Construction Development's Days Inventory for the six months ended in Dec. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2024 )	/	Cost of Goods Sold (Q: Dec. 2024 )	*	Days in Period
	=	28.1675	/	589.39	*	365 / 2
	=	8.72

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

Horizon Construction Development's Inventory Turnover for the quarter that ended in Dec. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Dec. 2024 )	/	Average Total Inventories (Q: Dec. 2024 )
	=	589.39	/	28.1675
	=	20.92

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.

Horizon Construction Development's Inventory to Revenue for the quarter that ended in Dec. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2024 )	/	Revenue (Q: Dec. 2024 )
	=	28.1675	/	879.964
	=	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.

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Horizon Construction Development Business Description

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Traded in Other Exchanges

09930:Hong Kong

Address

200 Xichang Road, No. 5, 6-610, Building 2, Minghai Center, Tianjin Pilot Free Trade Zone, Dongjiang Bonded Port Area, Tianjin, CHN

Website

http://www.hongxinjianfa.com

Horizon Construction Development Ltd is an equipment operation service provider. The company's services include a nationwide operation network and one-stop equipment services including engineering construction, equipment leasing, equipment sales, spare parts sales, maintenance and manufacturing, and second-hand disposal. The company has three reportable operating segments, Operating lease services, Engineering and technical services, and Platform and other services. A majority of its revenue is generated from the Operating lease services segment which is engaged in leasing of equipment and materials to customers and generating revenue mainly from rental fees payable by customers.

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