Times China Holdings (FRA:T2H) Total Inventories : €8,079 Mil (As of Dec. 2023)

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What is Times China Holdings Total Inventories?

Times China Holdings's total inventories for the quarter that ended in Dec. 2023 was €8,079 Mil. Times China Holdings's average total inventories from the quarter that ended in Jun. 2023 to the quarter that ended in Dec. 2023 was €8,718 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Times China Holdings's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was €-5.29.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Times China Holdings's Days Inventory for the six months ended in Dec. 2023 was 1,339.25.

Inventory Turnover measures how fast the company turns over its inventory within a year. Times China Holdings's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.14.

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. Times China Holdings's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 6.13.

Times China Holdings Total Inventories Historical Data

The historical data trend for Times China 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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Times China Holdings Total Inventories Chart

Times China Holdings Annual Data

Trend

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Dec23

Total Inventories

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7,886.69

9,940.39

12,479.48

10,711.96

8,078.79

Times China Holdings 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															12,479.48	12,584.37	10,711.96	9,358.12	8,078.79

Times China 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.

Times China Holdings (FRA:T2H) 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.

Times China Holdings'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)
=	(222.546	+	0.75 * 108.78	+	0.5 * 8078.79	-	14184.78
-	0	-	1287.402)	/	2101.82
=	-5.29

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

Times China Holdings'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
	=	8718.4565	/	1188.063	*	365 / 2
	=	1,339.25

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

Times China Holdings'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 )
	=	1188.063	/	8718.4565
	=	0.14

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.

Times China Holdings'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 )
	=	8718.4565	/	1422.8
	=	6.13

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.

Times China Holdings Total Inventories Related Terms

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Times China Holdings (FRA:T2H) Business Description

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01233:Hong Kong

Address

410-412 Dongfeng Zhong Road, 36-38F, Times Property Center, Guangdong Province, Guangzhou, CHN, 510030

Website

https://www.timesgroup.cn

Times China Holdings Ltd is a real estate company. It is principal engaged in the development and management of residential, commercial properties, industrial parks and featured small towns. Geographically, the group expanded its business to Guangzhou, Foshan, Jiangmen, Dongguan, Huizhou, Zhuhai, Zhongshan, Qingyuan and Changsha, in which economies are well-developed, and holds around 79 projects in various stages. It operates in three segments: property development segment develops residential and commercial properties for sale, Urban redevelopment segment redevelops old towns, old factories, and old villages, and the Property leasing segment engages in the development, leasing, and subleasing of commercial properties owned by the company or third parties.

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