Cosmos Machinery Enterprises (HKSE:00118) Total Inventories : HK$429 Mil (As of Jun. 2024)

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What is Cosmos Machinery Enterprises Total Inventories?

Cosmos Machinery Enterprises's total inventories for the quarter that ended in Jun. 2024 was HK$429 Mil. Cosmos Machinery Enterprises's average total inventories from the quarter that ended in Dec. 2023 to the quarter that ended in Jun. 2024 was HK$424 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Cosmos Machinery Enterprises's Net-Net Working Capital per share for the quarter that ended in Jun. 2024 was HK$0.14.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Cosmos Machinery Enterprises's Days Inventory for the six months ended in Jun. 2024 was 92.91.

Inventory Turnover measures how fast the company turns over its inventory within a year. Cosmos Machinery Enterprises's Inventory Turnover for the quarter that ended in Jun. 2024 was 1.96.

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. Cosmos Machinery Enterprises's Inventory-to-Revenue for the quarter that ended in Jun. 2024 was 0.42.

Cosmos Machinery Enterprises Total Inventories Historical Data

The historical data trend for Cosmos Machinery Enterprises'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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Cosmos Machinery Enterprises Total Inventories Chart

Cosmos Machinery Enterprises Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Inventories

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434.64

450.21

542.43

450.81

418.83

Cosmos Machinery Enterprises Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Total Inventories	Get a 7-Day Free Trial															519.05	450.81	456.67	418.83	428.94

Cosmos Machinery Enterprises 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.

Cosmos Machinery Enterprises (HKSE:00118) 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.

Cosmos Machinery Enterprises's Net-Net Working Capital Per Share for the quarter that ended in Jun. 2024 is

	Net-Net Working Capital Per Share (Q: Jun. 2024 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(634.339	+	0.75 * 497.126	+	0.5 * 428.938	-	988.547
-	0	-	116.036)	/	861.931
=	0.14

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

Cosmos Machinery Enterprises's Days Inventory for the six months ended in Jun. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jun. 2024 )	/	Cost of Goods Sold (Q: Jun. 2024 )	*	Days in Period
	=	423.8815	/	832.657	*	365 / 2
	=	92.91

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

Cosmos Machinery Enterprises's Inventory Turnover for the quarter that ended in Jun. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Jun. 2024 )	/	Average Total Inventories (Q: Jun. 2024 )
	=	832.657	/	423.8815
	=	1.96

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.

Cosmos Machinery Enterprises's Inventory to Revenue for the quarter that ended in Jun. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jun. 2024 )	/	Revenue (Q: Jun. 2024 )
	=	423.8815	/	1004.62
	=	0.42

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.

Cosmos Machinery Enterprises Total Inventories Related Terms

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Cosmos Machinery Enterprises Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Cosmos Machinery Enterprises Ltd (HKSE:00118) » Definitions » Total Inventories

Comparable Companies

Traded in Other Exchanges

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Address

No. 10 Cheung Yue Street, 10th Floor, Billion Plaza 2, Cheung Sha Wan, Kowloon, Hong Kong, HKG

Website

https://www.cosmel.com

Cosmos Machinery Enterprises Ltd is an investment holding company. The company operates in segments namely, trading of Industrial Consumables, Processing and Manufacturing of Plastic Products, Manufacturing of Machinery, Processing and Trading of Printed Circuit Boards, and Machinery Leasing. The company derives maximum revenue from the Machinery Leasing segment. The geographical segments of the company are Hong Kong, Mainland China, Other Asia-Pacific countries, North America, and Europe, of which the majority of its maximum revenue comes from Mainland China.

Executives

Saniwell Holding Inc.	2201 Interest of corporation controlled by you
Tang Yu, Freeman	2201 Interest of corporation controlled by you
Tang To	2201 Interest of corporation controlled by you
Friendchain Investments Limited	2201 Interest of corporation controlled by you
Codo Development Limited	2201 Interest of corporation controlled by you
Cosmos Machinery (holdings) Limited	2101 Beneficial owner
Tai Shing Agencies Limited	2101 Beneficial owner
China Resources Company Limited (formerly Known As China Resources National Corporation)
Law Kit Fong	2201 Interest of corporation controlled by you

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