Lippo China Resources (HKSE:00156) Total Inventories : HK$24.0 Mil (As of Dec. 2023)

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What is Lippo China Resources Total Inventories?

Lippo China Resources's total inventories for the quarter that ended in Dec. 2023 was HK$24.0 Mil. Lippo China Resources's average total inventories from the quarter that ended in Jun. 2023 to the quarter that ended in Dec. 2023 was HK$23.6 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Lippo China Resources's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was HK$-0.81.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Lippo China Resources's Days Inventory for the six months ended in Dec. 2023 was 27.74.

Inventory Turnover measures how fast the company turns over its inventory within a year. Lippo China Resources's Inventory Turnover for the quarter that ended in Dec. 2023 was 6.58.

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. Lippo China Resources's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.06.

Lippo China Resources Total Inventories Historical Data

The historical data trend for Lippo China Resources'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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Lippo China Resources Total Inventories Chart

Lippo China Resources Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Dec21

Dec22

Dec23

Total Inventories

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11.35

10.39

18.70

25.20

23.96

Lippo China Resources Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Total Inventories	Get a 7-Day Free Trial															18.70	18.41	25.20	23.33	23.96

Lippo China Resources 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.

Lippo China Resources (HKSE:00156) 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.

Lippo China Resources'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)
=	(605.571	+	0.75 * 161.495	+	0.5 * 23.962	-	1151.807
-	0	-	328.762)	/	918.691
=	-0.81

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

Lippo China Resources'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
	=	23.648	/	155.603	*	365 / 2
	=	27.74

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

Lippo China Resources'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 )
	=	155.603	/	23.648
	=	6.58

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.

Lippo China Resources'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 )
	=	23.648	/	389.086
	=	0.06

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.

Lippo China Resources Total Inventories Related Terms

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Lippo China Resources (HKSE:00156) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » Lippo China Resources Ltd (HKSE:00156) » Definitions » Total Inventories

Comparable Companies

Traded in Other Exchanges

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Address

89 Queensway, 40th Floor, Tower Two, Lippo Centre, Hong Kong, HKG

Website

https://www.lcr.com.hk

Lippo China Resources Ltd is a Hong Kong-based investment holding company. The company along with its subsidiaries is principally engaged in the below segments: Property development, Food businesses, Healthcare services, Securities investment, Treasury investment, and Others. It derives a majority of the revenue from the Food business activity which includes the distribution of consumer food and non-food products, food manufacturing and retailing, the management of restaurants, and food court operations. The company operates in Hong Kong, Mainland China, the Republic of Singapore, the USA, Malaysia, and other countries, of which key revenue is generated from the Republic of Singapore.

Executives

Tai Tak Fung	2201 Interest of corporation controlled by you
Wu Mei Yung	2202 Interest of your spouse
Ever Media Limited	2101 Beneficial owner
Four Seas Enterprises (bvi) Limited	2201 Interest of corporation controlled by you
Four Seas Mercantile Holdings Limited	2201 Interest of corporation controlled by you
Hambali Aileen
Lippo Capital Group Limited
Lippo Capital Holdings Company Limited
Lippo Capital Limited
Lippo Limited
Pt Trijaya Utama Mandiri
Riady James Tjahaja
Skyscraper Realty Limited
Leonardi Shincee
Riady Stephen

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