Liu Chong Hing Investment (HKSE:00194) Total Inventories : HK$1,308.1 Mil (As of Dec. 2023)

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What is Liu Chong Hing Investment Total Inventories?

Liu Chong Hing Investment's total inventories for the quarter that ended in Dec. 2023 was HK$1,308.1 Mil. Liu Chong Hing Investment's average total inventories from the quarter that ended in Jun. 2023 to the quarter that ended in Dec. 2023 was HK$1,562.9 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Liu Chong Hing Investment's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was HK$-4.06.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Liu Chong Hing Investment's Days Inventory for the six months ended in Dec. 2023 was 391.00.

Inventory Turnover measures how fast the company turns over its inventory within a year. Liu Chong Hing Investment's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.47.

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. Liu Chong Hing Investment's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 4.34.

Liu Chong Hing Investment Total Inventories Historical Data

The historical data trend for Liu Chong Hing Investment'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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Liu Chong Hing Investment Total Inventories Chart

Liu Chong Hing Investment Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Inventories

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1,607.00

1,624.24

1,820.71

1,863.15

1,308.05

Liu Chong Hing Investment 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															1,820.71	1,818.52	1,863.15	1,817.82	1,308.05

Liu Chong Hing Investment 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.

Liu Chong Hing Investment (HKSE:00194) 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.

Liu Chong Hing Investment'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)
=	(1216.789	+	0.75 * 32.103	+	0.5 * 1308.051	-	3393.13
-	0	-	37.794)	/	378.583
=	-4.06

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

Liu Chong Hing Investment'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
	=	1562.9365	/	729.496	*	365 / 2
	=	391.00

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

Liu Chong Hing Investment'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 )
	=	729.496	/	1562.9365
	=	0.47

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.

Liu Chong Hing Investment'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 )
	=	1562.9365	/	359.727
	=	4.34

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.

Liu Chong Hing Investment Total Inventories Related Terms

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Liu Chong Hing Investment (HKSE:00194) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Liu Chong Hing Investment Ltd (HKSE:00194) » Definitions » Total Inventories

Traded in Other Exchanges

N/A

Address

24 Des Voeux Road Central, 23rd Floor, Chong Hing Bank Centre, Hong Kong, HKG

Website

https://www.lchi.com.hk

Liu Chong Hing Investment Ltd is an investment holding company engaged in property investment and property development. It has six operating segments the Property Investment segment is engaged in the investment and leasing of properties; the Property Development segment is engaged in the development and sales of properties; the Property Management segment is engaged in the provision of property management services; Treasury Investment is engaged in dealing and investing in securities and other financial instruments; Trading and Manufacturing segment is engaged in the manufacture and wholesale of magnetic products; Hotel Operation segment is engaged in the operation and management of hotels, and it derives the maximum revenue from the Property investment segment.

Executives

Alba Holdings Limited	2101 Beneficial owner
Liu Lit Chi	2201 Interest of corporation controlled by you

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