Winshine Science Co (HKSE:00209) Total Inventories : HK$107.8 Mil (As of Jun. 2024)

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What is Winshine Science Co Total Inventories?

Winshine Science Co's total inventories for the quarter that ended in Jun. 2024 was HK$107.8 Mil. Winshine Science Co's average total inventories from the quarter that ended in Dec. 2023 to the quarter that ended in Jun. 2024 was HK$91.9 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Winshine Science Co's Net-Net Working Capital per share for the quarter that ended in Jun. 2024 was HK$-2.72.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Winshine Science Co's Days Inventory for the six months ended in Jun. 2024 was 89.63.

Inventory Turnover measures how fast the company turns over its inventory within a year. Winshine Science Co's Inventory Turnover for the quarter that ended in Jun. 2024 was 2.04.

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. Winshine Science Co's Inventory-to-Revenue for the quarter that ended in Jun. 2024 was 0.48.

Winshine Science Co Total Inventories Historical Data

The historical data trend for Winshine Science Co'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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Winshine Science Co Total Inventories Chart

Winshine Science Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Total Inventories

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93.36

113.86

81.97

75.97

79.01

Winshine Science Co Semi-Annual Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Total Inventories	Get a 7-Day Free Trial															81.97	109.83	75.97	107.77	79.01

Winshine Science Co 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.

Winshine Science Co (HKSE:00209) 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.

Winshine Science Co'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)
=	(16.137	+	0.75 * 124.794	+	0.5 * 107.768	-	497.441
-	0	-	-0.865)	/	122.357
=	-2.72

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

Winshine Science Co'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
	=	91.871	/	187.061	*	365 / 2
	=	89.63

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

Winshine Science Co'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 )
	=	187.061	/	91.871
	=	2.04

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.

Winshine Science Co'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 )
	=	91.871	/	191.131
	=	0.48

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.

Winshine Science Co Total Inventories Related Terms

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Winshine Science Co Business Description

Industry

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Address

168-200 Connaught Road Central, Room 907B, 9th Floor, China Merchants Tower, Shun Tak Centre, Hong Kong, HKG

Website

https://www.winshine.com

Winshine Science Co Ltd is an investment holding company. The company's segment includes Toys and Agricultural products. It generates maximum revenue from the Toys segment. The toys segment derives its revenue from manufacturing for the sale of toys. Agricultural products: this segment derives its revenue from planting agricultural products for sale. Its geographical segments are Hong Kong, PRC, China, the United States, Europe, Australia, Japan, and Korea, of which the majority of its revenue comes from the United States.

Executives

Hong Kong Huiheng Trading And Investment Co., Limited	2101 Beneficial owner
Jiang Qinghui	2201 Interest of corporation controlled by you
Wang Honggang	2101 Beneficial owner
Hurray Talent Investment Development Limited	2101 Beneficial owner
Li Zhonghai	2201 Interest of corporation controlled by you
Ma Wenya	2101 Beneficial owner
U Credit (hk) Limited	2106 Person having a security interest in shares
Csc Holdings Limited	2106 Person having a security interest in shares
Liu Lian	2201 Interest of corporation controlled by you
Richsun Investment Development Limited	2101 Beneficial owner
Csc Holdings Limited (formerly Known As "china Strategic Holdings Limited")	2106 Person having a security interest in shares
China Strategic Holdings Limited	2106 Person having a security interest in shares
Shen Jia	2101 Beneficial owner

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