Sipai Health Technology Co (HKSE:00314) Total Inventories : HK$350 Mil (As of Jun. 2024)

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What is Sipai Health Technology Co Total Inventories?

Sipai Health Technology Co's total inventories for the quarter that ended in Jun. 2024 was HK$350 Mil. Sipai Health Technology Co's average total inventories from the quarter that ended in Dec. 2023 to the quarter that ended in Jun. 2024 was HK$310 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Sipai Health Technology Co's Net-Net Working Capital per share for the quarter that ended in Jun. 2024 was HK$-0.04.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Sipai Health Technology Co's Days Inventory for the six months ended in Jun. 2024 was 24.60.

Inventory Turnover measures how fast the company turns over its inventory within a year. Sipai Health Technology Co's Inventory Turnover for the quarter that ended in Jun. 2024 was 7.42.

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. Sipai Health Technology Co's Inventory-to-Revenue for the quarter that ended in Jun. 2024 was 0.12.

Sipai Health Technology Co Total Inventories Historical Data

The historical data trend for Sipai Health Technology 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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Sipai Health Technology Co Total Inventories Chart

Sipai Health Technology Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Total Inventories

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331.84

329.43

313.05

269.13

206.62

Sipai Health Technology Co Semi-Annual Data
	Dec19	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Total Inventories	Get a 7-Day Free Trial					313.05	320.87	269.13	350.42	206.62

Sipai Health Technology 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.

Sipai Health Technology Co (HKSE:00314) 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.

Sipai Health Technology 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)
=	(1028.167	+	0.75 * 391.404	+	0.5 * 350.417	-	1512.246
-	0	-	16.622)	/	762.691
=	-0.04

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

Sipai Health Technology 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
	=	309.775	/	2298.258	*	365 / 2
	=	24.60

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

Sipai Health Technology 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 )
	=	2298.258	/	309.775
	=	7.42

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.

Sipai Health Technology 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 )
	=	309.775	/	2544.712
	=	0.12

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.

Sipai Health Technology Co Total Inventories Related Terms

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Sipai Health Technology Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Distribution » Sipai Health Technology Co Ltd (HKSE:00314) » Definitions » Total Inventories

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 1888, Caoyang Road, 7/F, Building 3, Xingguangyao Plaza, Putuo District, Shanghai, CHN

Website

https://www.medbankshealthtech.com

Sipai Health Technology Co Ltd is a medical technology and health management company in China. It has three reportable operating segments: Specialty Pharmacy Business - operation and distribution of specialty pharmacy stores and pharmaceutical products; Physician Research Assistance Business - offering pharmaceutical companies and other clinical trial institutions site management organization services; Health Insurance Services Business - rendering insurance brokerage services to insurance companies. The company generates key revenue from Specialty Pharmacy Business. Almost all of the company's revenues were derived from operations in the PRC.

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