FSE Lifestyle Services (HKSE:00331) Total Inventories : HK$19 Mil (As of Dec. 2023)

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What is FSE Lifestyle Services Total Inventories?

FSE Lifestyle Services's total inventories for the quarter that ended in Dec. 2023 was HK$19 Mil. FSE Lifestyle Services's average total inventories from the quarter that ended in Jun. 2023 to the quarter that ended in Dec. 2023 was HK$20 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. FSE Lifestyle Services's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was HK$-2.73.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. FSE Lifestyle Services's Days Inventory for the six months ended in Dec. 2023 was 1.01.

Inventory Turnover measures how fast the company turns over its inventory within a year. FSE Lifestyle Services's Inventory Turnover for the quarter that ended in Dec. 2023 was 180.06.

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. FSE Lifestyle Services's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.00.

FSE Lifestyle Services Total Inventories Historical Data

The historical data trend for FSE Lifestyle Services'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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FSE Lifestyle Services Total Inventories Chart

FSE Lifestyle Services Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Total Inventories

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40.21

53.03

18.99

23.51

21.29

FSE Lifestyle Services 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															17.97	23.51	20.88	21.29	18.68

FSE Lifestyle Services 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.

FSE Lifestyle Services (HKSE:00331) 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.

FSE Lifestyle Services'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)
=	(438.531	+	0.75 * 1772.877	+	0.5 * 18.675	-	3007.126
-	0	-	0.294)	/	450
=	-2.73

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

FSE Lifestyle Services'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
	=	19.983	/	3598.168	*	365 / 2
	=	1.01

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

FSE Lifestyle Services'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 )
	=	3598.168	/	19.983
	=	180.06

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.

FSE Lifestyle Services'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 )
	=	19.983	/	4114.523
	=	0.00

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.

FSE Lifestyle Services Total Inventories Related Terms

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FSE Lifestyle Services (HKSE:00331) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » FSE Lifestyle Services Ltd (HKSE:00331) » Definitions » Total Inventories

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Address

Units 801-810, No. 8 Wang Hoi Road, 8th Floor, Chevalier Commercial Centre, Kowloon Bay, Kowloon, Hong Kong, HKG

Website

https://www.fse.com.hk

FSE Lifestyle Services Ltd is an investment holding company. It operates in three segments: property and facility management services, E&M services and city essential services. The company along with its subsidiaries is principally engaged in the provision of property and facility management services, property agency and related services for buildings, car park management services, cleaning and management of waste disposal services, recycling, and environmental disposal services, security guarding and event services, insurance solutions services, and others. The company earns majority of its revenue from City essential services.

Executives

Doo Wai Hoi William	2202 Interest of your spouse
Doo Family Prosperity Holdings Limited
Fung Seng Holdings (x) Limited
Fungseng Prosperity Holdings Limited
Doo Cheng Sau Ha Amy	2201 Interest of corporation controlled by you
Fse Holdings Limited	2201 Interest of corporation controlled by you
Sino Spring Global Limited	2201 Interest of corporation controlled by you
Fse Management Company Limited	2101 Beneficial owner

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