China Haisheng Juice Holdings Co (HKSE:00359) Total Inventories : HK$1,040 Mil (As of Jun. 2021)

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What is China Haisheng Juice Holdings Co Total Inventories?

China Haisheng Juice Holdings Co's total inventories for the quarter that ended in Jun. 2021 was HK$1,040 Mil. China Haisheng Juice Holdings Co's average total inventories from the quarter that ended in Dec. 2020 to the quarter that ended in Jun. 2021 was HK$978 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. China Haisheng Juice Holdings Co's Net-Net Working Capital per share for the quarter that ended in Jun. 2021 was HK$-9.11.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. China Haisheng Juice Holdings Co's Days Inventory for the six months ended in Jun. 2021 was 345.90.

Inventory Turnover measures how fast the company turns over its inventory within a year. China Haisheng Juice Holdings Co's Inventory Turnover for the quarter that ended in Jun. 2021 was 0.53.

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. China Haisheng Juice Holdings Co's Inventory-to-Revenue for the quarter that ended in Jun. 2021 was 1.55.

China Haisheng Juice Holdings Co Total Inventories Historical Data

The historical data trend for China Haisheng Juice Holdings 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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China Haisheng Juice Holdings Co Total Inventories Chart

China Haisheng Juice Holdings Co Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Total Inventories

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1,227.07

1,354.76

885.95

913.65

916.01

China Haisheng Juice Holdings Co Semi-Annual Data
	Dec11	Jun12	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21
Total Inventories	Get a 7-Day Free Trial															826.68	913.65	767.26	916.01	1,040.17

China Haisheng Juice Holdings 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.

China Haisheng Juice Holdings Co (HKSE:00359) 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.

China Haisheng Juice Holdings Co's Net-Net Working Capital Per Share for the quarter that ended in Jun. 2021 is

	Net-Net Working Capital Per Share (Q: Jun. 2021 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(223.562	+	0.75 * 192.961	+	0.5 * 1040.17	-	11186.034
-	0	-	1456.628)	/	1289.79
=	-9.11

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

China Haisheng Juice Holdings Co's Days Inventory for the six months ended in Jun. 2021 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jun. 2021 )	/	Cost of Goods Sold (Q: Jun. 2021 )	*	Days in Period
	=	978.0915	/	516.051	*	365 / 2
	=	345.90

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

China Haisheng Juice Holdings Co's Inventory Turnover for the quarter that ended in Jun. 2021 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Jun. 2021 )	/	Average Total Inventories (Q: Jun. 2021 )
	=	516.051	/	978.0915
	=	0.53

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.

China Haisheng Juice Holdings Co's Inventory to Revenue for the quarter that ended in Jun. 2021 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jun. 2021 )	/	Revenue (Q: Jun. 2021 )
	=	978.0915	/	630.599
	=	1.55

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.

China Haisheng Juice Holdings Co Total Inventories Related Terms

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China Haisheng Juice Holdings Co (HKSE:00359) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Non-Alcoholic » China Haisheng Juice Holdings Co Ltd (HKSE:00359) » Definitions » Total Inventories

Comparable Companies

Traded in Other Exchanges

N/A

Address

288 Des Voeux Road Central, Room B, 3rd Floor, Eton Building, Hong Kong, HKG

Website

http://www.chinahaisheng.com

China Haisheng Juice Holdings Co Ltd is a Hong Kong-based investment holding company. The company is principally engaged in fruit juice and agriculture businesses. The group has two operating segments: Fruit juice operation segment that manufactures and sells fruit juice concentrate and related products; and the Agriculture operation segment involves plantation and sale of apple saplings, apple and other fruits. The group has a global business presence from which key revenue is derived from the PRC.

Executives

Gao Liang	2202 Interest of your spouse
Xie Haiyan	2202 Interest of your spouse

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