Wing Tai Properties (HKSE:00369) Total Inventories : HK$3,462.3 Mil (As of Jun. 2024)

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What is Wing Tai Properties Total Inventories?

Wing Tai Properties's total inventories for the quarter that ended in Jun. 2024 was HK$3,462.3 Mil. Wing Tai Properties's average total inventories from the quarter that ended in Dec. 2023 to the quarter that ended in Jun. 2024 was HK$3,648.3 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Wing Tai Properties's Net-Net Working Capital per share for the quarter that ended in Jun. 2024 was HK$-2.16.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Wing Tai Properties's Days Inventory for the six months ended in Jun. 2024 was 2,633.76.

Inventory Turnover measures how fast the company turns over its inventory within a year. Wing Tai Properties's Inventory Turnover for the quarter that ended in Jun. 2024 was 0.07.

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. Wing Tai Properties's Inventory-to-Revenue for the quarter that ended in Jun. 2024 was 6.51.

Wing Tai Properties Total Inventories Historical Data

The historical data trend for Wing Tai Properties'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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Wing Tai Properties Total Inventories Chart

Wing Tai Properties Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Inventories

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3,739.40

3,834.30

Wing Tai Properties Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Total Inventories	Get a 7-Day Free Trial															-	3,739.40	-	3,834.30	3,462.30

Wing Tai Properties 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.

Wing Tai Properties (HKSE:00369) 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.

Wing Tai Properties'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)
=	(3359.7	+	0.75 * 16.2	+	0.5 * 3462.3	-	7927.4
-	0	-	105.8)	/	1357.2
=	-2.16

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

Wing Tai Properties'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
	=	3648.3	/	252.8	*	365 / 2
	=	2,633.76

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

Wing Tai Properties'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 )
	=	252.8	/	3648.3
	=	0.07

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.

Wing Tai Properties'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 )
	=	3648.3	/	560.3
	=	6.51

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.

Wing Tai Properties Total Inventories Related Terms

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Wing Tai Properties Business Description

Industry

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Traded in Other Exchanges

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Address

Landmark East, 100 How Ming Street, 27th Floor, AIA Kowloon Tower, Kwun Tong, Kowloon, Hong Kong, HKG

Website

https://www.wingtaiproperties.com

Wing Tai Properties Ltd is an investment holding company. The business activity of the group is operated through Property Development, Property Investment & Management, Hospitality Investment & Management, and Other segments. Its investment property portfolio is mainly comprised of commercial, industrial, residential units and serviced apartments, and others. The company's geographical segments are Hong Kong, the United Kingdom, the People's Republic of China, Singapore, and others, of which the majority of its revenue comes from Hong Kong.

Executives

Cheng Wai Chee Christopher	2101 Beneficial owner
Cheng Edward Wai Sun	2101 Beneficial owner
Butterfield Fiduciary Services (cayman) Limited
Butterfield Trust (asia) Limited	2301 Trustee
Ckf Limited	2201 Interest of corporation controlled by you
Whcwtf Limited	2201 Interest of corporation controlled by you
Hsbc Trustee (c.i.) Limited	2301 Trustee
Sun Hung Kai Properties Limited

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