China Best Group Holding (HKSE:00370) Total Inventories : HK$3.9 Mil (As of Sep. 2023)

View and export this data going back to 1996. Start your Free Trial

What is China Best Group Holding Total Inventories?

China Best Group Holding's total inventories for the quarter that ended in Sep. 2023 was HK$3.9 Mil. China Best Group Holding's average total inventories from the quarter that ended in Mar. 2023 to the quarter that ended in Sep. 2023 was HK$5.2 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. China Best Group Holding's Net-Net Working Capital per share for the quarter that ended in Sep. 2023 was HK$-0.38.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. China Best Group Holding's Days Inventory for the six months ended in Sep. 2023 was 11.56.

Inventory Turnover measures how fast the company turns over its inventory within a year. China Best Group Holding's Inventory Turnover for the quarter that ended in Sep. 2023 was 15.79.

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 Best Group Holding's Inventory-to-Revenue for the quarter that ended in Sep. 2023 was 0.05.

China Best Group Holding Total Inventories Historical Data

The historical data trend for China Best Group Holding'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.

* Premium members only.

China Best Group Holding Total Inventories Chart

China Best Group Holding Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Mar22

Mar23

Total Inventories

Get a 7-Day Free Trial

4.43

6.42

China Best Group Holding Semi-Annual Data
	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Sep21	Mar22	Sep22	Mar23	Sep23
Total Inventories	Get a 7-Day Free Trial															95.11	4.43	3.33	6.42	3.93

China Best Group Holding 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 Best Group Holding (HKSE:00370) 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 Best Group Holding's Net-Net Working Capital Per Share for the quarter that ended in Sep. 2023 is

	Net-Net Working Capital Per Share (Q: Sep. 2023 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(104.089	+	0.75 * 112.258	+	0.5 * 3.929	-	940.42
-	0	-	44.952)	/	2091.5
=	-0.38

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

China Best Group Holding's Days Inventory for the six months ended in Sep. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2023 )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
	=	5.1725	/	81.68	*	365 / 2
	=	11.56

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

China Best Group Holding's Inventory Turnover for the quarter that ended in Sep. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Sep. 2023 )	/	Average Total Inventories (Q: Sep. 2023 )
	=	81.68	/	5.1725
	=	15.79

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 Best Group Holding's Inventory to Revenue for the quarter that ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2023 )	/	Revenue (Q: Sep. 2023 )
	=	5.1725	/	106.686
	=	0.05

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 Best Group Holding Total Inventories Related Terms

Thank you for viewing the detailed overview of China Best Group Holding's Total Inventories provided by GuruFocus.com. Please click on the following links to see related term pages.

China Best Group Holding (HKSE:00370) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » China Best Group Holding Ltd (HKSE:00370) » Definitions » Total Inventories

Comparable Companies

Traded in Other Exchanges

EFO3:Germany

Address

The Gateway, Harbour City, Suite 1901-2 & 14, 19th Floor, Tower 6, Kowloon, Hong Kong, HKG

Website

http://www.cbgroup.com.hk

China Best Group Holding Ltd is a China-based company having various business segments. Trading of goods including radio systems and electronic appliances which is the key revenue driver; Finance leasing of plant and machinery; Money lending; Securities and futures brokerage segment engages in securities and futures dealing services in Hong Kong; International air and sea freight forwarding and logistic services to customers in Singapore and the USA; Securities trading of equity securities and dividend income from held for trading investments; Property investment for rental income and capital appreciation in PRC; Building architecture and interior design services; Property brokerage and agency service,Geothermal energy, Customised technical support segment and Centralised heating segment.

China Best Group Holding (HKSE:00370) Headlines

No Headlines