Shandong Hi-Speed Holdings Group (HKSE:00412) Total Inventories : HK$71 Mil (As of Dec. 2023)

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What is Shandong Hi-Speed Holdings Group Total Inventories?

Shandong Hi-Speed Holdings Group's total inventories for the quarter that ended in Dec. 2023 was HK$71 Mil. Shandong Hi-Speed Holdings Group's average total inventories from the quarter that ended in Jun. 2023 to the quarter that ended in Dec. 2023 was HK$73 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Shandong Hi-Speed Holdings Group's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was HK$-8.00.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Shandong Hi-Speed Holdings Group's Days Inventory for the six months ended in Dec. 2023 was 8.10.

Inventory Turnover measures how fast the company turns over its inventory within a year. Shandong Hi-Speed Holdings Group's Inventory Turnover for the quarter that ended in Dec. 2023 was 22.54.

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. Shandong Hi-Speed Holdings Group's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.03.

Shandong Hi-Speed Holdings Group Total Inventories Historical Data

The historical data trend for Shandong Hi-Speed Holdings Group'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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Shandong Hi-Speed Holdings Group Total Inventories Chart

Shandong Hi-Speed Holdings Group Annual Data

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Dec23

Total Inventories

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95.00

71.42

Shandong Hi-Speed Holdings Group Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Total Inventories	Get a 7-Day Free Trial															-	105.08	95.00	74.53	71.42

Shandong Hi-Speed Holdings Group 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.

Shandong Hi-Speed Holdings Group (HKSE:00412) 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.

Shandong Hi-Speed Holdings Group'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)
=	(9239.302	+	0.75 * 12271.772	+	0.5 * 71.424	-	53845.486
-	0	-	12783.227)	/	6019.43
=	-8.00

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

Shandong Hi-Speed Holdings Group'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
	=	72.9745	/	1644.539	*	365 / 2
	=	8.10

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

Shandong Hi-Speed Holdings Group'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 )
	=	1644.539	/	72.9745
	=	22.54

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.

Shandong Hi-Speed Holdings Group'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 )
	=	72.9745	/	2454.844
	=	0.03

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.

Shandong Hi-Speed Holdings Group Total Inventories Related Terms

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Shandong Hi-Speed Holdings Group (HKSE:00412) Business Description

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HRI:Germany

Address

No. 50 Connaught Road Central, 17th Floor, Agricultural Bank of China Tower, Hong Kong, HKG

Website

https://www.csfg.com.hk

Shandong Hi-Speed Holdings Group Ltd is an investment holding company & its segments include Industrial investment segment in operations of industrial investment-related business; Standard investment segment in trading of listed securities & listed bonds for interest income & capital appreciation; Non-standard investment segment in direct investment business, investments in debts instruments, unlisted bonds & investment funds; Licensed financial services segment in provision of money lending services, securities brokerage services, asset management services & asset trading platform; & Financial technology segment in online investment & technology-enabled lending services & online new media services. The majority is from the Industrial Investment segment & key revenue is from PRC.

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