New Universe Environmental Group (HKSE:00436) Total Inventories : HK$4.9 Mil (As of Dec. 2023)

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What is New Universe Environmental Group Total Inventories?

New Universe Environmental Group's total inventories for the quarter that ended in Dec. 2023 was HK$4.9 Mil. New Universe Environmental Group's average total inventories from the quarter that ended in Jun. 2023 to the quarter that ended in Dec. 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. New Universe Environmental Group's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was HK$-0.05.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. New Universe Environmental Group's Days Inventory for the six months ended in Dec. 2023 was 6.00.

Inventory Turnover measures how fast the company turns over its inventory within a year. New Universe Environmental Group's Inventory Turnover for the quarter that ended in Dec. 2023 was 30.42.

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. New Universe Environmental Group's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.03.

New Universe Environmental Group Total Inventories Historical Data

The historical data trend for New Universe Environmental 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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New Universe Environmental Group Total Inventories Chart

New Universe Environmental Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Inventories

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4.28

6.06

6.72

7.04

4.94

New Universe Environmental Group 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															6.72	7.24	7.04	5.54	4.94

New Universe Environmental 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.

New Universe Environmental Group (HKSE:00436) 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.

New Universe Environmental 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)
=	(186.365	+	0.75 * 73.337	+	0.5 * 4.936	-	288.065
-	0	-	105.108)	/	3035.7
=	-0.05

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

New Universe Environmental 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
	=	5.2365	/	159.281	*	365 / 2
	=	6.00

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

New Universe Environmental 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 )
	=	159.281	/	5.2365
	=	30.42

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.

New Universe Environmental 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 )
	=	5.2365	/	204.431
	=	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.

New Universe Environmental Group Total Inventories Related Terms

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New Universe Environmental Group (HKSE:00436) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » New Universe Environmental Group Ltd (HKSE:00436) » Definitions » Total Inventories

Comparable Companies

Traded in Other Exchanges

N/A

Address

16 Wang Hoi Road, Rooms 2110-2112, Telford House, Kowloon Bay, Kowloon, Hong Kong, HKG

Website

http://www.nuigl.com

New Universe Environmental Group Ltd is engaged in providing hazardous waste treatment services. It operates in four segments: Provision of industrial and medical waste treatment and disposal services; provision of environmental plating sewage treatment services and provision of related facilities and utilities in an eco-plating specialized zone (including industrial sewage treatment services, providing related utilities and management services, and providing factory facilities); provision of environmental equipment construction and installation services, investments in plastic materials dyeing operations. It mainly functions in China and earns the majority of its revenue from the Environmental waste treatment services segment.

Executives

New Universe Enterprises Limited	2201 Interest of corporation controlled by you
China Minsheng Investment Group Corp., Ltd.	2101 Beneficial owner

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