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High Fashion International (HKSE:00608) Total Inventories : HK$595 Mil (As of Dec. 2023)


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What is High Fashion International Total Inventories?

High Fashion International's total inventories for the quarter that ended in Dec. 2023 was HK$595 Mil. High Fashion International's average total inventories from the quarter that ended in Jun. 2023 to the quarter that ended in Dec. 2023 was HK$536 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. High Fashion International's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was HK$-5.16.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. High Fashion International's Days Inventory for the six months ended in Dec. 2023 was 72.95.

Inventory Turnover measures how fast the company turns over its inventory within a year. High Fashion International's Inventory Turnover for the quarter that ended in Dec. 2023 was 2.50.

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. High Fashion International's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.32.


High Fashion International Total Inventories Historical Data

The historical data trend for High Fashion International'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.

High Fashion International Total Inventories Chart

High Fashion International Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Total Inventories
Get a 7-Day Free Trial Premium Member Only Premium Member Only 571.71 388.27 622.38 531.90 594.89

High Fashion International 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 622.38 546.07 531.90 477.01 594.89

High Fashion International 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.


High Fashion International  (HKSE:00608) 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.

High Fashion International'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)
=(875.39+0.75 * 633.289+0.5 * 594.894-3255.681
-0--29.573)/305.615
=-5.16

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

High Fashion International'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
=535.9535/1340.887*365 / 2
=72.95

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

High Fashion International'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 )
=1340.887 / 535.9535
=2.50

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.

High Fashion International'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 )
=535.9535 / 1694.443
=0.32

* 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.


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.


High Fashion International Total Inventories Related Terms

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High Fashion International (HKSE:00608) Business Description

Traded in Other Exchanges
N/A
Address
1-11 Kwai Hei Street, Kwai Chung, 11th Floor, High Fashion Centre, New Territories, Hong Kong, HKG
High Fashion International Ltd is an investment holding company. It is engaged in the manufacture and trading of garments, as well as property investment and development.. The company's operating segments include the Manufacturing and trading of garments; and Property investment and development. The company operates in the United States, Greater China, Europe, and Other countries. It generates majority of the revenue from China.
Executives
Lam Foo Wah 2307 Founder of a discretionary trust who can infl
High Fashion Charitable Foundation Limited 2101 Beneficial owner
Leung Shuk Bing 2202 Interest of your spouse
Hinton Company Limited 2101 Beneficial owner

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