Giordano International (HKSE:00709) Total Inventories : HK$474 Mil (As of Dec. 2023)

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What is Giordano International Total Inventories?

Giordano International's total inventories for the quarter that ended in Dec. 2023 was HK$474 Mil. Giordano International's average total inventories from the quarter that ended in Jun. 2023 to the quarter that ended in Dec. 2023 was HK$488 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Giordano International's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was HK$-0.22.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Giordano International's Days Inventory for the six months ended in Dec. 2023 was 111.77.

Inventory Turnover measures how fast the company turns over its inventory within a year. Giordano International's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.63.

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. Giordano International's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.26.

Giordano International Total Inventories Historical Data

The historical data trend for Giordano 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.

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Giordano International Total Inventories Chart

Giordano International Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Inventories

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548.00

434.00

606.00

612.00

474.00

Giordano 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															606.00	541.00	612.00	501.00	474.00

Giordano 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.

Giordano International (HKSE:00709) 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.

Giordano 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)
=	(935	+	0.75 * 197	+	0.5 * 474	-	1544
-	0	-	123)	/	1613.42
=	-0.22

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

Giordano 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
	=	487.5	/	796	*	365 / 2
	=	111.77

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

Giordano 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 )
	=	796	/	487.5
	=	1.63

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.

Giordano 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 )
	=	487.5	/	1903
	=	0.26

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.

Giordano International Total Inventories Related Terms

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Giordano International (HKSE:00709) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Giordano International Ltd (HKSE:00709) » Definitions » Total Inventories

Comparable Companies

Traded in Other Exchanges

GRDZF:USA GIO:Germany

Address

777-779 Cheung Sha Wan Road, 5th Floor, Tin On Industrial Building, Kowloon, Hong Kong, HKG

Website

http://www.giordano.com.hk

Giordano International Ltd is an apparel manufacturer and retailer with thousands of stores in the Asia-Pacific region. Giordano's has both self-operated and franchised stores. Giordano's sales are similarly dispersed through the following regions: Mainland China, Hong Kong and Taiwan, and Rest of Asia-Pacific. The company also generates significant sales in the Middle East. The Giordano brand, encompassing Giordano Men, Giordano Women, and Giordano Junior, generates the vast majority of the company's sales, mostly through Giordano Men. Other brands include Giordano Ladies, BSX, Beau Monde, and Eula.

Executives

Webb David Michael

2201 Interest of corporation controlled by you

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