Tai United Holdings (HKSE:00718) Total Inventories : HK$0.8 Mil (As of Jun. 2023)

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What is Tai United Holdings Total Inventories?

Tai United Holdings's total inventories for the quarter that ended in Jun. 2023 was HK$0.8 Mil. Tai United Holdings's average total inventories from the quarter that ended in Dec. 2022 to the quarter that ended in Jun. 2023 was HK$1.5 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Tai United Holdings's Net-Net Working Capital per share for the quarter that ended in Jun. 2023 was HK$-0.62.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Tai United Holdings's Days Inventory for the six months ended in Jun. 2023 was 4.95.

Inventory Turnover measures how fast the company turns over its inventory within a year. Tai United Holdings's Inventory Turnover for the quarter that ended in Jun. 2023 was 36.84.

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. Tai United Holdings's Inventory-to-Revenue for the quarter that ended in Jun. 2023 was 0.01.

Tai United Holdings Total Inventories Historical Data

The historical data trend for Tai United Holdings'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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Tai United Holdings Total Inventories Chart

Tai United Holdings Annual Data

Trend

Mar13

Mar14

Mar15

Mar16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Total Inventories

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1.33

1.70

1.96

4.10

2.12

Tai United Holdings Semi-Annual Data
	Sep13	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Total Inventories	Get a 7-Day Free Trial															1.53	4.10	8.62	2.12	0.85

Tai United Holdings 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.

Tai United Holdings (HKSE:00718) 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.

Tai United Holdings's Net-Net Working Capital Per Share for the quarter that ended in Jun. 2023 is

	Net-Net Working Capital Per Share (Q: Jun. 2023 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(188.344	+	0.75 * 48.613	+	0.5 * 0.849	-	3473.678
-	0	-	1.89)	/	5250.02
=	-0.62

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

Tai United Holdings's Days Inventory for the six months ended in Jun. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jun. 2023 )	/	Cost of Goods Sold (Q: Jun. 2023 )	*	Days in Period
	=	1.4855	/	54.721	*	365 / 2
	=	4.95

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

Tai United Holdings's Inventory Turnover for the quarter that ended in Jun. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Jun. 2023 )	/	Average Total Inventories (Q: Jun. 2023 )
	=	54.721	/	1.4855
	=	36.84

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.

Tai United Holdings's Inventory to Revenue for the quarter that ended in Jun. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jun. 2023 )	/	Revenue (Q: Jun. 2023 )
	=	1.4855	/	99.559
	=	0.01

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.

Tai United Holdings Total Inventories Related Terms

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Tai United Holdings (HKSE:00718) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Distribution » Tai United Holdings Ltd (HKSE:00718) » Definitions » Total Inventories

Comparable Companies

Traded in Other Exchanges

N/A

Address

26 Harbour Road, Room 4202–03A, 42th Floor, China Resource Building, Wanchai, Hong Kong, HKG

Website

http://www.irasia.com/listco/hk/taiunited/index.ht

Tai United Holdings Ltd is an investment holding company. Its segments include Property investment segment engaged in property investment and leasing of properties; Medical equipment trading segment; Flooring materials trading segment; Mining and exploitation of natural resources segment engaged in mining and production of tungsten resources activities in the Republic of Mongolia; and Financial services and asset management segment that includes trading equity securities and derivatives and managing of assets arising from acquisition of distressed debts assets. It derives majority of the revenue from the Flooring materials trading segment.

Executives

Satinu Resources Group Ltd.	2201 Interest of corporation controlled by you
Songbird Sg Pte. Ltd.	2101 Beneficial owner

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