China Qinfa Group (HKSE:00866) Total Inventories : HK$220 Mil (As of Dec. 2023)

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What is China Qinfa Group Total Inventories?

China Qinfa Group's total inventories for the quarter that ended in Dec. 2023 was HK$220 Mil. China Qinfa Group's average total inventories from the quarter that ended in Jun. 2023 to the quarter that ended in Dec. 2023 was HK$243 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. China Qinfa Group's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was HK$-3.46.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. China Qinfa Group's Days Inventory for the six months ended in Dec. 2023 was 38.40.

Inventory Turnover measures how fast the company turns over its inventory within a year. China Qinfa Group's Inventory Turnover for the quarter that ended in Dec. 2023 was 4.75.

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. China Qinfa Group's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.14.

China Qinfa Group Total Inventories Historical Data

The historical data trend for China Qinfa 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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China Qinfa Group Total Inventories Chart

China Qinfa Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Inventories

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66.23

65.95

266.36

490.65

219.90

China Qinfa 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															266.36	290.12	490.65	265.86	219.90

China Qinfa 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.

China Qinfa Group (HKSE:00866) 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.

China Qinfa 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)
=	(331.122	+	0.75 * 71.906	+	0.5 * 219.9	-	8245.622
-	0	-	866.04)	/	2493.41
=	-3.46

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

China Qinfa 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
	=	242.8775	/	1154.359	*	365 / 2
	=	38.40

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

China Qinfa 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 )
	=	1154.359	/	242.8775
	=	4.75

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.

China Qinfa 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 )
	=	242.8775	/	1687.983
	=	0.14

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.

China Qinfa Group Total Inventories Related Terms

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China Qinfa Group (HKSE:00866) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Other Energy Sources » China Qinfa Group Ltd (HKSE:00866) » Definitions » Total Inventories

Traded in Other Exchanges

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Address

No. 1 Pazhou Avenue East, Unit Nos. 2201 to 2208, Level 22, South Tower, Poly International Plaza, Haizhu District, Guangzhou, CHN

Website

http://www.qinfagroup.com

China Qinfa Group Ltd is a Hong-Kong based firm engaged in coal operation business involving coal mining, purchases and sales, filtering, storage, the blending of coal in the PRC, and shipping transportation. The company operates its business through two segments namely Coal and Shipping transportation segments. Coal business segment covers coal mining, purchases and sales, filtering, storage and blending of coal in the PRC, and Shipping transportation segment provides services of time charter and voyage charter of vessels. It has a business presence in the PRC and other countries, of which the majority of the revenue is generated within the PRC.

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