Elegance Optical International Holdings (HKSE:00907) Total Inventories : HK$0.05 Mil (As of Sep. 2023)

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What is Elegance Optical International Holdings Total Inventories?

Elegance Optical International Holdings's total inventories for the quarter that ended in Sep. 2023 was HK$0.05 Mil. Elegance Optical International Holdings's average total inventories from the quarter that ended in Mar. 2023 to the quarter that ended in Sep. 2023 was HK$0.05 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Elegance Optical International Holdings's Net-Net Working Capital per share for the quarter that ended in Sep. 2023 was HK$-0.04.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Elegance Optical International Holdings's Days Inventory for the six months ended in Sep. 2023 was 1.13.

Inventory Turnover measures how fast the company turns over its inventory within a year. Elegance Optical International Holdings's Inventory Turnover for the quarter that ended in Sep. 2023 was 162.04.

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. Elegance Optical International Holdings's Inventory-to-Revenue for the quarter that ended in Sep. 2023 was 0.01.

Elegance Optical International Holdings Total Inventories Historical Data

The historical data trend for Elegance Optical International 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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Elegance Optical International Holdings Total Inventories Chart

Elegance Optical International Holdings Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Total Inventories

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7.78

8.80

4.54

5.48

0.06

Elegance Optical International Holdings Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Total Inventories	Get a 7-Day Free Trial															4.49	5.48	2.33	0.06	0.05

Elegance Optical International 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.

Elegance Optical International Holdings (HKSE:00907) 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.

Elegance Optical International Holdings's Net-Net Working Capital Per Share for the quarter that ended in Sep. 2023 is

	Net-Net Working Capital Per Share (Q: Sep. 2023 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(34.652	+	0.75 * 4.023	+	0.5 * 0.045	-	73.889
-	0	-	0)	/	872.864
=	-0.04

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

Elegance Optical International Holdings's Days Inventory for the six months ended in Sep. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2023 )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
	=	0.0535	/	8.669	*	365 / 2
	=	1.13

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

Elegance Optical International Holdings's Inventory Turnover for the quarter that ended in Sep. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Sep. 2023 )	/	Average Total Inventories (Q: Sep. 2023 )
	=	8.669	/	0.0535
	=	162.04

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.

Elegance Optical International Holdings's Inventory to Revenue for the quarter that ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2023 )	/	Revenue (Q: Sep. 2023 )
	=	0.0535	/	10.296
	=	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.

Elegance Optical International Holdings Total Inventories Related Terms

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Elegance Optical International Holdings (HKSE:00907) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Elegance Optical International Holdings Ltd (HKSE:00907) » Definitions » Total Inventories

Comparable Companies

Traded in Other Exchanges

N/A

Address

145 Hennessy Road, On Hong Commercial Building, Room 22, 22nd Floor, Wanchai, Hong Kong, HKG

Website

http://www.elegance-group.com

Elegance Optical International Holdings Ltd and its subsidiaries are the manufacturers and sellers of optical frames and sunglasses. Its operating segments include Manufacturing and trading engaged in the manufacture and trading of optical frames and sunglasses; the Property investment segment is involved in leasing properties for rental income; the Debts and securities investment segment engaged in investments in financial instruments and quoted shares; Film investment and distribution segment engaged in film right and movie distributions; and Energy business. It derives key revenue from the Manufacturing and trading segment. It operates in Europe, America, the PRC (including Hong Kong), and other countries.

Executives

Albert Yeung Capital Holdings Limited	2201 Interest of corporation controlled by you
Cdm Trust & Board Services Ag	2301 Trustee
Emperor Capital Group Limited	2201 Interest of corporation controlled by you
Emperor Securities Limited	2101 Beneficial owner
Luk Siu Man, Semon	2202 Interest of your spouse
Yeung Sau Shing, Albert	2307 Founder of a discretionary trust who can infl
Wong Chong Fai	2101 Beneficial owner
Kitchell Osman Bin	2101 Beneficial owner
Wong Hoi Fung	2101 Beneficial owner

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