Qianhai Health Holdings (HKSE:00911) Total Inventories : HK$329.8 Mil (As of Dec. 2023)

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What is Qianhai Health Holdings Total Inventories?

Qianhai Health Holdings's total inventories for the quarter that ended in Dec. 2023 was HK$329.8 Mil. Qianhai Health Holdings's average total inventories from the quarter that ended in Jun. 2023 to the quarter that ended in Dec. 2023 was HK$301.2 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Qianhai Health Holdings's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was HK$0.53.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Qianhai Health Holdings's Days Inventory for the six months ended in Dec. 2023 was 84.49.

Inventory Turnover measures how fast the company turns over its inventory within a year. Qianhai Health Holdings's Inventory Turnover for the quarter that ended in Dec. 2023 was 2.16.

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. Qianhai Health Holdings's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.48.

Qianhai Health Holdings Total Inventories Historical Data

The historical data trend for Qianhai Health 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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Qianhai Health Holdings Total Inventories Chart

Qianhai Health Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Inventories

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196.24

326.38

455.08

380.46

329.79

Qianhai Health Holdings 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															455.08	276.88	380.46	272.62	329.79

Qianhai Health 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.

Qianhai Health Holdings (HKSE:00911) 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.

Qianhai Health Holdings'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)
=	(19.525	+	0.75 * 0	+	0.5 * 329.785	-	94.003
-	0	-	0)	/	169.445
=	0.53

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

Qianhai Health Holdings'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
	=	301.2005	/	650.576	*	365 / 2
	=	84.49

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

Qianhai Health Holdings'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 )
	=	650.576	/	301.2005
	=	2.16

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.

Qianhai Health Holdings'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 )
	=	301.2005	/	621.392
	=	0.48

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.

Qianhai Health Holdings Total Inventories Related Terms

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Qianhai Health Holdings (HKSE:00911) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Qianhai Health Holdings Ltd (HKSE:00911) » Definitions » Total Inventories

Comparable Companies

Traded in Other Exchanges

N/A

Address

177-183 Wing Lok Street, Room 301-3, 3rd Floor, Wing Tuck Commercial Centre, Sheung Wan, Hong Kong, HKG

Website

https://www.qianhaihealth.com.hk

Qianhai Health Holdings Ltd principally engaged in the sale of health products and electronic component products. It includes Chinese herbal medicines, skin-care and other healthcare products and the sale of information technology components products. The operating segments of the group are Healthcare products and Electronic component products. Healthcare products includes sale of healthcare products including Chinese herbal medicines, skincare and other healthcare products. Electronic component products includes sale of information technology components products including central processing unit and semiconductors. The group's revenue is all derived from Hong Kong.

Executives

Huang Guanchao	2101 Beneficial owner
Shinewing Sas (nominee Services) No. 3 Limited	2501 Other
Hou Chung Man	2501 Other
Tang Chung Wah	2501 Other
Sparkling Rock Limited	2201 Interest of corporation controlled by you
Chong Siew Hoong	2202 Interest of your spouse
Lim Tzea	2101 Beneficial owner
Explorer Rosy Limited
Great Prosperous Limited
Noble Stand Global Limited
Thousands Beauties Limited
Yunnan Energy Investment (h K) Co. Limited	2106 Person having a security interest in shares
Yunnan International Holding Group Limited	2106 Person having a security interest in shares
Yunnan International Supply Chain Limited	2106 Person having a security interest in shares
Yunnan Provincial Energy Investment Group Co., Ltd	2106 Person having a security interest in shares

Qianhai Health Holdings (HKSE:00911) Headlines

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