Majestic Dragon AeroTech Holdings (HKSE:00918) Total Inventories : HK$54.3 Mil (As of Sep. 2024)

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What is Majestic Dragon AeroTech Holdings Total Inventories?

Majestic Dragon AeroTech Holdings's total inventories for the quarter that ended in Sep. 2024 was HK$54.3 Mil. Majestic Dragon AeroTech Holdings's average total inventories from the quarter that ended in Mar. 2024 to the quarter that ended in Sep. 2024 was HK$55.2 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Majestic Dragon AeroTech Holdings's Net-Net Working Capital per share for the quarter that ended in Sep. 2024 was HK$0.01.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Majestic Dragon AeroTech Holdings's Days Inventory for the six months ended in Sep. 2024 was 824.88.

Inventory Turnover measures how fast the company turns over its inventory within a year. Majestic Dragon AeroTech Holdings's Inventory Turnover for the quarter that ended in Sep. 2024 was 0.22.

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. Majestic Dragon AeroTech Holdings's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 3.04.

Majestic Dragon AeroTech Holdings Total Inventories Historical Data

The historical data trend for Majestic Dragon AeroTech 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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Majestic Dragon AeroTech Holdings Total Inventories Chart

Majestic Dragon AeroTech Holdings Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Total Inventories

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21.55

27.33

39.05

108.64

56.11

Majestic Dragon AeroTech Holdings Semi-Annual Data
	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24
Total Inventories	Get a 7-Day Free Trial															83.86	108.64	131.18	56.11	54.28

Majestic Dragon AeroTech 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.

Majestic Dragon AeroTech Holdings (HKSE:00918) 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.

Majestic Dragon AeroTech Holdings's Net-Net Working Capital Per Share for the quarter that ended in Sep. 2024 is

	Net-Net Working Capital Per Share (Q: Sep. 2024 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(25.59	+	0.75 * 95.755	+	0.5 * 54.278	-	110.093
-	0	-	0)	/	1114.069
=	0.01

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

Majestic Dragon AeroTech Holdings's Days Inventory for the six months ended in Sep. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2024 )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
	=	55.1925	/	12.211	*	365 / 2
	=	824.88

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

Majestic Dragon AeroTech Holdings's Inventory Turnover for the quarter that ended in Sep. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Sep. 2024 )	/	Average Total Inventories (Q: Sep. 2024 )
	=	12.211	/	55.1925
	=	0.22

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.

Majestic Dragon AeroTech Holdings's Inventory to Revenue for the quarter that ended in Sep. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2024 )	/	Revenue (Q: Sep. 2024 )
	=	55.1925	/	18.143
	=	3.04

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.

Majestic Dragon AeroTech Holdings Total Inventories Related Terms

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Majestic Dragon AeroTech Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Majestic Dragon AeroTech Holdings Ltd (HKSE:00918) » Definitions » Total Inventories

Comparable Companies

Traded in Other Exchanges

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Address

1 Hok Cheung Street, Unit 13, 5th Floor, Tower 1, Harbour Centre, Hung Hom, Kowloon, Hong Kong, HKG

Website

https://www.seiah.com

Majestic Dragon AeroTech Holdings Ltd along with its subsidiaries, is principally engaged in the wholesale of consumer products including timepieces and accessories, garment and sportswear products, property investment, and provision of marketing services. Its segment includes Wholesale business Watch, Wholesale business Garment, Property investment, and Unmanned aerial vehicles business. Maximum revenue is generated from the Unmanned aerial vehicles business that sells unmanned aerial vehicles and related parts for fire-fighting, logistics transportation, communication, and agricultural use. Geographically, it derives key revenue from the People's Republic of China followed by the Middle East, Hong Kong, Africa, and Taiwan.

Executives

Zhang Jinbing	2101 Beneficial owner
Always Profit Development Limited	2101 Beneficial owner
Golden Bold Holdings Limited	2101 Beneficial owner
Wang Yuelai	2201 Interest of corporation controlled by you
Chong Kin Group Holdings Ltd.	2106 Person having a security interest in shares
State Energy Hk Limited	2101 Beneficial owner
Shang Hai Zhong She Gu Quan Tou Zi Ji Jin You Xian Gong Si	2201 Interest of corporation controlled by you
Shang Hai Guo Ming Gu Quan Tou Zi Ji Jin Guan Li You Xian Gong Si	2201 Interest of corporation controlled by you
Liu Quan Hui	2201 Interest of corporation controlled by you
Guo Neng Shang Ye Ji Tuan You Xian Gong Si	2201 Interest of corporation controlled by you
Niu Fang	2201 Interest of corporation controlled by you
Hu Zhang Cui	2202 Interest of your spouse

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