China Merchants Land (HKSE:00978) Total Inventories: HK$55,491 Mil (As of Dec. 2025)


HKSE:00978 China Merchants Land Ltd HKSE:00978
44 GF Score
Price HK$0.25
GF Value HK$0.32
Valuation Modestly Undervalued
! 8 Warning Signs
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What is China Merchants Land Total Inventories?

China Merchants Land HKSE:00978 44 Total Inventories is HK$55,491 Mil as of Dec. 2025. GuruFocus rates HKSE:00978 with a GF Score™ of 44/100 and a GF Value™ of HK$0.32 (Modestly Undervalued). The stock has 8 warning signs investors should review.

China Merchants Land's total inventories for the quarter that ended in Dec. 2025 was HK$55,491 Mil. China Merchants Land's average total inventories from the quarter that ended in Jun. 2025 to the quarter that ended in Dec. 2025 was HK$65,126 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. China Merchants Land's Net-Net Working Capital per share for the quarter that ended in Dec. 2025 was HK$-15.83.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. China Merchants Land's Days Inventory for the six months ended in Dec. 2025 was 539.62.

Inventory Turnover measures how fast the company turns over its inventory within a year. China Merchants Land's Inventory Turnover for the quarter that ended in Dec. 2025 was 0.34.

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 Merchants Land's Inventory-to-Revenue for the quarter that ended in Dec. 2025 was 2.76.


China Merchants Land  (HKSE:00978) 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 Merchants Land's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2025 is

Net-Net Working Capital Per Share (Q: Dec. 2025 )
=(Cash And Cash Equivalents+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(12285.351+0.75 * 15.557+0.5 * 55490.775-90527.59
-0-27187.354)/4905.258
=-15.83

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

China Merchants Land's Days Inventory for the six months ended in Dec. 2025 is calculated as:

Days Inventory=Average Total Inventories (Q: Dec. 2025 )/Cost of Goods Sold (Q: Dec. 2025 )*Days in Period
=65125.625/22025.483*365 / 2
=539.62

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

China Merchants Land's Inventory Turnover for the quarter that ended in Dec. 2025 is calculated as

Inventory Turnover=Cost of Goods Sold (Q: Dec. 2025 ) / Average Total Inventories (Q: Dec. 2025 )
=22025.483 / 65125.625
=0.34

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 Merchants Land's Inventory to Revenue for the quarter that ended in Dec. 2025 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Dec. 2025 ) / Revenue (Q: Dec. 2025 )
=65125.625 / 23587.411
=2.76

* 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.


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 Merchants Land Total Inventories Related Terms


China Merchants Land Total Inventories Historical Data

* Premium members only.

The historical data trend for China Merchants Land'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.

China Merchants Land Total Inventories Chart

China Merchants Land Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Total Inventories
Get a 7-Day Free Trial Premium Member Only Premium Member Only 91,370.35 70,724.23 73,977.62 63,264.56 55,490.78

China Merchants Land Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Total Inventories Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 73,977.62 72,751.41 63,264.56 74,760.48 55,490.78
HKSE:00978
44GF Score
China Merchants Land Ltd HKSE:00978
Total Inventories is just one metric. See GF Score™, valuation, warning signs, and more.
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China Merchants Land 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.

Frequently Asked Questions Learn more about Total Inventories →
What does a Total Inventories of HK$55,491 Mil mean?
China Merchants Land (HKSE:00978) has a Total Inventories of HK$55,491 Mil as of Dec. 2025. The total amount of inventory as recorded on a company's balance sheet. View historical data for China Merchants Land and its competitors.
Is China Merchants Land's Total Inventories too high?
China Merchants Land's current Total Inventories is HK$55,491 Mil. Overall, China Merchants Land has a GF Score™ of 44/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does China Merchants Land's Total Inventories compare to competitors?
China Merchants Land's Total Inventories of HK$55,491 Mil can be compared against companies in the Real Estate industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Total Inventories for a Real Estate company?
A good Total Inventories depends on the Real Estate industry context. However, Total Inventories should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Total Inventories mean?
A high Total Inventories can signal that a stock is expensive relative to its fundamentals. The total amount of inventory as recorded on a company's balance sheet. View historical data for China Merchants Land and its competitors. China Merchants Land's current Total Inventories is HK$55,491 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is China Merchants Land stock overvalued right now?
Based on GuruFocus' analysis, China Merchants Land (HKSE:00978) is currently considered Modestly Undervalued. The stock's GF Value™ is HK$0.32, compared to a current price of HK$0.25 — trading 21.9% below its estimated fair value. The current Total Inventories is HK$55,491 Mil. China Merchants Land's overall GF Score™ is 44/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Total Inventories calculated?
Total Inventories is calculated from a company's financial statements. For China Merchants Land (HKSE:00978), the current Total Inventories is HK$55,491 Mil as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is China Merchants Land (HKSE:00978) Overvalued in 2026?

Based on GuruFocus' analysis, China Merchants Land stock appears to be undervalued. The current stock price of HK$0.25 is trading 21.9% below its estimated GF Value™ of HK$0.32. GuruFocus considers China Merchants Land to be Modestly Undervalued.

Key valuation signals for HKSE:00978:

  • Total Inventories: HK$55,491 Mil
  • GF Value™: HK$0.32 vs. price of HK$0.25 (21.9% below fair value)
  • GF Score™: 44/100 with 8 warning signs

No single metric tells the full story. See the HKSE:00978 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


China Merchants Land Business Description

Other Exchanges TNY1:Germany
Address No. 303 Des Voeux Road Central, 8th Floor, China Merchants Plaza, Hong Kong, HKG
China Merchants Land Ltd is an investment holding company. The company is principally engaged in the development, sale, lease, investment and management of properties; assets management; and investment holding activities. The company has two operating segment Development and sales of properties and property leasing (Properties Segment); and Asset management for office premises and shopping malls (Asset Management Segment). The company generated majority of revenue from Properties Segment. The company has presence in Foshan, Guangzhou, Nanjing and Jurong, Chongqing, Xi'an, and Hong Kong.
44GF Score

Get the complete analysis for HKSE:00978

Total Inventories is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

HK$0.25
Price
HK$0.32
GF Value