Kelfred Holdings (HKSE:01134) Total Inventories : HK$74.8 Mil (As of Dec. 2023)

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What is Kelfred Holdings Total Inventories?

Kelfred Holdings's total inventories for the quarter that ended in Dec. 2023 was HK$74.8 Mil. Kelfred Holdings's average total inventories from the quarter that ended in Jun. 2023 to the quarter that ended in Dec. 2023 was HK$71.2 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Kelfred Holdings's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was HK$0.12.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Kelfred Holdings's Days Inventory for the six months ended in Dec. 2023 was 74.47.

Inventory Turnover measures how fast the company turns over its inventory within a year. Kelfred Holdings's Inventory Turnover for the quarter that ended in Dec. 2023 was 2.45.

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. Kelfred Holdings's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.36.

Kelfred Holdings Total Inventories Historical Data

The historical data trend for Kelfred 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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Kelfred Holdings Total Inventories Chart

Kelfred Holdings Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Inventories

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74.06

59.73

80.74

71.18

74.76

Kelfred Holdings Semi-Annual Data
	Dec16	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Total Inventories	Get a 7-Day Free Trial									80.74	80.69	71.18	67.63	74.76

Kelfred 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.

Kelfred Holdings (HKSE:01134) 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.

Kelfred 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)
=	(20.334	+	0.75 * 109.067	+	0.5 * 74.764	-	80.813
-	0	-	0)	/	500
=	0.12

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

Kelfred 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
	=	71.1975	/	174.479	*	365 / 2
	=	74.47

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

Kelfred 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 )
	=	174.479	/	71.1975
	=	2.45

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.

Kelfred 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 )
	=	71.1975	/	198.202
	=	0.36

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.

Kelfred Holdings Total Inventories Related Terms

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Kelfred Holdings (HKSE:01134) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Kelfred Holdings Ltd (HKSE:01134) » Definitions » Total Inventories

Comparable Companies

Traded in Other Exchanges

N/A

Address

6 On Ping Street, Workshops 1605-1606, 16th Floor, Block B, New Trade Plaza, Sha Tin, New Territories, Hong Kong, HKG

Website

https://www.kelfred.com.hk

Kelfred Holdings Ltd is an eyewear manufacturer in the PRC and Hong Kong. It manufactures and sells a wide range of spectacle frames and sunglasses mainly through original design manufacturing and original equipment manufacturing business models. It offers integrated and customized services which include product design and development, raw materials procurement, production, quality control, packaging, and delivery. In addition to the traditional OEM and ODM business models, the group also offers its original brand manufacturing (OBM) products under the brand Miga. The group operates in Italy, United Kingdom, Netherlands, Hong Kong, France, Spain, Japan, Hungary, the United States, and others.

Executives

Conquer Holding Limited	2101 Beneficial owner
Chan Yin Wah	2201 Interest of corporation controlled by you
Kwok Kwan Fai	2201 Interest of corporation controlled by you
Kwok Kwan Yu	2201 Interest of corporation controlled by you
Kwok Mau Kwan	2202 Interest of your spouse
Li Man Yee Stella	2202 Interest of your spouse
Siu Fong Ting Tammy	2202 Interest of your spouse

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