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Success Dragon International Holdings (HKSE:01182) Total Inventories : HK$39.8 Mil (As of Sep. 2023)


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What is Success Dragon International Holdings Total Inventories?

Success Dragon International Holdings's total inventories for the quarter that ended in Sep. 2023 was HK$39.8 Mil. Success Dragon International Holdings's average total inventories from the quarter that ended in Mar. 2023 to the quarter that ended in Sep. 2023 was HK$35.9 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Success Dragon International Holdings's Net-Net Working Capital per share for the quarter that ended in Sep. 2023 was HK$0.05.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Success Dragon International Holdings's Days Inventory for the six months ended in Sep. 2023 was 54.37.

Inventory Turnover measures how fast the company turns over its inventory within a year. Success Dragon International Holdings's Inventory Turnover for the quarter that ended in Sep. 2023 was 3.36.

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. Success Dragon International Holdings's Inventory-to-Revenue for the quarter that ended in Sep. 2023 was 0.27.


Success Dragon International Holdings Total Inventories Historical Data

The historical data trend for Success Dragon 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.

* Premium members only.

Success Dragon International Holdings Total Inventories Chart

Success Dragon International Holdings Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Total Inventories
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.25 0.10 7.75 19.38 31.93

Success Dragon 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 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 8.00 19.38 56.52 31.93 39.78

Success Dragon 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.


Success Dragon International Holdings  (HKSE:01182) 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.

Success Dragon 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)
=(117.251+0.75 * 5.482+0.5 * 39.779-123.081
-0-0)/349.52
=0.05

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

Success Dragon 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
=35.8565/120.354*365 / 2
=54.37

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

Success Dragon 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 )
=120.354 / 35.8565
=3.36

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.

Success Dragon 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 )
=35.8565 / 132.063
=0.27

* 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.


Success Dragon International Holdings Total Inventories Related Terms

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Success Dragon International Holdings (HKSE:01182) Business Description

Traded in Other Exchanges
N/A
Address
88 Connaught Road West, 19/F., Guangdong Finance Building, Hong Kong, HKG
Success Dragon International Holdings Ltd is an investment holding company. Its segment includes Gold processing and trading business. The gold processing and trading business segment involves the Provision of gold processing and the sale of gold and other precious metals in the PRC. Geographically it derives a majority of revenue is derived from PRC.
Executives
Stone Steps Investments Limited 2101 Beneficial owner
Liu Shannon Shuting 2201 Interest of corporation controlled by you
Positive Kindness Limited 2201 Interest of corporation controlled by you
Liu Shiwei 2201 Interest of corporation controlled by you

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