China Qidian Guofeng Holdings (HKSE:01280) Total Inventories : HK$61.7 Mil (As of Dec. 2023)

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What is China Qidian Guofeng Holdings Total Inventories?

China Qidian Guofeng Holdings's total inventories for the quarter that ended in Dec. 2023 was HK$61.7 Mil. China Qidian Guofeng Holdings's average total inventories from the quarter that ended in Jun. 2023 to the quarter that ended in Dec. 2023 was HK$59.4 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. China Qidian Guofeng Holdings's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was HK$-2.76.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. China Qidian Guofeng Holdings's Days Inventory for the six months ended in Dec. 2023 was 69.88.

Inventory Turnover measures how fast the company turns over its inventory within a year. China Qidian Guofeng Holdings's Inventory Turnover for the quarter that ended in Dec. 2023 was 2.61.

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 Qidian Guofeng Holdings's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.30.

China Qidian Guofeng Holdings Total Inventories Historical Data

The historical data trend for China Qidian Guofeng 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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China Qidian Guofeng Holdings Total Inventories Chart

China Qidian Guofeng Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Inventories

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85.96

66.46

63.02

46.51

61.68

China Qidian Guofeng 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															63.02	65.98	46.51	57.02	61.68

China Qidian Guofeng 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.

China Qidian Guofeng Holdings (HKSE:01280) 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 Qidian Guofeng 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)
=	(177.521	+	0.75 * 4.113	+	0.5 * 61.68	-	798.2
-	0	-	18.098)	/	219.28
=	-2.76

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

China Qidian Guofeng 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
	=	59.3505	/	155.009	*	365 / 2
	=	69.88

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

China Qidian Guofeng 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 )
	=	155.009	/	59.3505
	=	2.61

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 Qidian Guofeng 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 )
	=	59.3505	/	195.87
	=	0.30

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 Qidian Guofeng Holdings Total Inventories Related Terms

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China Qidian Guofeng Holdings (HKSE:01280) Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » China Qidian Guofeng Holdings Ltd (HKSE:01280) » Definitions » Total Inventories

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Traded in Other Exchanges

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Address

No. 539 Wenchang Zhong Road, 6th Floor, Huiyin Building, Jiangsu Province, Yangzhou, CHN

Website

http://www.hyjd.com

China Qidian Guofeng Holdings Ltd Formerly Qidian International Co Ltd is an investment holding company. It is engaged in the retail of household appliances, mobile phones, computers, imported and general merchandise, and the provision of maintenance and installation services for household appliances in the PRC. The operating segments of the group are Traditional business; New retail business and All other segments. Its Traditional business includes the results from sales of household appliances, mobile phones, and computers. New retail business includes the results from sales of imported and general merchandise. All other segments include the results from rendering maintenance and installation services. The company generates prime revenue from the Traditional business segment.

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