Major Holdings (HKSE:01389) Total Inventories : HK$42.41 Mil (As of Sep. 2024)

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What is Major Holdings Total Inventories?

Major Holdings's total inventories for the quarter that ended in Sep. 2024 was HK$42.41 Mil. Major Holdings's average total inventories from the quarter that ended in Mar. 2024 to the quarter that ended in Sep. 2024 was HK$52.89 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Major Holdings's Net-Net Working Capital per share for the quarter that ended in Sep. 2024 was HK$0.09.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Major Holdings's Days Inventory for the six months ended in Sep. 2024 was 251.28.

Inventory Turnover measures how fast the company turns over its inventory within a year. Major Holdings's Inventory Turnover for the quarter that ended in Sep. 2024 was 0.73.

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. Major Holdings's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 1.46.

Major Holdings Total Inventories Historical Data

The historical data trend for Major 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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Major Holdings Total Inventories Chart

Major Holdings Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Total Inventories

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81.84

83.61

75.71

71.68

63.37

Major 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															80.68	71.68	76.89	63.37	42.41

Major 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.

Major Holdings (HKSE:01389) 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.

Major 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)
=	(17.59	+	0.75 * 28.048	+	0.5 * 42.41	-	10.483
-	0	-	0)	/	554.333
=	0.09

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

Major 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
	=	52.8885	/	38.412	*	365 / 2
	=	251.28

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

Major 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 )
	=	38.412	/	52.8885
	=	0.73

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.

Major 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 )
	=	52.8885	/	36.237
	=	1.46

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.

Major Holdings Total Inventories Related Terms

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Major Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » Major Holdings Ltd (HKSE:01389) » Definitions » Total Inventories

Traded in Other Exchanges

N/A

Address

30 Canton Road, Suite 1507, Tower 2, Silvercord, Tsim Sha Tsui, Kowloon, Hong Kong, HKG

Website

https://www.majorgroup.com.hk/about

Major Holdings Ltd is an investment holding company. The company is principally engaged in the distribution of wine and spirit products and wine accessory products in Hong Kong. The products of the company include Red wine, White wine, Sparkling wine, Spirits, Sake, Wine accessory products, and other products. The group offers products through its retail showrooms, a network of distributors, retail organizations, five-star hotels, and private clubs. The majority of the revenue of the company is derived from Hong Kong.

Executives

Silver Tycoon Limited	2101 Beneficial owner
Zhang Guangyuan	2101 Beneficial owner
Zhang Guozhong	2101 Beneficial owner
Cheung Chun To	2201 Interest of corporation controlled by you
Lin Shuk Shuen	2101 Beneficial owner
Zheng Huanming	2101 Beneficial owner
High State Investments Limited	2101 Beneficial owner
Leung Chi Kin Joseph	2201 Interest of corporation controlled by you
Ma Pui Ying	2202 Interest of your spouse
Lai Wai Kong	2101 Beneficial owner

Major Holdings Headlines

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