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YuanShengTai Dairy Farm (HKSE:01431) Total Inventories : HK$869 Mil (As of Dec. 2023)


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What is YuanShengTai Dairy Farm Total Inventories?

YuanShengTai Dairy Farm's total inventories for the quarter that ended in Dec. 2023 was HK$869 Mil. YuanShengTai Dairy Farm's average total inventories from the quarter that ended in Jun. 2023 to the quarter that ended in Dec. 2023 was HK$698 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. YuanShengTai Dairy Farm's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was HK$-0.49.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. YuanShengTai Dairy Farm's Days Inventory for the six months ended in Dec. 2023 was 146.77.

Inventory Turnover measures how fast the company turns over its inventory within a year. YuanShengTai Dairy Farm's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.24.

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. YuanShengTai Dairy Farm's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.57.


YuanShengTai Dairy Farm Total Inventories Historical Data

The historical data trend for YuanShengTai Dairy Farm'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.

YuanShengTai Dairy Farm Total Inventories Chart

YuanShengTai Dairy Farm Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Total Inventories
Get a 7-Day Free Trial Premium Member Only Premium Member Only 328.51 375.32 665.26 879.46 868.97

YuanShengTai Dairy Farm 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 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 665.26 365.15 879.46 526.21 868.97

YuanShengTai Dairy Farm 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.


YuanShengTai Dairy Farm  (HKSE:01431) 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.

YuanShengTai Dairy Farm'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)
=(1126.538+0.75 * 90.338+0.5 * 868.97-3918.066
-0-0)/4690.5
=-0.49

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

YuanShengTai Dairy Farm'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
=697.591/867.429*365 / 2
=146.77

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

YuanShengTai Dairy Farm'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 )
=867.429 / 697.591
=1.24

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.

YuanShengTai Dairy Farm'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 )
=697.591 / 1232.361
=0.57

* 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.


YuanShengTai Dairy Farm Total Inventories Related Terms

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YuanShengTai Dairy Farm (HKSE:01431) Business Description

Traded in Other Exchanges
N/A
Address
Qingxiang Street, Kedong County, Heilongjiang Province, Qiqihar, CHN
YuanShengTai Dairy Farm Ltd is a China-based dairy farming company. Along with its subsidiaries, it principally engages in the production and sale of milk in the People's Republic of China. Its dairy farms are in Heilongjiang and Jilin province, which includes Gannan Oumei Farm, Kedong Oumei Farm, Kedong YST Farm, Zhenlai Farm Phase I, Kedong Yongjin Farm, Baiquan Ruixincheng Farm, and Keshan Farm. The group generates revenue from its operations mainly in Mainland China.
Executives
Leng Youbin 2201 Interest of corporation controlled by you
China Feihe Limited 2101 Beneficial owner
Garland Glory Holdings Limited 2201 Interest of corporation controlled by you
Harneys Trustees Limited 2301 Trustee
Lyb International Holding Limited 2201 Interest of corporation controlled by you

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