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Xiamen Yan Palace Birds Nest Industry Co (HKSE:01497) Total Inventories : HK$394 Mil (As of Dec. 2023)


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What is Xiamen Yan Palace Birds Nest Industry Co Total Inventories?

Xiamen Yan Palace Birds Nest Industry Co's total inventories for the quarter that ended in Dec. 2023 was HK$394 Mil. Xiamen Yan Palace Birds Nest Industry Co's average total inventories from the quarter that ended in Dec. 2022 to the quarter that ended in Dec. 2023 was HK$349 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Xiamen Yan Palace Birds Nest Industry Co's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was HK$0.19.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Xiamen Yan Palace Birds Nest Industry Co's Days Inventory for the six months ended in Dec. 2023 was 60.05.

Inventory Turnover measures how fast the company turns over its inventory within a year. Xiamen Yan Palace Birds Nest Industry Co's Inventory Turnover for the quarter that ended in Dec. 2023 was 3.04.

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. Xiamen Yan Palace Birds Nest Industry Co's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.16.

Xiamen Yan Palace Birds Nest Industry Co Total Inventories Historical Data

The historical data trend for Xiamen Yan Palace Birds Nest Industry Co'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.

Xiamen Yan Palace Birds Nest Industry Co Total Inventories Chart

Xiamen Yan Palace Birds Nest Industry Co Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Total Inventories
328.42 342.54 303.52 394.16

Xiamen Yan Palace Birds Nest Industry Co Semi-Annual Data
Dec20 Dec21 Dec22 Dec23
Total Inventories 328.42 342.54 303.52 394.16

Xiamen Yan Palace Birds Nest Industry Co 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.

Xiamen Yan Palace Birds Nest Industry Co  (HKSE:01497) 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.

Xiamen Yan Palace Birds Nest Industry Co'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)
=(587.461+0.75 * 91.11+0.5 * 394.156-736.185
-0-29.812)/465.5
=0.19

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

Xiamen Yan Palace Birds Nest Industry Co'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
=348.8365/1060.223*365 / 2
=60.05

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

Xiamen Yan Palace Birds Nest Industry Co'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 )
=1060.223 / 348.8365
=3.04

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.

Xiamen Yan Palace Birds Nest Industry Co'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 )
=348.8365 / 2148.441
=0.16

* 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.

Xiamen Yan Palace Birds Nest Industry Co Total Inventories Related Terms

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Xiamen Yan Palace Birds Nest Industry Co (HKSE:01497) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Xiamen Yan Palace Birds Nest Industry Co Ltd (HKSE:01497) » Definitions » Total Inventories
Comparable Companies
Traded in Other Exchanges
N/A
Address
Qianpu Road, 22/F, Caizihui No. 188, Siming District, Fujian Province, Xiamen City, CHN
Website
http://www.yanzhiwu.com
Xiamen Yan Palace Birds Nest Industry Co Ltd is engaged in the development, production, and marketing of Edible bird's nest (EBN) products. It is a natural health delicacy product with various perceived health benefits and nutritional value. Its product includes One Nest, Freshly Stewed Bird's Nest, Crystal Sugar Bird's Nest, and Dried EBN.
Executives
Yang Lei
Xia Men Guang Yao Tian Xiang Gu Quan Tou Zi He Huo Qi Ye You Xian He Huo
Xia Men Guang Yao Tian Xiang Tou Zi You Xian Gong Si
Shan Nan Yan Shi Chuang Ye Tou Zi You Xian Gong Si
Bei Jing Yan Shi Tou Zi Guan Li Zhong Xin You Xian He Huo
Bei Jing Hong Yan Gu Quan Tou Zi Zhong Xin You Xian He Huo 2101 Beneficial owner
Xia Men Jin Yan Lai Tou Zi He Huo Qi Ye You Xian He Huo
Xia Men Shi Shuang Dan Ma Shi Ye Fa Zhan You Xian Gong Si
Hu Qiaohong 2101 Beneficial owner
Huang Jian
Wang Jinghui
Wang Junjie
Wang Yalong
Liu Zhen 2201 Interest of corporation controlled by you
Zheng Wenbin

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