Red Star Macalline Group (HKSE:01528) Total Inventories : HK$73 Mil (As of Jun. 2024)

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What is Red Star Macalline Group Total Inventories?

Red Star Macalline Group's total inventories for the quarter that ended in Jun. 2024 was HK$73 Mil. Red Star Macalline Group's average total inventories from the quarter that ended in Mar. 2024 to the quarter that ended in Jun. 2024 was HK$124 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Red Star Macalline Group's Net-Net Working Capital per share for the quarter that ended in Jun. 2024 was HK$-16.67.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Red Star Macalline Group's Days Inventory for the three months ended in Jun. 2024 was 29.73.

Inventory Turnover measures how fast the company turns over its inventory within a year. Red Star Macalline Group's Inventory Turnover for the quarter that ended in Jun. 2024 was 3.07.

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. Red Star Macalline Group's Inventory-to-Revenue for the quarter that ended in Jun. 2024 was 0.05.

Red Star Macalline Group Total Inventories Historical Data

The historical data trend for Red Star Macalline Group'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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Red Star Macalline Group Total Inventories Chart

Red Star Macalline Group Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Total Inventories

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389.17

402.96

338.22

174.47

56.66

Red Star Macalline Group Quarterly Data
	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Dec24
Total Inventories	Get a 7-Day Free Trial															179.14	174.47	174.63	72.85	56.66

Red Star Macalline Group 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.

Red Star Macalline Group (HKSE:01528) 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.

Red Star Macalline Group's Net-Net Working Capital Per Share for the quarter that ended in Jun. 2024 is

	Net-Net Working Capital Per Share (Q: Jun. 2024 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(2707.82	+	0.75 * 1225.648	+	0.5 * 72.851	-	72812.788
-	0	-	3459.961)	/	4354.733
=	-16.67

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

Red Star Macalline Group's Days Inventory for the three months ended in Jun. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jun. 2024 )	/	Cost of Goods Sold (Q: Jun. 2024 )	*	Days in Period
	=	123.739	/	379.814	*	365 / 4
	=	29.73

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

Red Star Macalline Group's Inventory Turnover for the quarter that ended in Jun. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Jun. 2024 )	/	Average Total Inventories (Q: Jun. 2024 )
	=	379.814	/	123.739
	=	3.07

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.

Red Star Macalline Group's Inventory to Revenue for the quarter that ended in Jun. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jun. 2024 )	/	Revenue (Q: Jun. 2024 )
	=	123.739	/	2275.084
	=	0.05

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.

Red Star Macalline Group Total Inventories Related Terms

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Red Star Macalline Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Red Star Macalline Group Corp Ltd (HKSE:01528) » Definitions » Total Inventories

Comparable Companies

Traded in Other Exchanges

601828:China

Address

No. 2/5, Lane 1466, Shenchang Road, Minhang District, Shanghai, CHN

Website

https://www.chinaredstar.com

Red Star Macalline Group Corp Ltd operates home improvement and furnishings shopping malls in China. It has various segments: Owned/Leased Portfolio Shopping Malls segment, which is the key revenue driver, leases floor areas to the tenants and provides management support to them; Managed Shopping Malls segment provides initiation, consultation, and management services to its partners and construction contractors to develop and manage the shopping malls under its own brand; Construction and design segment provides building installation and decorating services in shopping malls. Related home decoration and sales of merchandise segment include retail sales of home furnishing merchandise and providing related decorating services. and Others. All of its revenues are derived from the PRC.

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