China Partytime Culture Holdings (HKSE:01532) Total Inventories : HK$22.3 Mil (As of Jun. 2024)

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What is China Partytime Culture Holdings Total Inventories?

China Partytime Culture Holdings's total inventories for the quarter that ended in Jun. 2024 was HK$22.3 Mil. China Partytime Culture Holdings's average total inventories from the quarter that ended in Dec. 2023 to the quarter that ended in Jun. 2024 was HK$23.9 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. China Partytime Culture Holdings's Net-Net Working Capital per share for the quarter that ended in Jun. 2024 was HK$0.01.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. China Partytime Culture Holdings's Days Inventory for the six months ended in Jun. 2024 was 32.35.

Inventory Turnover measures how fast the company turns over its inventory within a year. China Partytime Culture Holdings's Inventory Turnover for the quarter that ended in Jun. 2024 was 5.64.

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 Partytime Culture Holdings's Inventory-to-Revenue for the quarter that ended in Jun. 2024 was 0.13.

China Partytime Culture Holdings Total Inventories Historical Data

The historical data trend for China Partytime Culture 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 Partytime Culture Holdings Total Inventories Chart

China Partytime Culture Holdings Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Total Inventories

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16.74

18.14

29.90

25.53

23.66

China Partytime Culture Holdings Semi-Annual Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Total Inventories	Get a 7-Day Free Trial															29.90	8.38	25.53	22.31	23.66

China Partytime Culture 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 Partytime Culture Holdings (HKSE:01532) 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 Partytime Culture Holdings'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)
=	(38.954	+	0.75 * 85.194	+	0.5 * 22.311	-	70.174
-	0	-	28.723)	/	1773.263
=	0.01

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

China Partytime Culture Holdings's Days Inventory for the six 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
	=	23.919	/	134.931	*	365 / 2
	=	32.35

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

China Partytime Culture Holdings'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 )
	=	134.931	/	23.919
	=	5.64

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 Partytime Culture Holdings'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 )
	=	23.919	/	177.241
	=	0.13

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 Partytime Culture Holdings Total Inventories Related Terms

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China Partytime Culture Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » China Partytime Culture Holdings Ltd (HKSE:01532) » Definitions » Total Inventories

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.3 Chunchao Road, Yichun Economic and Technological Development Zone, Jiangxi Province, Yichun, CHN

Website

http://www.partytime.com.cn

China Partytime Culture Holdings Ltd is an investment company. It is engaged in the design, development, production, selling, and marketing of cosplay products (including cosplay costumes and cosplay wigs) and non-cosplay apparel which include mainly sexy lingerie. The operating segments of the group are Wigs; Clothing and others, including cosplay costumes, sexy lingerie, and others; and the Leasing of factory premises involving self-owned or held under leasehold interest. The group derives revenue from the PRC, the U.S., Germany, the U.K., Australia, Holland, Japan and other countries.

Executives

Master Professional Holdings Limited	2101 Beneficial owner
Chen Shucai	2201 Interest of corporation controlled by you
Li Bin	2101 Beneficial owner
Feng Xianhua	2101 Beneficial owner
Ye Wanhong	2201 Interest of corporation controlled by you
Lam Shek Sun	2101 Beneficial owner
Ng Ting Wai	2101 Beneficial owner

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