Gaodi Holdings (HKSE:01676) Total Inventories : HK$86.6 Mil (As of Jun. 2023)

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What is Gaodi Holdings Total Inventories?

Gaodi Holdings's total inventories for the quarter that ended in Jun. 2023 was HK$86.6 Mil. Gaodi Holdings's average total inventories from the quarter that ended in Jun. 2022 to the quarter that ended in Jun. 2023 was HK$97.6 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Gaodi Holdings's Net-Net Working Capital per share for the quarter that ended in Jun. 2023 was HK$1.07.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Gaodi Holdings's Days Inventory for the six months ended in Jun. 2023 was 31.73.

Inventory Turnover measures how fast the company turns over its inventory within a year. Gaodi Holdings's Inventory Turnover for the quarter that ended in Jun. 2023 was 5.75.

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. Gaodi Holdings's Inventory-to-Revenue for the quarter that ended in Jun. 2023 was 0.17.

Gaodi Holdings Total Inventories Historical Data

The historical data trend for Gaodi 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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Gaodi Holdings Total Inventories Chart

Gaodi Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Total Inventories

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49.27

79.86

88.03

89.44

75.60

Gaodi Holdings Semi-Annual Data
	Dec14	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Jun23
Total Inventories	Get a 7-Day Free Trial											89.44	85.75	75.60	108.66	86.61

Gaodi 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.

Gaodi Holdings (HKSE:01676) 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.

Gaodi Holdings's Net-Net Working Capital Per Share for the quarter that ended in Jun. 2023 is

	Net-Net Working Capital Per Share (Q: Jun. 2023 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(72.716	+	0.75 * 114.167	+	0.5 * 86.607	-	73.141
-	0	-	-0.229)	/	120
=	1.07

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

Gaodi Holdings's Days Inventory for the six months ended in Jun. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jun. 2023 )	/	Cost of Goods Sold (Q: Jun. 2023 )	*	Days in Period
	=	97.631	/	561.616	*	365 / 2
	=	31.73

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

Gaodi Holdings's Inventory Turnover for the quarter that ended in Jun. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Jun. 2023 )	/	Average Total Inventories (Q: Jun. 2023 )
	=	561.616	/	97.631
	=	5.75

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.

Gaodi Holdings's Inventory to Revenue for the quarter that ended in Jun. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jun. 2023 )	/	Revenue (Q: Jun. 2023 )
	=	97.631	/	579.93
	=	0.17

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.

Gaodi Holdings Total Inventories Related Terms

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Gaodi Holdings (HKSE:01676) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Gaodi Holdings Ltd (HKSE:01676) » Definitions » Total Inventories

Traded in Other Exchanges

N/A

Address

5th Floor, No. 5 Factory Meixi Road, Huandong Waters Tongon District, Huli Industrial Park, Fujian Province, Xiamen, CHN

Website

http://www.chinashenghaigroup.com

China Shenghai Group Ltd is engaged in the packaging and sales of seafood products and procurement and sales of fast moving consumer goods and others to the supermarket chains and convenience stores located across China. The company's products are categorized into dried seafood, algae and fungi, seafood snack and frozen seafood products. It has also developed new business on FMCG and cosmetics in Hong Kong and China. Its operating segments include packaging and sales of marine products segment and all other segment. It derives majority of the revenue from packaging and sales of marine products segment.

Executives

Foton Holdings Limited	2101 Beneficial owner
Yang Liqiong	2101 Beneficial owner
Ultima Prime Investment Limited	2501 Other
Arab Osman Mohammed	2104 Agent
Lai Wing Lun	2104 Agent
Rui Qi You Xian Gong Si	2101 Beneficial owner
Lau Shek Yau John	2101 Beneficial owner
Lin Yueying	2202 Interest of your spouse
Liu Rongru	2201 Interest of corporation controlled by you

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