REM Group (Holdings) (HKSE:01750) Total Inventories : HK$41.1 Mil (As of Jun. 2024)

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What is REM Group (Holdings) Total Inventories?

REM Group (Holdings)'s total inventories for the quarter that ended in Jun. 2024 was HK$41.1 Mil. REM Group (Holdings)'s average total inventories from the quarter that ended in Dec. 2023 to the quarter that ended in Jun. 2024 was HK$38.6 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. REM Group (Holdings)'s Net-Net Working Capital per share for the quarter that ended in Jun. 2024 was HK$0.04.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. REM Group (Holdings)'s Days Inventory for the six months ended in Jun. 2024 was 148.16.

Inventory Turnover measures how fast the company turns over its inventory within a year. REM Group (Holdings)'s Inventory Turnover for the quarter that ended in Jun. 2024 was 1.23.

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. REM Group (Holdings)'s Inventory-to-Revenue for the quarter that ended in Jun. 2024 was 0.64.

REM Group (Holdings) Total Inventories Historical Data

The historical data trend for REM Group (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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REM Group (Holdings) Total Inventories Chart

REM Group (Holdings) Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Total Inventories

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25.96

37.83

36.79

36.19

42.90

REM Group (Holdings) Semi-Annual Data
	Dec15	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													36.79	39.12	36.19	41.07	42.90

REM Group (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.

REM Group (Holdings) (HKSE:01750) 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.

REM Group (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)
=	(55.838	+	0.75 * 45.206	+	0.5 * 41.065	-	37.843
-	0	-	-1.817)	/	1800.000
=	0.04

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

REM Group (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
	=	38.6275	/	47.581	*	365 / 2
	=	148.16

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

REM Group (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 )
	=	47.581	/	38.6275
	=	1.23

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.

REM Group (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 )
	=	38.6275	/	60.21
	=	0.64

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.

REM Group (Holdings) Total Inventories Related Terms

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REM Group (Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » REM Group (Holdings) Ltd (HKSE:01750) » Definitions » Total Inventories

Traded in Other Exchanges

N/A

Address

No. 70 Wing Tai Road, Unit 5, 4th Floor, Chai Wan Industrial City Phase II, Hong Kong, HKG

Website

http://www.rem-group.com.hk

REM Group (Holdings) Ltd is a manufacturer and supplier of low-voltage electrical power distribution and control devices., including low-voltage switchboard, local motor control panel, motor control center, electrical distribution board, control box, and electrical parts and replacements and by location of delivery to customers in Hong Kong and PRC. Geographically, it derives the majority of revenue in PRC.

Executives

Huang Xiao Ying	2202 Interest of your spouse
Unique Best Limited	2101 Beneficial owner
Wan Union Limited	2201 Interest of corporation controlled by you
Wans Limited	2201 Interest of corporation controlled by you
Lam Yin	2202 Interest of your spouse
Leung Ka Wai	2201 Interest of corporation controlled by you
Que Emi	2202 Interest of your spouse
Wan Man Keung	2201 Interest of corporation controlled by you
Wun Chi Wai	2201 Interest of corporation controlled by you
Wan Chak Ming	2101 Beneficial owner
Wan Po Kwan	2101 Beneficial owner

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