Tianli International Holdings (HKSE:01773) Total Inventories : HK$29 Mil (As of Aug. 2024)

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What is Tianli International Holdings Total Inventories?

Tianli International Holdings's total inventories for the quarter that ended in Aug. 2024 was HK$29 Mil. Tianli International Holdings's average total inventories from the quarter that ended in Feb. 2024 to the quarter that ended in Aug. 2024 was HK$24 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Tianli International Holdings's Net-Net Working Capital per share for the quarter that ended in Aug. 2024 was HK$-3.36.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Tianli International Holdings's Days Inventory for the six months ended in Aug. 2024 was 3.45.

Inventory Turnover measures how fast the company turns over its inventory within a year. Tianli International Holdings's Inventory Turnover for the quarter that ended in Aug. 2024 was 52.87.

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. Tianli International Holdings's Inventory-to-Revenue for the quarter that ended in Aug. 2024 was 0.01.

Tianli International Holdings Total Inventories Historical Data

The historical data trend for Tianli International 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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Tianli International Holdings Total Inventories Chart

Tianli International Holdings Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Aug22

Aug23

Aug24

Total Inventories

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3.94

10.68

21.71

29.46

28.86

Tianli International Holdings Semi-Annual Data
	Dec15	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Feb22	Aug22	Feb23	Aug23	Feb24	Aug24
Total Inventories	Get a 7-Day Free Trial												21.71	33.13	29.46	18.15	28.86

Tianli International 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.

Tianli International Holdings (HKSE:01773) 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.

Tianli International Holdings's Net-Net Working Capital Per Share for the quarter that ended in Aug. 2024 is

	Net-Net Working Capital Per Share (Q: Aug. 2024 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(1481.674	+	0.75 * 20.029	+	0.5 * 28.858	-	8421.401
-	0	-	0.286)	/	2059.106
=	-3.36

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

Tianli International Holdings's Days Inventory for the six months ended in Aug. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Aug. 2024 )	/	Cost of Goods Sold (Q: Aug. 2024 )	*	Days in Period
	=	23.5055	/	1242.823	*	365 / 2
	=	3.45

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

Tianli International Holdings's Inventory Turnover for the quarter that ended in Aug. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Aug. 2024 )	/	Average Total Inventories (Q: Aug. 2024 )
	=	1242.823	/	23.5055
	=	52.87

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.

Tianli International Holdings's Inventory to Revenue for the quarter that ended in Aug. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Aug. 2024 )	/	Revenue (Q: Aug. 2024 )
	=	23.5055	/	1827.518
	=	0.01

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.

Tianli International Holdings Total Inventories Related Terms

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Tianli International Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » Tianli International Holdings Ltd (HKSE:01773) » Definitions » Total Inventories

Comparable Companies

Traded in Other Exchanges

N/A

Address

Qingyang Industrial Zone, Tower T25, Sichuan Province, Chengdu, CHN

Website

https://www.tianlieducation.com

Tianli International Holdings Ltd operates as a private education service provider in Western China. The Company provides clients with integrated education management and diversified services. Its services mainly include comprehensive education services, training services, study trip services, early childhood education services, canteen operations, management and franchise, as well as supply chain management services. The Company also offers extracurricular programs in music, arts, physical education and languages, as well as licensing rights to its brands for early childhood centers. Geographically, it derives revenue from PRC.

Executives

First Beijing Investment Limited	2102 Investment manager
Norges Bank	2101 Beneficial owner
Luo Shi	2201 Interest of corporation controlled by you
Tu Mengxuan	2202 Interest of your spouse
Sky Elite Limited	2101 Beneficial owner
Tct (bvi) Limited	2501 Other
The Core Trust Company Limited	2301 Trustee

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