Shifang Holding (HKSE:01831) Total Inventories : HK$0.20 Mil (As of Dec. 2023)

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What is Shifang Holding Total Inventories?

Shifang Holding's total inventories for the quarter that ended in Dec. 2023 was HK$0.20 Mil. Shifang Holding's average total inventories from the quarter that ended in Jun. 2023 to the quarter that ended in Dec. 2023 was HK$0.20 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Shifang Holding's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was HK$-0.20.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Shifang Holding's Days Inventory for the six months ended in Dec. 2023 was 1.17.

Inventory Turnover measures how fast the company turns over its inventory within a year. Shifang Holding's Inventory Turnover for the quarter that ended in Dec. 2023 was 155.67.

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. Shifang Holding's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.01.

Shifang Holding Total Inventories Historical Data

The historical data trend for Shifang Holding'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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Shifang Holding Total Inventories Chart

Shifang Holding Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Total Inventories

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1.61

1.13

1.31

1.27

0.62

Shifang Holding Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Total Inventories	Get a 7-Day Free Trial															1.27	1.19	0.62	0.20	0.20

Shifang Holding 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.

Shifang Holding (HKSE:01831) 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.

Shifang Holding's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2023 is

	Net-Net Working Capital Per Share (Q: Dec. 2023 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(15.579	+	0.75 * 48.138	+	0.5 * 0.202	-	250.013
-	0	-	19.966)	/	1075.45
=	-0.20

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

Shifang Holding's Days Inventory for the six months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	0.202	/	31.446	*	365 / 2
	=	1.17

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

Shifang Holding's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Dec. 2023 )	/	Average Total Inventories (Q: Dec. 2023 )
	=	31.446	/	0.202
	=	155.67

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.

Shifang Holding's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	0.202	/	36.812
	=	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.

Shifang Holding Total Inventories Related Terms

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Shifang Holding Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Shifang Holding Ltd (HKSE:01831) » Definitions » Total Inventories

Comparable Companies

Traded in Other Exchanges

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Address

No. 121 Gutian Road, 6th Floor, Hua Fu Mansion, Gulou District, Fujian Province, Fuzhou, CHN, 350005

Website

http://www.shifangholding.com

Shifang Holding Ltd is an investment holding company engaged in the business of publishing and advertising in the People's Republic of China. The company operates in two business segments; Publishing and advertising segment includes the provision of advertising services, marketing and consulting services, printing services, and agency commission from sales of service pack; The tourism and integrated developments segment include the provision of tourism and integrated services through its media, resort, and eco-tourism integrated development projects and sales of agricultural products, including the Yongtai Distinctive Town Project and Cooperative Project in YongFu Town. Maximum revenue is gained from Publishing and advertising segment. The company operates in the PRC.

Executives

Chen Zhi
Nian Jiaxing	2101 Beneficial owner
Sheng Ping Guo Ji Fa Zhan You Xian Gong Si
Forever Joy Investments Limited	2101 Beneficial owner
Xu Dan	2201 Interest of corporation controlled by you
Shenzhen Energy Gaofei Fund Management Co., Ltd	2101 Beneficial owner
Ye Xuejin	2201 Interest of corporation controlled by you
Victory Color International Investment Limited	2101 Beneficial owner
Wu Yufang	2201 Interest of corporation controlled by you

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