Natural Food International Holding (HKSE:01837) Total Inventories : HK$74 Mil (As of Jun. 2024)

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What is Natural Food International Holding Total Inventories?

Natural Food International Holding's total inventories for the quarter that ended in Jun. 2024 was HK$74 Mil. Natural Food International Holding's average total inventories from the quarter that ended in Dec. 2023 to the quarter that ended in Jun. 2024 was HK$88 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Natural Food International Holding's Net-Net Working Capital per share for the quarter that ended in Jun. 2024 was HK$0.45.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Natural Food International Holding's Days Inventory for the six months ended in Jun. 2024 was 43.72.

Inventory Turnover measures how fast the company turns over its inventory within a year. Natural Food International Holding's Inventory Turnover for the quarter that ended in Jun. 2024 was 4.17.

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. Natural Food International Holding's Inventory-to-Revenue for the quarter that ended in Jun. 2024 was 0.08.

Natural Food International Holding Total Inventories Historical Data

The historical data trend for Natural Food International 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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Natural Food International Holding Total Inventories Chart

Natural Food International Holding Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Inventories

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126.81

109.09

99.61

91.42

102.24

Natural Food International Holding Semi-Annual Data
	Dec15	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Total Inventories	Get a 7-Day Free Trial												84.28	91.42	70.49	102.24	74.35

Natural Food International 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.

Natural Food International Holding (HKSE:01837) 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.

Natural Food International Holding'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)
=	(1075.592	+	0.75 * 201.66	+	0.5 * 74.354	-	271.807
-	0	-	0)	/	2188.51
=	0.45

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

Natural Food International Holding'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
	=	88.2975	/	368.576	*	365 / 2
	=	43.72

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

Natural Food International Holding'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 )
	=	368.576	/	88.2975
	=	4.17

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.

Natural Food International Holding'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 )
	=	88.2975	/	1068.343
	=	0.08

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.

Natural Food International Holding Total Inventories Related Terms

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Natural Food International Holding Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Natural Food International Holding Ltd (HKSE:01837) » Definitions » Total Inventories

Traded in Other Exchanges

N/A

Address

Yuehei Street, No. 8 Haitian 1st Road, 7th Floor, West Tower, Baidu International Building, Binhai Community, Nanshan District, Shenzhen, CHN

Website

http://www.szwgmf.com

Natural Food International Holding Ltd is a natural health food company. Along with its subsidiaries, the company is engaged in processing and selling natural health food in the People's Republic of China. The group sells its products through an extensive network of offline concessionary counters as well as online channels, including e-commerce platforms and self-operated WeChat member stores, of which the majority of revenue is derived through sales made by offline channels. Geographically, the company generates a majority of its revenue from the People's Republic of China.

Executives

Gui Changqing
Zhang Zejun
Yang Zhuoya	2201 Interest of corporation controlled by you
Pepsico, Inc.	2101 Beneficial owner
Beadvance Investments Limited	2101 Beneficial owner
Paddy Aroma Investment Limited
Trident Trust Company (hk) Limited	2301 Trustee
Tian Ran Zi Ben Kong Gu You Xian Gong Si

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