China Tourism Group Duty Free (HKSE:01880) Total Inventories : HK$18,522 Mil (As of Dec. 2024)

View and export this data going back to 2022. Start your Free Trial

What is China Tourism Group Duty Free Total Inventories?

China Tourism Group Duty Free's total inventories for the quarter that ended in Dec. 2024 was HK$18,522 Mil. China Tourism Group Duty Free's average total inventories from the quarter that ended in Sep. 2024 to the quarter that ended in Dec. 2024 was HK$19,549 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. China Tourism Group Duty Free's Net-Net Working Capital per share for the quarter that ended in Dec. 2024 was HK$11.55.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. China Tourism Group Duty Free's Days Inventory for the three months ended in Dec. 2024 was 173.78.

Inventory Turnover measures how fast the company turns over its inventory within a year. China Tourism Group Duty Free's Inventory Turnover for the quarter that ended in Dec. 2024 was 0.53.

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. China Tourism Group Duty Free's Inventory-to-Revenue for the quarter that ended in Dec. 2024 was 1.36.

China Tourism Group Duty Free Total Inventories Historical Data

The historical data trend for China Tourism Group Duty Free'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.

* Premium members only.

China Tourism Group Duty Free Total Inventories Chart

China Tourism Group Duty Free Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Total Inventories

Get a 7-Day Free Trial

17,465.01

24,152.25

31,185.91

23,031.61

18,522.38

China Tourism Group Duty Free Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Total Inventories	Get a 7-Day Free Trial															23,031.61	19,111.79	20,469.96	20,575.08	18,522.38

China Tourism Group Duty Free 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.

China Tourism Group Duty Free (HKSE:01880) 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.

China Tourism Group Duty Free's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2024 is

	Net-Net Working Capital Per Share (Q: Dec. 2024 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(37173.476	+	0.75 * 71.102	+	0.5 * 18522.384	-	16348.234
-	0	-	6247.623)	/	2068.859
=	11.55

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

China Tourism Group Duty Free's Days Inventory for the three months ended in Dec. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2024 )	/	Cost of Goods Sold (Q: Dec. 2024 )	*	Days in Period
	=	19548.733	/	10264.897	*	365 / 4
	=	173.78

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

China Tourism Group Duty Free's Inventory Turnover for the quarter that ended in Dec. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Dec. 2024 )	/	Average Total Inventories (Q: Dec. 2024 )
	=	10264.897	/	19548.733
	=	0.53

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.

China Tourism Group Duty Free's Inventory to Revenue for the quarter that ended in Dec. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2024 )	/	Revenue (Q: Dec. 2024 )
	=	19548.733	/	14363.673
	=	1.36

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.

China Tourism Group Duty Free Total Inventories Related Terms

Thank you for viewing the detailed overview of China Tourism Group Duty Free's Total Inventories provided by GuruFocus.com. Please click on the following links to see related term pages.

China Tourism Group Duty Free Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » China Tourism Group Duty Free Corp Ltd (HKSE:01880) » Definitions » Total Inventories

Comparable Companies

Traded in Other Exchanges

601888:China

Address

No. 2A, Dongzhimenwai Street, 8th Floor, Building A, Dongcheng District, Beijing, CHN, 100027

Website

https://www.ctgdutyfree.com.cn

Established in 1984, China Tourism Group Duty Free is China's largest and the world's second-largest travel retailer in 2023 with revenue of CNY 67.5 billion. The company primarily operates duty-free stores at airports, border crossings, offshore, downtown, and on flights, cruises and ships, with about 200 stores spanning over 30 provinces in China, as well as overseas. The company also operates a duty-paid business and its 2023 revenue mix comprised 66% duty-free sales and 34% duty-paid sales and others. CTG Duty Free is 50.3% owned by China Tourism Group, a state-owned enterprise that falls directly under the state-owned Asset Supervision and Administration Commission of the State Council.

Executives

Jpmorgan Chase & Co.	2201 Interest of corporation controlled by you
Rui Zhong Ren Shou Bao Xian You Xian Ze Ren Gong Si	2101 Beneficial owner
Blackrock, Inc.	2201 Interest of corporation controlled by you
Citigroup Inc.	2201 Interest of corporation controlled by you
Aggregate Of Abrdn Plc Affiliated Investment Management Entities	2102 Investment manager
Morgan Stanley	2201 Interest of corporation controlled by you
Bank Of America Corporation
The Capital Group Companies, Inc.	2201 Interest of corporation controlled by you
Gic Private Limited	2102 Investment manager
Brown Brothers Harriman & Co.	2502 Approved lending agent

China Tourism Group Duty Free Headlines

No Headlines