Feiyang International Holdings Group (HKSE:01901) Total Inventories : HK$5.7 Mil (As of Dec. 2023)

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What is Feiyang International Holdings Group Total Inventories?

Feiyang International Holdings Group's total inventories for the quarter that ended in Dec. 2023 was HK$5.7 Mil. Feiyang International Holdings Group's average total inventories from the quarter that ended in Jun. 2023 to the quarter that ended in Dec. 2023 was HK$6.4 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Feiyang International Holdings Group's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was HK$-0.36.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Feiyang International Holdings Group's Days Inventory for the six months ended in Dec. 2023 was 33.19.

Inventory Turnover measures how fast the company turns over its inventory within a year. Feiyang International Holdings Group's Inventory Turnover for the quarter that ended in Dec. 2023 was 5.50.

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. Feiyang International Holdings Group's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.10.

Feiyang International Holdings Group Total Inventories Historical Data

The historical data trend for Feiyang International Holdings Group'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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Feiyang International Holdings Group Total Inventories Chart

Feiyang International Holdings Group Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Inventories

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5.38

5.74

Feiyang International Holdings Group Semi-Annual Data
	Dec16	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Total Inventories	Get a 7-Day Free Trial									-	0.56	5.38	7.06	5.74

Feiyang International Holdings Group 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.

Feiyang International Holdings Group (HKSE:01901) 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.

Feiyang International Holdings Group'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)
=	(64.526	+	0.75 * 219.927	+	0.5 * 5.742	-	532.35
-	0	-	3.019)	/	832
=	-0.36

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

Feiyang International Holdings Group'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
	=	6.4	/	35.194	*	365 / 2
	=	33.19

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

Feiyang International Holdings Group'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 )
	=	35.194	/	6.4
	=	5.50

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.

Feiyang International Holdings Group'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 )
	=	6.4	/	60.971
	=	0.10

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.

Feiyang International Holdings Group Total Inventories Related Terms

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Feiyang International Holdings Group (HKSE:01901) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Feiyang International Holdings Group Ltd (HKSE:01901) » Definitions » Total Inventories

Comparable Companies

Traded in Other Exchanges

N/A

Address

(1-140) 30 Dashani Street, Haishu District, Zhejiang, Ningbo, CHN

Website

https://www.iflying.com

Feiyang International Holdings Group Ltd is a travel service provider. It is principally engaged in the design, development and sales of outbound travel package tours; the design, development and sales of FIT Products; and the provision of other ancillary travel-related products and services. The company derives maximum revenue from Sales of package tours. Geographically, it generates a majority of revenue from China.

Executives

He Binfeng	2101 Beneficial owner
Qian Jie	2202 Interest of your spouse
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Qian Jie	2202 Interest of your spouse

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