Ruisen Life Service Co (HKSE:01922) Total Inventories : HK$9 Mil (As of Dec. 2023)

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What is Ruisen Life Service Co Total Inventories?

Ruisen Life Service Co's total inventories for the quarter that ended in Dec. 2023 was HK$9 Mil. Ruisen Life Service Co's average total inventories from the quarter that ended in Jun. 2023 to the quarter that ended in Dec. 2023 was HK$9 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Ruisen Life Service Co's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was HK$-1.07.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Ruisen Life Service Co's Days Inventory for the six months ended in Dec. 2023 was 1.80.

Inventory Turnover measures how fast the company turns over its inventory within a year. Ruisen Life Service Co's Inventory Turnover for the quarter that ended in Dec. 2023 was 101.15.

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. Ruisen Life Service Co's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.01.

Ruisen Life Service Co Total Inventories Historical Data

The historical data trend for Ruisen Life Service Co'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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Ruisen Life Service Co Total Inventories Chart

Ruisen Life Service Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Inventories

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0.93

5.81

4.34

6.39

8.56

Ruisen Life Service Co Semi-Annual Data
	Dec16	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Total Inventories	Get a 7-Day Free Trial								4.34	6.57	6.39	10.16	8.56

Ruisen Life Service Co 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.

Ruisen Life Service Co (HKSE:01922) 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.

Ruisen Life Service Co'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)
=	(502.535	+	0.75 * 431.75	+	0.5 * 8.562	-	1057.502
-	0	-	58.519)	/	267.152
=	-1.07

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

Ruisen Life Service Co'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
	=	9.361	/	946.846	*	365 / 2
	=	1.80

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

Ruisen Life Service Co'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 )
	=	946.846	/	9.361
	=	101.15

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.

Ruisen Life Service Co'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 )
	=	9.361	/	1122.726
	=	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.

Ruisen Life Service Co Total Inventories Related Terms

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Ruisen Life Service Co Business Description

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Traded in Other Exchanges

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Address

289 Jiangdong Avenue North, 5th Floor, Block A Yincheng Plaza, Jiangsu Province, Nanjing, CHN

Website

http://www.yinchenglife.hk

Ruisen Life Service Co Ltd Formerly Yincheng Life Service Co Ltd is a property management service provider. It provides diversified property management services and value-added services for living communities. The business covers a wide range of properties, including residential and non-residential properties such as government facilities, financial institutions, property sales offices, hospitals, commercial complex, parks, highway service areas.

Executives

First Beijing Investment Limited	2102 Investment manager
Silver Huang Holding Limited	2101 Beneficial owner
Huang Qingping	2201 Interest of corporation controlled by you
Hongkong Ruihua Investment Management Limited	2101 Beneficial owner
Zhang Jianbin	2201 Interest of corporation controlled by you
Jiang Su Rui Hua Tou Zi Kong Gu Ji Tuan You Xian Gong Si	2201 Interest of corporation controlled by you
Silver Zhu Holding Limited	2101 Beneficial owner
Zhu Linnan	2201 Interest of corporation controlled by you

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