Diwang Industrial Holdings (HKSE:01950) Total Inventories : HK$185.1 Mil (As of Jun. 2024)

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What is Diwang Industrial Holdings Total Inventories?

Diwang Industrial Holdings's total inventories for the quarter that ended in Jun. 2024 was HK$185.1 Mil. Diwang Industrial Holdings's average total inventories from the quarter that ended in Dec. 2023 to the quarter that ended in Jun. 2024 was HK$151.8 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Diwang Industrial Holdings's Net-Net Working Capital per share for the quarter that ended in Jun. 2024 was HK$0.22.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Diwang Industrial Holdings's Days Inventory for the six months ended in Jun. 2024 was 169.12.

Inventory Turnover measures how fast the company turns over its inventory within a year. Diwang Industrial Holdings's Inventory Turnover for the quarter that ended in Jun. 2024 was 1.08.

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. Diwang Industrial Holdings's Inventory-to-Revenue for the quarter that ended in Jun. 2024 was 0.48.

Diwang Industrial Holdings Total Inventories Historical Data

The historical data trend for Diwang Industrial Holdings'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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Diwang Industrial Holdings Total Inventories Chart

Diwang Industrial Holdings Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Inventories

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19.64

21.33

38.30

109.71

118.47

Diwang Industrial Holdings Semi-Annual Data
	Dec16	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Total Inventories	Get a 7-Day Free Trial									51.09	109.71	145.95	118.47	185.14

Diwang Industrial Holdings 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.

Diwang Industrial Holdings (HKSE:01950) 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.

Diwang Industrial Holdings'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)
=	(53.994	+	0.75 * 230.287	+	0.5 * 185.143	-	136.05
-	0	-	26.545)	/	720
=	0.22

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

Diwang Industrial Holdings'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
	=	151.806	/	163.815	*	365 / 2
	=	169.12

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

Diwang Industrial Holdings'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 )
	=	163.815	/	151.806
	=	1.08

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.

Diwang Industrial Holdings'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 )
	=	151.806	/	314.167
	=	0.48

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.

Diwang Industrial Holdings Total Inventories Related Terms

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Diwang Industrial Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Diwang Industrial Holdings Ltd (HKSE:01950) » Definitions » Total Inventories

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.2, Jiangshan Road, Meicheng Town, Jiande County, Zhejiang Province, Hangzhou, CHN

Website

http://www.slkj.cn

Diwang Industrial Holdings Ltd, formerly Sunlight Technology Holdings Ltd, is an investment holding company mainly engaged in the faux leather chemicals business. The Company's business includes research and development, manufacturing and sale of coating agents and synthetic resins. The Company provides a wide range of faux leather chemical products, including colorants, namely, color paste and color chips, finishes, additives, and synthetic resins, for the manufacturing of polyurethane (PU) leather and polyvinyl chloride (PVC) leather. The Company distributes its products within the domestic market and to overseas markets.

Executives

Zheng Xiuyue	2101 Beneficial owner
Wong Waiyip
Cai Jianming	2201 Interest of corporation controlled by you
Chen Hua	2201 Interest of corporation controlled by you
Chen Yong	2201 Interest of corporation controlled by you
He Zhangcai	2201 Interest of corporation controlled by you
Li Xiangyu	2201 Interest of corporation controlled by you
Lilian Global Investment Limited	2101 Beneficial owner
Liu Jing	2201 Interest of corporation controlled by you
Sunlight Global Investment Limited	2101 Beneficial owner
Zhao Xuesheng	2201 Interest of corporation controlled by you
Zhu Jianqin	2201 Interest of corporation controlled by you

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