Evergreen Products Group (HKSE:01962) Total Inventories : HK$521.4 Mil (As of Dec. 2023)

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What is Evergreen Products Group Total Inventories?

Evergreen Products Group's total inventories for the quarter that ended in Dec. 2023 was HK$521.4 Mil. Evergreen Products Group's average total inventories from the quarter that ended in Jun. 2023 to the quarter that ended in Dec. 2023 was HK$481.8 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Evergreen Products Group's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was HK$-0.41.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Evergreen Products Group's Days Inventory for the six months ended in Dec. 2023 was 233.36.

Inventory Turnover measures how fast the company turns over its inventory within a year. Evergreen Products Group's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.78.

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. Evergreen Products Group's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.96.

Evergreen Products Group Total Inventories Historical Data

The historical data trend for Evergreen Products 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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Evergreen Products Group Total Inventories Chart

Evergreen Products Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Inventories

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476.61

486.52

471.45

476.03

521.36

Evergreen Products Group Semi-Annual Data
	Dec14	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Total Inventories	Get a 7-Day Free Trial													471.45	495.42	476.03	442.28	521.36

Evergreen Products 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.

Evergreen Products Group (HKSE:01962) 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.

Evergreen Products 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)
=	(90.583	+	0.75 * 214.926	+	0.5 * 521.359	-	786.466
-	0	-	-6.526)	/	655.652
=	-0.41

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

Evergreen Products 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
	=	481.8205	/	376.817	*	365 / 2
	=	233.36

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

Evergreen Products 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 )
	=	376.817	/	481.8205
	=	0.78

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.

Evergreen Products 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 )
	=	481.8205	/	500.047
	=	0.96

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.

Evergreen Products Group Total Inventories Related Terms

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Evergreen Products Group (HKSE:01962) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Evergreen Products Group Ltd (HKSE:01962) » Definitions » Total Inventories

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Traded in Other Exchanges

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Address

30-32 Kung Yip Street, 11th Floor, Chiap Luen Industrial Building, Kwai Chung, New Territories, Hong Kong, HKG

Website

https://www.epfhk.com

Evergreen Products Group Ltd is a manufacturer of hair goods. The group designs, manufacture and sell a wide range of hair goods made with synthetic fibers and human hair, including wigs, hairpieces, braids, and high-end human hair extensions. It boasts a comprehensive product portfolio targeted at different ethnic groups and the Halloween market. Its geographical segments are the United States, China, Bangladesh, United Kingdom, Japan, Germany, and others, of which the majority of its revenue comes from Bangladesh.

Executives

Seavi Advent Investments Ltd	2101 Beneficial owner
Clc Investment Worldwide Limited	2201 Interest of corporation controlled by you
Evergreen Enterprise Holdings Limited	2101 Beneficial owner
Fc Investment Worldwide Limited	2201 Interest of corporation controlled by you
Golden Evergreen Limited	2201 Interest of corporation controlled by you
Hsbc International Trustee Limited	2301 Trustee
Chang Yoe Chong Felix	2101 Beneficial owner
Wong Hor Yan	2202 Interest of your spouse
Chang Chih Lung	2307 Founder of a discretionary trust who can infl
Precision Global Capital Management Llc	2102 Investment manager

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