Ever Sunshine Services Group (HKSE:01995) Total Inventories : HK$3 Mil (As of Dec. 2023)

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What is Ever Sunshine Services Group Total Inventories?

Ever Sunshine Services Group's total inventories for the quarter that ended in Dec. 2023 was HK$3 Mil. Ever Sunshine Services Group's average total inventories from the quarter that ended in Jun. 2023 to the quarter that ended in Dec. 2023 was HK$4 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Ever Sunshine Services Group's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was HK$0.14.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Ever Sunshine Services Group's Days Inventory for the six months ended in Dec. 2023 was 0.24.

Inventory Turnover measures how fast the company turns over its inventory within a year. Ever Sunshine Services Group's Inventory Turnover for the quarter that ended in Dec. 2023 was 773.63.

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. Ever Sunshine Services Group's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.00.

Ever Sunshine Services Group Total Inventories Historical Data

The historical data trend for Ever Sunshine Services 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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Ever Sunshine Services Group Total Inventories Chart

Ever Sunshine Services Group Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Inventories

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4.35

3.33

3.49

Ever Sunshine Services Group Semi-Annual Data
	Dec15	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Total Inventories	Get a 7-Day Free Trial											4.35	4.06	3.33	4.27	3.49

Ever Sunshine Services 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.

Ever Sunshine Services Group (HKSE:01995) 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.

Ever Sunshine Services 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)
=	(2565.758	+	0.75 * 2678.444	+	0.5 * 3.49	-	3954.677
-	0	-	372.506)	/	1743.88
=	0.14

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

Ever Sunshine Services 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
	=	3.8795	/	3001.301	*	365 / 2
	=	0.24

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

Ever Sunshine Services 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 )
	=	3001.301	/	3.8795
	=	773.63

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.

Ever Sunshine Services 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 )
	=	3.8795	/	3668.238
	=	0.00

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.

Ever Sunshine Services Group Total Inventories Related Terms

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Ever Sunshine Services Group (HKSE:01995) Business Description

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Traded in Other Exchanges

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Address

Lane 1088, Shenhong Road, 6th Floor, Building 5, Henderson CIFI Center, Minhang District, Shanghai, CHN

Website

http://www.ysservice.com.cn

CIFI Ever Sunshine Services Group Ltd is a property management service provider in China. The company's property portfolio includes residential and non-residential properties such as offices, shopping malls, schools, and government buildings. The firm operates in three business lines, namely, property management services, community value-added services, and value-added services to non-property owners. It provides its property management services in China from where it generates the maximum revenue.

Executives

Lin Feng
Lin Wei	2501 Other
Lin Zhong	2501 Other
Yu Chieh Jet	2101 Beneficial owner
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