Time Watch Investments (HKSE:02033) Total Inventories : HK$187.4 Mil (As of Jun. 2024)

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What is Time Watch Investments Total Inventories?

Time Watch Investments's total inventories for the quarter that ended in Jun. 2024 was HK$187.4 Mil. Time Watch Investments's average total inventories from the quarter that ended in Dec. 2023 to the quarter that ended in Jun. 2024 was HK$208.5 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Time Watch Investments's Net-Net Working Capital per share for the quarter that ended in Jun. 2024 was HK$0.54.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Time Watch Investments's Days Inventory for the six months ended in Jun. 2024 was 308.08.

Inventory Turnover measures how fast the company turns over its inventory within a year. Time Watch Investments's Inventory Turnover for the quarter that ended in Jun. 2024 was 0.59.

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. Time Watch Investments's Inventory-to-Revenue for the quarter that ended in Jun. 2024 was 0.46.

Time Watch Investments Total Inventories Historical Data

The historical data trend for Time Watch Investments'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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Time Watch Investments Total Inventories Chart

Time Watch Investments Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Total Inventories

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374.32

378.68

354.42

228.63

187.38

Time Watch Investments Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Total Inventories	Get a 7-Day Free Trial															354.42	280.30	228.63	229.57	187.38

Time Watch Investments 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.

Time Watch Investments (HKSE:02033) 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.

Time Watch Investments'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)
=	(1153.7	+	0.75 * 131.579	+	0.5 * 187.384	-	224.705
-	0	-	1.576)	/	2058.07
=	0.54

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

Time Watch Investments'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
	=	208.477	/	123.499	*	365 / 2
	=	308.08

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

Time Watch Investments'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 )
	=	123.499	/	208.477
	=	0.59

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.

Time Watch Investments'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 )
	=	208.477	/	449.072
	=	0.46

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.

Time Watch Investments Total Inventories Related Terms

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Time Watch Investments Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Time Watch Investments Ltd (HKSE:02033) » Definitions » Total Inventories

Comparable Companies

Traded in Other Exchanges

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Address

77 Wing Hong Street, 27th Floor, CEO Tower, Kowloon, Hong Kong, HKG

Website

https://www.timewatch.com.hk

Time Watch Investments Ltd is an investment holding company that operates as a manufacturer, brand-owner, and retailer of watches in the People's Republic of China (PRC). The company operates through following segments: Tian Wang Watch Business, Watch Movements Trading Business, and Other Brands (PRC) Business. The company generates maximum revenue from the Tian Wang Watch Business that involves manufacturing, the wholesale and retail business of owned brand watches, Tian Wang Watch. Its geographical segments include the PRC, which is the key revenue generator, and the Asia Pacific.

Executives

Tung Koon Ming	2305 Beneficiary of a trust
Tung Koon Ming Family (ptc) Limited	2301 Trustee
Red Glory Investments Limited
Tam Fun Hung
Webb David Michael	2101 Beneficial owner
Areo Holdings Limited	2201 Interest of corporation controlled by you
Oav Holdings, L.p.	2201 Interest of corporation controlled by you
Orchid Asia V Gp, Limited	2201 Interest of corporation controlled by you
Orchid Asia V Group Management, Limited	2201 Interest of corporation controlled by you
Orchid Asia V Group, Limited	2201 Interest of corporation controlled by you
Orchid Asia V, L.p.	2101 Beneficial owner
Lam Lai Ming	2201 Interest of corporation controlled by you
Li Gabriel	2201 Interest of corporation controlled by you

Time Watch Investments Headlines

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