Sinic Holdings (Group) Co (HKSE:02103) Total Inventories : HK$72,935 Mil (As of Jun. 2021)

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What is Sinic Holdings (Group) Co Total Inventories?

Sinic Holdings (Group) Co's total inventories for the quarter that ended in Jun. 2021 was HK$72,935 Mil. Sinic Holdings (Group) Co's average total inventories from the quarter that ended in Dec. 2020 to the quarter that ended in Jun. 2021 was HK$64,807 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Sinic Holdings (Group) Co's Net-Net Working Capital per share for the quarter that ended in Jun. 2021 was HK$-17.45.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Sinic Holdings (Group) Co's Days Inventory for the six months ended in Jun. 2021 was 1,115.02.

Inventory Turnover measures how fast the company turns over its inventory within a year. Sinic Holdings (Group) Co's Inventory Turnover for the quarter that ended in Jun. 2021 was 0.16.

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. Sinic Holdings (Group) Co's Inventory-to-Revenue for the quarter that ended in Jun. 2021 was 4.78.

Sinic Holdings (Group) Co Total Inventories Historical Data

The historical data trend for Sinic Holdings (Group) 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.

* Premium members only.

Sinic Holdings (Group) Co Total Inventories Chart

Sinic Holdings (Group) Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Total Inventories

12,910.81

35,729.57

54,132.39

57,629.68

56,679.26

Sinic Holdings (Group) Co Semi-Annual Data
	Dec16	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21
Total Inventories	Get a 7-Day Free Trial			-	57,629.68	56,169.56	56,679.26	72,934.93

Sinic Holdings (Group) 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.

Sinic Holdings (Group) Co (HKSE:02103) 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.

Sinic Holdings (Group) Co's Net-Net Working Capital Per Share for the quarter that ended in Jun. 2021 is

	Net-Net Working Capital Per Share (Q: Jun. 2021 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(24270.089	+	0.75 * 49.38	+	0.5 * 72934.932	-	110903.856
-	0	-	12165.301)	/	3570.19
=	-17.45

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

Sinic Holdings (Group) Co's Days Inventory for the six months ended in Jun. 2021 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jun. 2021 )	/	Cost of Goods Sold (Q: Jun. 2021 )	*	Days in Period
	=	64807.095	/	10607.264	*	365 / 2
	=	1,115.02

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

Sinic Holdings (Group) Co's Inventory Turnover for the quarter that ended in Jun. 2021 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Jun. 2021 )	/	Average Total Inventories (Q: Jun. 2021 )
	=	10607.264	/	64807.095
	=	0.16

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.

Sinic Holdings (Group) Co's Inventory to Revenue for the quarter that ended in Jun. 2021 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jun. 2021 )	/	Revenue (Q: Jun. 2021 )
	=	64807.095	/	13552.994
	=	4.78

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.

Sinic Holdings (Group) Co Total Inventories Related Terms

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Sinic Holdings (Group) Co (HKSE:02103) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Sinic Holdings (Group) Co Ltd (HKSE:02103) » Definitions » Total Inventories

Traded in Other Exchanges

N/A

Address

No. 988 ShenChang Road, 7th Floor, HongQiao Vanke Center T6, MinHang District, Shanghai, CHN

Website

http://www.sinicdc.com

Sinic Holdings (Group) Co Ltd is a Cayman Islands-based property developer. It is engaged in the development of residential and commercial properties. The company offers property development, property leasing, and the provision of management consulting services. It generates revenue through the sale of properties and mainly operates in Mainland China.

Executives

Zhang Yuanlin	2101 Beneficial owner
Wu Chengping	2202 Interest of your spouse
Honoured Ever Oriental Holdings Limited	2201 Interest of corporation controlled by you
Sinic Group Company Limited	2201 Interest of corporation controlled by you
Sinic Holdings Group Company Limited	2101 Beneficial owner
Tmf (cayman) Ltd.	2301 Trustee
Xin Hong Company Limited	2201 Interest of corporation controlled by you

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