Tian Cheng Holdings (HKSE:02110) Total Inventories : HK$0.0 Mil (As of Nov. 2024)

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What is Tian Cheng Holdings Total Inventories?

Tian Cheng Holdings's total inventories for the quarter that ended in Nov. 2024 was HK$0.0 Mil. Tian Cheng Holdings's average total inventories from the quarter that ended in May. 2024 to the quarter that ended in Nov. 2024 was HK$0.0 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Tian Cheng Holdings's Net-Net Working Capital per share for the quarter that ended in Nov. 2024 was HK$0.01.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Tian Cheng Holdings's Days Inventory for the six months ended in Nov. 2024 was 0.00.

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

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. Tian Cheng Holdings's Inventory-to-Revenue for the quarter that ended in Nov. 2024 was 0.00.

Tian Cheng Holdings Total Inventories Historical Data

The historical data trend for Tian Cheng 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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Tian Cheng Holdings Total Inventories Chart

Tian Cheng Holdings Annual Data

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Total Inventories

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Tian Cheng Holdings Semi-Annual Data
	May17	May18	May19	Nov19	May20	Nov20	May21	Nov21	May22	Nov22	May23	Nov23	May24	Nov24
Total Inventories	Get a 7-Day Free Trial									-	-	-	-	-

Tian Cheng 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.

Tian Cheng Holdings (HKSE:02110) 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.

Tian Cheng Holdings's Net-Net Working Capital Per Share for the quarter that ended in Nov. 2024 is

	Net-Net Working Capital Per Share (Q: Nov. 2024 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(29.599	+	0.75 * 16.067	+	0.5 * 0	-	37.228
-	0	-	0)	/	300.000
=	0.01

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

Tian Cheng Holdings's Days Inventory for the six months ended in Nov. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Nov. 2024 )	/	Cost of Goods Sold (Q: Nov. 2024 )	*	Days in Period
	=	0	/	114.15	*	365 / 2
	=	0.00

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

Tian Cheng Holdings's Inventory Turnover for the quarter that ended in Nov. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Nov. 2024 )	/	Average Total Inventories (Q: Nov. 2024 )
	=	114.15	/	0
	=	N/A

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.

Tian Cheng Holdings's Inventory to Revenue for the quarter that ended in Nov. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Nov. 2024 )	/	Revenue (Q: Nov. 2024 )
	=	0	/	108.14
	=	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.

Tian Cheng Holdings Total Inventories Related Terms

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Tian Cheng Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Tian Cheng Holdings Ltd (HKSE:02110) » Definitions » Total Inventories

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Traded in Other Exchanges

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Address

68 Mody Road, Rooms 506-507A, Empire Centre, Tsim Sha Tsui, Kowloon, Hong Kong, HKG

Website

https://www.tianchengholdings.com.cn

Tian Cheng Holdings Ltd formerly Yue Kan Holdings Ltd is a marine construction works subcontractor. The company's operating segments includes Marine construction works; Other civil engineering works; health and wellness services and Vessel chartering services. It generates maximum revenue from the Marine construction works segment. Geographically, it derives revenue from Hong Kong.

Executives

Ouyang Chengguo	2101 Beneficial owner
Yue Hang Investment Limited	2101 Beneficial owner
Heung Che Kan	2201 Interest of corporation controlled by you
Mok Man Yee Lisa	2202 Interest of your spouse

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