Huisen Shares Group (HKSE:02127) Total Inventories : HK$960 Mil (As of Dec. 2023)

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What is Huisen Shares Group Total Inventories?

Huisen Shares Group's total inventories for the quarter that ended in Dec. 2023 was HK$960 Mil. Huisen Shares Group's average total inventories from the quarter that ended in Jun. 2023 to the quarter that ended in Dec. 2023 was HK$1,061 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Huisen Shares Group's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was HK$0.24.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Huisen Shares Group's Days Inventory for the six months ended in Dec. 2023 was 94.58.

Inventory Turnover measures how fast the company turns over its inventory within a year. Huisen Shares Group's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.93.

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. Huisen Shares Group's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.45.

Huisen Shares Group Total Inventories Historical Data

The historical data trend for Huisen Shares 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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Huisen Shares Group Total Inventories Chart

Huisen Shares Group Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Inventories

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190.76

178.24

263.82

1,163.40

960.07

Huisen Shares Group Semi-Annual Data
	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Total Inventories	Get a 7-Day Free Trial							263.82	283.01	1,163.40	1,161.35	960.07

Huisen Shares 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.

Huisen Shares Group (HKSE:02127) 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.

Huisen Shares 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)
=	(521.027	+	0.75 * 1669.681	+	0.5 * 960.072	-	1509.103
-	0	-	-1.671)	/	3069.09
=	0.24

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

Huisen Shares 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
	=	1060.7095	/	2046.737	*	365 / 2
	=	94.58

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

Huisen Shares 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 )
	=	2046.737	/	1060.7095
	=	1.93

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.

Huisen Shares 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 )
	=	1060.7095	/	2361.097
	=	0.45

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.

Huisen Shares Group Total Inventories Related Terms

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Huisen Shares Group (HKSE:02127) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Huisen Shares Group Ltd (HKSE:02127) » Definitions » Total Inventories

Comparable Companies

Traded in Other Exchanges

N/A

Address

Huisen Road, Daluo Industrial Park, Longnan Economic Technology Development Zone, Jiangxi Province, Longnan, CHN

Website

http://www.jxhmgroup.com

Huisen Household International Group Ltd is principally engaged in the manufacturing and selling of panel-type furniture, upholstered furniture, sport-type furniture, customized furniture, and furniture ornaments. The company offers comprehensive manufacturing solutions to its customers, with the capabilities to design, develop and manufacture functional and economical panel furniture, upholstered furniture, and other furniture such as outdoor furniture and sports and recreational equipment. The company is also engaged in the manufacture and sale of hardware furniture and furniture ornaments. The company generates the majority of its revenue from panel-type furniture.

Executives

Pure Cypress Limited	2101 Beneficial owner
Zeng Ming	2201 Interest of corporation controlled by you
Zeng Ronghua	2202 Interest of your spouse
Goh Siok Teng	2201 Interest of corporation controlled by you
Yggies World Pte. Ltd.	2101 Beneficial owner
Kwok Hong Yiew	2201 Interest of corporation controlled by you
Kwok Properties Pte. Ltd.	2101 Beneficial owner

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