EC Healthcare (HKSE:02138) Total Inventories : HK$107 Mil (As of Mar. 2024)

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What is EC Healthcare Total Inventories?

EC Healthcare's total inventories for the quarter that ended in Mar. 2024 was HK$107 Mil. EC Healthcare's average total inventories from the quarter that ended in Sep. 2023 to the quarter that ended in Mar. 2024 was HK$111 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. EC Healthcare's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was HK$-2.17.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. EC Healthcare's Days Inventory for the six months ended in Mar. 2024 was 60.68.

Inventory Turnover measures how fast the company turns over its inventory within a year. EC Healthcare's Inventory Turnover for the quarter that ended in Mar. 2024 was 3.01.

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. EC Healthcare's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.05.

EC Healthcare Total Inventories Historical Data

The historical data trend for EC Healthcare'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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EC Healthcare Total Inventories Chart

EC Healthcare Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Total Inventories

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59.63

39.52

101.10

86.89

107.09

EC Healthcare Semi-Annual Data
	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24
Total Inventories	Get a 7-Day Free Trial															86.70	86.89	114.74	107.09	143.14

EC Healthcare 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.

EC Healthcare (HKSE:02138) 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.

EC Healthcare's Net-Net Working Capital Per Share for the quarter that ended in Mar. 2024 is

	Net-Net Working Capital Per Share (Q: Mar. 2024 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(606.315	+	0.75 * 263.016	+	0.5 * 107.087	-	2970.283
-	0	-	441.426)	/	1175.25
=	-2.17

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

EC Healthcare's Days Inventory for the six months ended in Mar. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2024 )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
	=	110.911	/	333.573	*	365 / 2
	=	60.68

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

EC Healthcare's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Mar. 2024 )	/	Average Total Inventories (Q: Mar. 2024 )
	=	333.573	/	110.911
	=	3.01

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.

EC Healthcare's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	110.911	/	2089.722
	=	0.05

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.

EC Healthcare Total Inventories Related Terms

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EC Healthcare Business Description

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1UM0:Germany

Address

979 King’s Road, 20th Floor, Devon House, Taikoo Place, Quarry Bay, Hong Kong, HKG

Website

https://www.echealthcare.com

EC Healthcare is a Hong Kong-based non-hospital medical service provider. The principal activities of the group include the provision of medical services; aesthetic medical services, comprising medical aesthetics and dental services; beauty and wellness services, comprising traditional beauty, haircare, and ancillary wellness services; and the sale of skincare, healthcare, and beauty products. The group caters to its services through the operating segments of Medical which is the key revenue generator segment and Aesthetic medical, beauty and wellness, and Veterinary and others. Geographically, the group has a business presence in Hong Kong, Macau, and the PRC.

Executives

The Goldman Sachs Group, Inc.	2201 Interest of corporation controlled by you
Tang Chi Fai	2202 Interest of your spouse
Yau Ming Li	2101 Beneficial owner
Union Medical Care Holding Limited	2101 Beneficial owner

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