Changsha Broad Homes Industrial Group Co (HKSE:02163) Total Inventories : HK$254 Mil (As of Jun. 2024)

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What is Changsha Broad Homes Industrial Group Co Total Inventories?

Changsha Broad Homes Industrial Group Co's total inventories for the quarter that ended in Jun. 2024 was HK$254 Mil. Changsha Broad Homes Industrial Group Co's average total inventories from the quarter that ended in Dec. 2023 to the quarter that ended in Jun. 2024 was HK$256 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Changsha Broad Homes Industrial Group Co's Net-Net Working Capital per share for the quarter that ended in Jun. 2024 was HK$-7.49.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Changsha Broad Homes Industrial Group Co's Days Inventory for the six months ended in Jun. 2024 was 64.43.

Inventory Turnover measures how fast the company turns over its inventory within a year. Changsha Broad Homes Industrial Group Co's Inventory Turnover for the quarter that ended in Jun. 2024 was 2.83.

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. Changsha Broad Homes Industrial Group Co's Inventory-to-Revenue for the quarter that ended in Jun. 2024 was 0.28.

Changsha Broad Homes Industrial Group Co Total Inventories Historical Data

The historical data trend for Changsha Broad Homes Industrial 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.

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Changsha Broad Homes Industrial Group Co Total Inventories Chart

Changsha Broad Homes Industrial Group Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Inventories

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295.62

305.77

415.16

295.09

257.78

Changsha Broad Homes Industrial Group Co Semi-Annual Data
	Dec16	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Total Inventories	Get a 7-Day Free Trial									379.53	295.09	297.95	257.78	254.06

Changsha Broad Homes Industrial 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.

Changsha Broad Homes Industrial Group Co (HKSE:02163) 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.

Changsha Broad Homes Industrial Group Co'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)
=	(102.279	+	0.75 * 2696.667	+	0.5 * 254.062	-	5604.633
-	0	-	299.99)	/	487.639
=	-7.49

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

Changsha Broad Homes Industrial Group Co'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
	=	255.922	/	724.875	*	365 / 2
	=	64.43

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

Changsha Broad Homes Industrial Group Co'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 )
	=	724.875	/	255.922
	=	2.83

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.

Changsha Broad Homes Industrial Group Co'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 )
	=	255.922	/	909.071
	=	0.28

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.

Changsha Broad Homes Industrial Group Co Total Inventories Related Terms

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Changsha Broad Homes Industrial Group Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Changsha Broad Homes Industrial Group Co Ltd (HKSE:02163) » Definitions » Total Inventories

Comparable Companies

Traded in Other Exchanges

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Address

No. 248, Yinshuang Road, Yuelu District, Hunan Province, Changsha, CHN

Website

http://www.bhome.com.cn

Changsha Broad Homes Industrial Group Co Ltd is involved in the construction industry in China. The business activities of the group are conducted through four segments namely PC unit manufacturing business, Modular Integrated Products Manufacturing, Digital EPC, and PC equipment manufacturing business. PC Unit Manufacturing segment derives revenue from the design, manufacturing, and sale of PC units. Geographically, it generates revenue from China.

Executives

Zhang Jian	2202 Interest of your spouse
Li Richard	2201 Interest of corporation controlled by you
Olp Capital Management Limited	2102 Investment manager
Rcwl Inc.	2201 Interest of corporation controlled by you
Shen Di Fan	2201 Interest of corporation controlled by you
Ubs Group Ag	2201 Interest of corporation controlled by you
Franchise Fund Lp	2101 Beneficial owner
Hu Nan Xiang Jiang Xin Qu Fa Zhan Ji Tuan You Xian Gong Si	2201 Interest of corporation controlled by you
Chang Sha Xiang Jiang Zi Chan Guan Li You Xian Gong Si	2305 Beneficiary of a trust
Massachusetts Institute Of Technology	2201 Interest of corporation controlled by you

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