Kangqiao Service Group (HKSE:02205) Total Inventories : HK$21 Mil (As of Jun. 2024)

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What is Kangqiao Service Group Total Inventories?

Kangqiao Service Group's total inventories for the quarter that ended in Jun. 2024 was HK$21 Mil. Kangqiao Service Group's average total inventories from the quarter that ended in Dec. 2023 to the quarter that ended in Jun. 2024 was HK$18 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Kangqiao Service Group's Net-Net Working Capital per share for the quarter that ended in Jun. 2024 was HK$0.27.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Kangqiao Service Group's Days Inventory for the six months ended in Jun. 2024 was 8.12.

Inventory Turnover measures how fast the company turns over its inventory within a year. Kangqiao Service Group's Inventory Turnover for the quarter that ended in Jun. 2024 was 22.47.

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. Kangqiao Service Group's Inventory-to-Revenue for the quarter that ended in Jun. 2024 was 0.03.

Kangqiao Service Group Total Inventories Historical Data

The historical data trend for Kangqiao Service 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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Kangqiao Service Group Total Inventories Chart

Kangqiao Service Group Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Total Inventories

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1.32

1.13

15.22

20.12

Kangqiao Service Group Semi-Annual Data
	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Total Inventories	Get a 7-Day Free Trial							1.13	1.46	15.22	21.37	20.12

Kangqiao Service 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.

Kangqiao Service Group (HKSE:02205) 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.

Kangqiao Service Group'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)
=	(371.472	+	0.75 * 670.833	+	0.5 * 21.366	-	639.428
-	0	-	54.61)	/	700.000
=	0.27

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

Kangqiao Service Group'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
	=	18.291	/	410.945	*	365 / 2
	=	8.12

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

Kangqiao Service Group'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 )
	=	410.945	/	18.291
	=	22.47

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.

Kangqiao Service Group'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 )
	=	18.291	/	524.571
	=	0.03

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.

Kangqiao Service Group Total Inventories Related Terms

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Kangqiao Service Group Business Description

Industry

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Traded in Other Exchanges

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Address

Daxue Road, 24F, Huacheng International Center, Erqi District, Henan Province, Zhengzhou, CHN

Website

http://www.kqysh.com.cn

Kangqiao Service Group Ltd is a reputable comprehensive property managements service provider. The group is principally engaged in provision of property management services, related value-added services and city services in the PRC. The company has derived all of its revenue from the PRC. The group derives majority of its revenue from Property management services.

Executives

Dong Yanxia
Hung Fai Property Limited
Trident Trust Company (south Dakota) Inc.
Song Gewei
Kang Qiao Yue Sheng Huo Kong Gu You Xian Gong Si

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