Ronshine Service Holding Co (HKSE:02207) Total Inventories : HK$1.9 Mil (As of Dec. 2023)

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What is Ronshine Service Holding Co Total Inventories?

Ronshine Service Holding Co's total inventories for the quarter that ended in Dec. 2023 was HK$1.9 Mil. Ronshine Service Holding Co's average total inventories from the quarter that ended in Jun. 2023 to the quarter that ended in Dec. 2023 was HK$1.4 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Ronshine Service Holding Co's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was HK$0.91.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Ronshine Service Holding Co's Days Inventory for the six months ended in Dec. 2023 was 0.63.

Inventory Turnover measures how fast the company turns over its inventory within a year. Ronshine Service Holding Co's Inventory Turnover for the quarter that ended in Dec. 2023 was 288.44.

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. Ronshine Service Holding Co's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.00.

Ronshine Service Holding Co Total Inventories Historical Data

The historical data trend for Ronshine Service Holding 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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Ronshine Service Holding Co Total Inventories Chart

Ronshine Service Holding Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Inventories

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2.10

1.93

1.90

Ronshine Service Holding Co Semi-Annual Data
	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Total Inventories	Get a 7-Day Free Trial					2.10	2.28	1.93	0.94	1.90

Ronshine Service Holding 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.

Ronshine Service Holding Co (HKSE:02207) 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.

Ronshine Service Holding Co'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)
=	(822.306	+	0.75 * 370.856	+	0.5 * 1.901	-	640.564
-	0	-	0)	/	508.104
=	0.91

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

Ronshine Service Holding Co'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
	=	1.422	/	410.159	*	365 / 2
	=	0.63

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

Ronshine Service Holding Co'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 )
	=	410.159	/	1.422
	=	288.44

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.

Ronshine Service Holding Co'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 )
	=	1.422	/	506.576
	=	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.

Ronshine Service Holding Co Total Inventories Related Terms

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Ronshine Service Holding Co (HKSE:02207) Business Description

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Address

Lane 226 Panyang Road, Room 401-3, Building No. 6, Minhang District, Shanghai, CHN

Website

http://www.rxswy.com

Ronshine Service Holding Co Ltd is principally engaged in the provision of property management services and related value-added services, including pre-delivery services, household assistance services, sales services, and other services in China. The company derives a majority of its revenue from the People's Republic of China.

Executives

Ou Zonghong	2307 Founder of a discretionary trust who can infl
Hsbc International Trustee Limited	2301 Trustee
Rongan Juxiang Co., Ltd	2201 Interest of corporation controlled by you
Rongxin Yipin Co., Ltd	2101 Beneficial owner
Fumei International Co., Ltd	2101 Beneficial owner

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