NVC International Holdings (HKSE:02222) Total Inventories : HK$353 Mil (As of Dec. 2023)

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What is NVC International Holdings Total Inventories?

NVC International Holdings's total inventories for the quarter that ended in Dec. 2023 was HK$353 Mil. NVC International Holdings's average total inventories from the quarter that ended in Jun. 2023 to the quarter that ended in Dec. 2023 was HK$366 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. NVC International Holdings's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was HK$1.30.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. NVC International Holdings's Days Inventory for the six months ended in Dec. 2023 was 104.02.

Inventory Turnover measures how fast the company turns over its inventory within a year. NVC International Holdings's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.75.

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. NVC International Holdings's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.40.

NVC International Holdings Total Inventories Historical Data

The historical data trend for NVC International Holdings'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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NVC International Holdings Total Inventories Chart

NVC International Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Inventories

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429.91

500.32

763.35

500.64

353.28

NVC International Holdings Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Total Inventories	Get a 7-Day Free Trial															763.35	707.73	500.64	379.55	353.28

NVC International Holdings 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.

NVC International Holdings (HKSE:02222) 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.

NVC International Holdings'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)
=	(1041.593	+	0.75 * 384.383	+	0.5 * 353.284	-	698.993
-	0	-	147.059)	/	507.274
=	1.30

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

NVC International Holdings'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
	=	366.416	/	642.871	*	365 / 2
	=	104.02

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

NVC International Holdings'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 )
	=	642.871	/	366.416
	=	1.75

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.

NVC International Holdings'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 )
	=	366.416	/	913.309
	=	0.40

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.

NVC International Holdings Total Inventories Related Terms

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NVC International Holdings (HKSE:02222) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » NVC International Holdings Ltd (HKSE:02222) » Definitions » Total Inventories

Comparable Companies

Traded in Other Exchanges

N/A

Address

Phase 3, Hong Kong Science Park, Unit 705, 7th Floor, Building 20E, Pak Shek Kok, Hong Kong, HKG

Website

https://www.nvc-international.com

NVC International Holdings Ltd is engaged in the lighting industry. Its segment includes NVC brand lighting products - international market, Non-NVC brand lighting products - domestic market, and Non-NVC brand lighting products - international market It offers lighting solutions to hospitality, commercial, and corporate projects across varied industries sectors. The products offered by the company include LED Floodlights, LED Inground lights, LED Under canopy lighting, and LED Linear lighting among others. majority of the revenue of the company is generated from the United States.

Executives

Harbour Faith Enterprises Limited	2101 Beneficial owner
Chan Sin Wa Carrie	2201 Interest of corporation controlled by you
Gold Interact Investment Limited	2106 Person having a security interest in shares
Su Lixin	2101 Beneficial owner
Ye Yong
Canopy Capital Limited	2101 Beneficial owner
Harker Hall Capital Ltd.	2201 Interest of corporation controlled by you
Leap Gain Limited	2201 Interest of corporation controlled by you
Oneworld Legend Limited	2201 Interest of corporation controlled by you
Wang Keven Dun	2201 Interest of corporation controlled by you
Elec-tech International (hk) Co Ltd	2101 Beneficial owner
An Hui De Hao Run Da Dian Qi Gu Fen You Xian Gong Si	2201 Interest of corporation controlled by you
Su Lixin	2101 Beneficial owner
Zhao Yu
Cai Sheng You Xian Gong Si

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