Honworld Group (HKSE:02226) Total Inventories : HK$706.5 Mil (As of Dec. 2023)

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What is Honworld Group Total Inventories?

Honworld Group's total inventories for the quarter that ended in Dec. 2023 was HK$706.5 Mil. Honworld Group's average total inventories from the quarter that ended in Jun. 2023 to the quarter that ended in Dec. 2023 was HK$703.1 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Honworld Group's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was HK$-5.86.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Honworld Group's Days Inventory for the six months ended in Dec. 2023 was 1,160.74.

Inventory Turnover measures how fast the company turns over its inventory within a year. Honworld Group's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.16.

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. Honworld Group's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 4.91.

Honworld Group Total Inventories Historical Data

The historical data trend for Honworld 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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Honworld Group Total Inventories Chart

Honworld Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Inventories

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1,191.45

811.93

800.33

722.22

706.47

Honworld Group 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															800.33	751.93	722.22	699.66	706.47

Honworld 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.

Honworld Group (HKSE:02226) 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.

Honworld Group'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)
=	(11.073	+	0.75 * 22.723	+	0.5 * 706.471	-	3769.96
-	0	-	0)	/	578.75
=	-5.86

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

Honworld Group'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
	=	703.067	/	110.541	*	365 / 2
	=	1,160.74

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

Honworld Group'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 )
	=	110.541	/	703.067
	=	0.16

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.

Honworld Group'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 )
	=	703.067	/	143.277
	=	4.91

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.

Honworld Group Total Inventories Related Terms

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Honworld Group (HKSE:02226) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Honworld Group Ltd (HKSE:02226) » Definitions » Total Inventories

Traded in Other Exchanges

N/A

Address

No.299, Zhongxing Avenue, Balidian Town, Food and Industrial Park, Wuxing District, Zhejiang Province, Huzhou, CHN, 313000

Website

http://www.hzlaohenghe.com

Honworld Group Ltd is a China-based investment holding company. Through its subsidiaries, the company is engaged in manufacturing and selling condiment products under the brand name of Lao Heng He in the PRC. Its product categories include High-end, Normal, and Catering Services. The products include healthy brewed cooking wine as well as other condiments, including naturally-brewed soy sauce, naturally-brewed vinegar, soybean paste, sesame oil, and fermented bean curd company operates in a single segment named as Food segment.

Executives

Hu Zhou Shi Wu Xing Qu Guo You Zi Ben Jian Du Guan Li Fu Wu Zhong Xin	2201 Interest of corporation controlled by you
Mao Huixin	2101 Beneficial owner
Lcm-iv General Partner Ltd	2101 Beneficial owner
Lunar Capital Partners Iv Gp, Lp	2101 Beneficial owner
Lunar Capital Partners Iv Lp	2101 Beneficial owner
Natural Seasoning International (hk) Limited	2101 Beneficial owner
Natural Seasoning International Limited	2101 Beneficial owner
Chen Weizhong	2201 Interest of corporation controlled by you
Xing Liyu	2202 Interest of your spouse
Key Shine Global Holdings Limited	2101 Beneficial owner
Osiris International Trustees Limited	2201 Interest of corporation controlled by you
Super Sun & Moon Co., Limited	2201 Interest of corporation controlled by you
Zhong Hai Cheng Feng Bei Jing Zi Ben Guan Li You Xian Gong Si	2201 Interest of corporation controlled by you
Tcl Technology Group Corporation (formerly Known As Tcl Corporation)	2201 Interest of corporation controlled by you

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