Haichang Ocean Park Holdings (HKSE:02255) Total Inventories : HK$502 Mil (As of Dec. 2023)

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What is Haichang Ocean Park Holdings Total Inventories?

Haichang Ocean Park Holdings's total inventories for the quarter that ended in Dec. 2023 was HK$502 Mil. Haichang Ocean Park Holdings's average total inventories from the quarter that ended in Jun. 2023 to the quarter that ended in Dec. 2023 was HK$500 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Haichang Ocean Park Holdings's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was HK$-0.95.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Haichang Ocean Park Holdings's Days Inventory for the six months ended in Dec. 2023 was 102.61.

Inventory Turnover measures how fast the company turns over its inventory within a year. Haichang Ocean Park Holdings's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.78.

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. Haichang Ocean Park Holdings's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.43.

Haichang Ocean Park Holdings Total Inventories Historical Data

The historical data trend for Haichang Ocean Park 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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Haichang Ocean Park Holdings Total Inventories Chart

Haichang Ocean Park Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Inventories

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427.09

516.39

96.16

501.47

501.54

Haichang Ocean Park 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															96.16	97.10	501.47	499.18	501.54

Haichang Ocean Park 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.

Haichang Ocean Park Holdings (HKSE:02255) 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.

Haichang Ocean Park 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)
=	(1974.188	+	0.75 * 50.542	+	0.5 * 501.538	-	9848.803
-	0	-	111.929)	/	8114
=	-0.95

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

Haichang Ocean Park 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
	=	500.357	/	889.896	*	365 / 2
	=	102.61

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

Haichang Ocean Park 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 )
	=	889.896	/	500.357
	=	1.78

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.

Haichang Ocean Park 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 )
	=	500.357	/	1168.282
	=	0.43

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.

Haichang Ocean Park Holdings Total Inventories Related Terms

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Haichang Ocean Park Holdings (HKSE:02255) Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Haichang Ocean Park Holdings Ltd (HKSE:02255) » Definitions » Total Inventories

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Address

Phase 1, No. 4, Lane 255 Dongyu Road, 31st Floor, Building A, Foreshore Beach World Trade Centre, Pudong New District, Shanghai, CHN, 200123

Website

https://www.haichangoceanpark.com

Haichang Ocean Park Holdings Ltd is a leisure company focused on theme parks. The company operates several theme parks in China with ocean, adventure, and water themes. In addition to theme parks, Haichang owns ancillary commercial properties adjacent to its theme parks that offer complementary services. The company's theme parks and surrounding properties provide rides, sightseeing, entertainment, dining, and shopping. Ocean-themed parks, the style in which Haichang themes most of its parks, focus on marine animal breeding and conservation. Its segments include Park Operations, Operation as a service, and Property Development. Nearly all of its revenues come from Mainland China.

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