Shanghai Conant Optical Co (HKSE:02276) Total Inventories : HK$553 Mil (As of Jun. 2024)

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What is Shanghai Conant Optical Co Total Inventories?

Shanghai Conant Optical Co's total inventories for the quarter that ended in Jun. 2024 was HK$553 Mil. Shanghai Conant Optical Co's average total inventories from the quarter that ended in Dec. 2023 to the quarter that ended in Jun. 2024 was HK$543 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Shanghai Conant Optical Co's Net-Net Working Capital per share for the quarter that ended in Jun. 2024 was HK$1.15.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Shanghai Conant Optical Co's Days Inventory for the six months ended in Jun. 2024 was 154.87.

Inventory Turnover measures how fast the company turns over its inventory within a year. Shanghai Conant Optical Co's Inventory Turnover for the quarter that ended in Jun. 2024 was 1.18.

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. Shanghai Conant Optical Co's Inventory-to-Revenue for the quarter that ended in Jun. 2024 was 0.52.

Shanghai Conant Optical Co Total Inventories Historical Data

The historical data trend for Shanghai Conant Optical 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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Shanghai Conant Optical Co Total Inventories Chart

Shanghai Conant Optical Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Inventories

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370.20

463.93

500.70

595.48

532.13

Shanghai Conant Optical Co Semi-Annual Data
	Dec18	Dec19	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Total Inventories	Get a 7-Day Free Trial					472.00	595.48	544.89	532.13	553.29

Shanghai Conant Optical 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.

Shanghai Conant Optical Co (HKSE:02276) 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.

Shanghai Conant Optical Co'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)
=	(659.557	+	0.75 * 435.913	+	0.5 * 553.285	-	774.598
-	0	-	0)	/	426.6
=	1.15

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

Shanghai Conant Optical Co'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
	=	542.7085	/	639.512	*	365 / 2
	=	154.87

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

Shanghai Conant Optical Co'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 )
	=	639.512	/	542.7085
	=	1.18

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.

Shanghai Conant Optical Co'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 )
	=	542.7085	/	1051.133
	=	0.52

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.

Shanghai Conant Optical Co Total Inventories Related Terms

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Shanghai Conant Optical Co Business Description

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GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Shanghai Conant Optical Co Ltd (HKSE:02276) » Definitions » Total Inventories

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Traded in Other Exchanges

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Address

No. 1-42 Lane 83 Hongxiang North Road, 4th Floor, Building 35, Lin-gang Special Area, Pilot Free Trade Zone, Shanghai, CHN

Website

https://www.conantoptical.com.cn

Shanghai Conant Optical Co Ltd is a resin spectacle lens manufacturer in China. The company offers a wide range of resin spectacle lenses to its customers including standardized lenses and customized lenses. The spectacle lenses are also tinted, coated, or cast with various films or coatings for added functionality, such as polarised, photochromic, blue-ray blocking, anti-scratch, anti-reflection, and anti-smudge. Geographically, the company generates a majority of its revenue from Mainland China and the rest from the Americas, Europe, Oceania, Africa, and Asia (except for mainland China).

Executives

Fei Zhengxiang

2101 Beneficial owner

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