Billion Industrial Holdings (HKSE:02299) Total Inventories : HK$5,046 Mil (As of Jun. 2024)

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What is Billion Industrial Holdings Total Inventories?

Billion Industrial Holdings's total inventories for the quarter that ended in Jun. 2024 was HK$5,046 Mil. Billion Industrial Holdings's average total inventories from the quarter that ended in Dec. 2023 to the quarter that ended in Jun. 2024 was HK$4,970 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Billion Industrial Holdings's Net-Net Working Capital per share for the quarter that ended in Jun. 2024 was HK$-5.89.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Billion Industrial Holdings's Days Inventory for the six months ended in Jun. 2024 was 85.21.

Inventory Turnover measures how fast the company turns over its inventory within a year. Billion Industrial Holdings's Inventory Turnover for the quarter that ended in Jun. 2024 was 2.14.

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. Billion Industrial Holdings's Inventory-to-Revenue for the quarter that ended in Jun. 2024 was 0.43.

Billion Industrial Holdings Total Inventories Historical Data

The historical data trend for Billion Industrial 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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Billion Industrial Holdings Total Inventories Chart

Billion Industrial Holdings Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Total Inventories

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2,258.90

3,439.45

4,479.58

4,894.41

5,674.40

Billion Industrial Holdings Semi-Annual Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Total Inventories	Get a 7-Day Free Trial															4,479.58	4,758.34	4,894.41	5,045.52	5,674.40

Billion Industrial 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.

Billion Industrial Holdings (HKSE:02299) 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.

Billion Industrial Holdings'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)
=	(641.735	+	0.75 * 5123.96	+	0.5 * 5045.521	-	19488.689
-	0	-	0)	/	2117.806
=	-5.89

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

Billion Industrial Holdings'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
	=	4969.965	/	10644.891	*	365 / 2
	=	85.21

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

Billion Industrial Holdings'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 )
	=	10644.891	/	4969.965
	=	2.14

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.

Billion Industrial Holdings'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 )
	=	4969.965	/	11432.82
	=	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.

Billion Industrial Holdings Total Inventories Related Terms

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Billion Industrial Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Billion Industrial Holdings Ltd (HKSE:02299) » Definitions » Total Inventories

Traded in Other Exchanges

N/A

Address

Fenglin Industrial Zone, Longhu Town, Fujian, Jinjiang City, CHN

Website

http://www.baihong.com

Billion Industrial Holdings Ltd is an investment holding. The company develops, manufactures, and sells polyester filament yarns and polyester thin films, polyester products, polyester industrial yarns products and ES fiber products in the People's Republic of China. Its polyester filament yarns include drawn textured, fully drawn, and partially oriented yarns for use in the production of fabrics and textiles for various consumer products, including apparel, footwear, and home furnishings.

Executives

Zhong Guo Jie Neng Huan Bao Ji Tuan You Xian Gong Si	2201 Interest of corporation controlled by you
Chong Qing Zhong Jie Neng Shi Ye You Xian Ze Ren Gong Si	2201 Interest of corporation controlled by you
Xiang Gang Rong An Tou Zi You Xian Gong Si	2101 Beneficial owner
Zhong Jie Neng Jie Neng Ke Ji You Xian Gong Si	2201 Interest of corporation controlled by you
Huang Shaorong	2201 Interest of corporation controlled by you
Ever Luxuriant Global Trading Limited	2101 Beneficial owner
Haibin International Investments Limited	2101 Beneficial owner
Kingom Power Limited	2401 A concert party to an agreement to buy shares
Sze Tin Yau	2401 A concert party to an agreement to buy shares
Lin Haibin	2306 Nominee for another person
Winwett Investments Limited	2101 Beneficial owner
Wu Jinbiao	2201 Interest of corporation controlled by you

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