Meilleure Health International Industry Group (HKSE:02327) Total Inventories : HK$256.95 Mil (As of Dec. 2024)

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What is Meilleure Health International Industry Group Total Inventories?

Meilleure Health International Industry Group's total inventories for the quarter that ended in Dec. 2024 was HK$256.95 Mil. Meilleure Health International Industry Group's average total inventories from the quarter that ended in Jun. 2024 to the quarter that ended in Dec. 2024 was HK$260.53 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Meilleure Health International Industry Group's Net-Net Working Capital per share for the quarter that ended in Dec. 2024 was HK$-0.07.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Meilleure Health International Industry Group's Days Inventory for the six months ended in Dec. 2024 was 6,667.49.

Inventory Turnover measures how fast the company turns over its inventory within a year. Meilleure Health International Industry Group's Inventory Turnover for the quarter that ended in Dec. 2024 was 0.03.

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. Meilleure Health International Industry Group's Inventory-to-Revenue for the quarter that ended in Dec. 2024 was 12.62.

Meilleure Health International Industry Group Total Inventories Historical Data

The historical data trend for Meilleure Health International Industry 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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Meilleure Health International Industry Group Total Inventories Chart

Meilleure Health International Industry Group Annual Data

Trend

Mar15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Total Inventories

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267.29

276.47

268.54

266.84

256.95

Meilleure Health International Industry Group Semi-Annual Data
	Mar15	Sep15	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															268.54	264.20	266.84	264.10	256.95

Meilleure Health International Industry 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.

Meilleure Health International Industry Group (HKSE:02327) 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.

Meilleure Health International Industry Group's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2024 is

	Net-Net Working Capital Per Share (Q: Dec. 2024 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(29.944	+	0.75 * 27.241	+	0.5 * 256.948	-	467.287
-	0	-	-0.24)	/	4092.563
=	-0.07

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

Meilleure Health International Industry Group's Days Inventory for the six months ended in Dec. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2024 )	/	Cost of Goods Sold (Q: Dec. 2024 )	*	Days in Period
	=	260.5255	/	7.131	*	365 / 2
	=	6,667.49

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

Meilleure Health International Industry Group's Inventory Turnover for the quarter that ended in Dec. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Dec. 2024 )	/	Average Total Inventories (Q: Dec. 2024 )
	=	7.131	/	260.5255
	=	0.03

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.

Meilleure Health International Industry Group's Inventory to Revenue for the quarter that ended in Dec. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2024 )	/	Revenue (Q: Dec. 2024 )
	=	260.5255	/	20.643
	=	12.62

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.

Meilleure Health International Industry Group Total Inventories Related Terms

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Meilleure Health International Industry Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Meilleure Health International Industry Group Ltd (HKSE:02327) » Definitions » Total Inventories

Comparable Companies

Traded in Other Exchanges

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Address

89 Queensway, Unit 2906, Tower 1, Lippo Centre, Admiralty, Hong Kong, HKG

Website

http://www.meilleure.com.cn

Meilleure Health International Industry Group Ltd is an investment holding company principally engaged in the trading of healthcare products, chemical materials, and building materials. The company's operating segment includes Healthcare related business; Trading business; Property related business; and Equity investment business. The Trading business segment includes the trading of construction materials. Geographically, it derives a majority of revenue from PRC, and also it has its presence in Hong Kong, Europe and Others.

Executives

Shunda Investment Limited	2201 Interest of corporation controlled by you
Zhongjia U-home Investment Limited	2101 Beneficial owner
Zhou Xuzhou	2201 Interest of corporation controlled by you
U-home Group International Ltd
Anhui Yuhua Enterprises Company Limited
Kambert Enterprises Limited
U-home Group Investment Limited
U-home Property (group) Limited
Yee Sheng Enterprises Company Limited
Yuhua Enterprises Company Limited
Haitong Ut Leasing Hk Limited	2106 Person having a security interest in shares
Haitong International Finance Company Limited

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