Dowell Service Group Co (HKSE:02352) Total Inventories : HK$47 Mil (As of Dec. 2023)

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What is Dowell Service Group Co Total Inventories?

Dowell Service Group Co's total inventories for the quarter that ended in Dec. 2023 was HK$47 Mil. Dowell Service Group Co's average total inventories from the quarter that ended in Jun. 2023 to the quarter that ended in Dec. 2023 was HK$46 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Dowell Service Group Co's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was HK$-2.74.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Dowell Service Group Co's Days Inventory for the six months ended in Dec. 2023 was 10.97.

Inventory Turnover measures how fast the company turns over its inventory within a year. Dowell Service Group Co's Inventory Turnover for the quarter that ended in Dec. 2023 was 16.63.

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. Dowell Service Group Co's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.05.

Dowell Service Group Co Total Inventories Historical Data

The historical data trend for Dowell Service Group 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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Dowell Service Group Co Total Inventories Chart

Dowell Service Group Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Total Inventories

64.67

63.45

63.46

44.70

47.08

Dowell Service Group Co Semi-Annual Data
	Dec19	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Total Inventories	Get a 7-Day Free Trial				60.62	44.70	44.11	47.08	-

Dowell Service Group 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.

Dowell Service Group Co (HKSE:02352) 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.

Dowell Service Group Co'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)
=	(279.316	+	0.75 * 697.241	+	0.5 * 47.083	-	986.252
-	0	-	23.141)	/	66.9909
=	-2.74

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

Dowell Service Group Co'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
	=	45.596	/	758.247	*	365 / 2
	=	10.97

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

Dowell Service Group Co'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 )
	=	758.247	/	45.596
	=	16.63

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.

Dowell Service Group Co'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 )
	=	45.596	/	850.338
	=	0.05

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.

Dowell Service Group Co Total Inventories Related Terms

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Dowell Service Group Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Dowell Service Group Co Ltd (HKSE:02352) » Definitions » Total Inventories

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 108 Baihe Road, Room 206, B1/F, Nanping Town, Nan’an District, Chongqing, CHN, 400000

Website

http://www.dowellservice.com

Dowell Service Group Co Ltd is an investment holding company established in the PRC. The Group is engaged in the provision of property management services, community value-added services, and value-added services to non-property owners.

Executives

Chong Qing Chao Feng Lian Wu Zi You Xian Gong Si	2106 Person having a security interest in shares
Lin Zi Yao	2201 Interest of corporation controlled by you
Chong Qing Di Ma Rui Sheng Shi Ye You Xian Gong Si	2201 Interest of corporation controlled by you
Chong Qing Shi Di Ma Shi Ye Gu Fen You Xian Gong Si	2201 Interest of corporation controlled by you
Chong Qing Dong Yin Kong Gu Ji Tuan You Xian Gong Si	2201 Interest of corporation controlled by you
Tian Jin Cheng Fang Qi Ye Guan Li Zi Xun You Xian Gong Si	2101 Beneficial owner
Lo Siu Yu	2201 Interest of corporation controlled by you
Chiu Kit Hung	2202 Interest of your spouse
Harvest Fund Management Co., Ltd.	2201 Interest of corporation controlled by you
China Credit Trust Co., Ltd	2201 Interest of corporation controlled by you
Zhang Xiang Nong	2202 Interest of your spouse
Rui Fu Zi Ben Ji Tuan You Xian Gong Si	2201 Interest of corporation controlled by you
Wang Hao	2201 Interest of corporation controlled by you
Bai Tian You Xian Gong Si	2101 Beneficial owner
Ma Xue Mei	2202 Interest of your spouse

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