Lushang Life Services Co (HKSE:02376) Total Inventories : HK$17.0 Mil (As of Jun. 2024)

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What is Lushang Life Services Co Total Inventories?

Lushang Life Services Co's total inventories for the quarter that ended in Jun. 2024 was HK$17.0 Mil. Lushang Life Services Co's average total inventories from the quarter that ended in Dec. 2023 to the quarter that ended in Jun. 2024 was HK$10.4 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Lushang Life Services Co's Net-Net Working Capital per share for the quarter that ended in Jun. 2024 was HK$2.07.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Lushang Life Services Co's Days Inventory for the six months ended in Jun. 2024 was 7.07.

Inventory Turnover measures how fast the company turns over its inventory within a year. Lushang Life Services Co's Inventory Turnover for the quarter that ended in Jun. 2024 was 25.80.

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.

Lushang Life Services Co Total Inventories Historical Data

The historical data trend for Lushang Life Services 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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Lushang Life Services Co Total Inventories Chart

Lushang Life Services Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Total Inventories

0.27

59.95

51.73

48.16

3.75

Lushang Life Services Co Semi-Annual Data
	Dec19	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Total Inventories	Get a 7-Day Free Trial				49.69	48.16	47.49	3.75	16.96

Lushang Life Services 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.

Lushang Life Services Co (HKSE:02376) 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.

Lushang Life Services 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)
=	(416.773	+	0.75 * 318.973	+	0.5 * 16.96	-	383.287
-	0	-	4.533)	/	133.34
=	2.07

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

Lushang Life Services 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
	=	10.3525	/	267.084	*	365 / 2
	=	7.07

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

Lushang Life Services 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 )
	=	267.084	/	10.3525
	=	25.80

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.

Lushang Life Services 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 )
	=	10.3525	/	0
	=

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.

Lushang Life Services Co Total Inventories Related Terms

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Lushang Life Services Co Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

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Address

No. 9777 Jingshi Road, Room 202, Block 2, Lushang Guo’ao City, Lixia District, Shandong Province, Jinan, CHN

Website

https://www.lushangfuwu.com

Lushang Life Services Co Ltd is principally engaged in the provision of property management services, community value-added services, and value-added services to non-property owners. It manages a diverse portfolio of properties, including residential properties; commercial properties such as commercial complexes, office buildings, and apartments; and other types of properties including municipal facilities such as city roads, schools, theme towns, hospitals, banks, industrial parks, and airline base property. It derives the majority of from property management services that comprise comprising cleaning, security, greening, repair and maintenance, public area maintenance, and other property management-related services.

Executives

Bei Jing Cheng Jian Fang Di Chan Kai Fa You Xian Gong Si
Bei Jing Cheng Jian Ji Tuan You Xian Ze Ren Gong Si
Central Huijin Investment Ltd.	2201 Interest of corporation controlled by you
Abc International Holdings Limited	2201 Interest of corporation controlled by you
Abci Securities Company Limited	2105 Underwriter
Agricultural Bank Of China Limited	2201 Interest of corporation controlled by you
China International Economic Trading Limited
Huatai Securities Co., Ltd.	2201 Interest of corporation controlled by you
Hwabao Trust Co., Ltd	2301 Trustee
Abci Capital Limited	2501 Other
Lu Dunke	2201 Interest of corporation controlled by you
Fan Qinyuan	2201 Interest of corporation controlled by you
Wen Shang Xian Ke Jin Jian An Lao Wu You Xian Ze Ren Gong Si	2101 Beneficial owner
Nan Tong Chen Yun Jian Zhu Lao Wu You Xian Gong Si	2101 Beneficial owner
Shan Dong Tian Qi Chuang Ye Tou Zi You Xian Gong Si	2101 Beneficial owner

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