Folangsi Co (HKSE:02499) Total Inventories : HK$100 Mil (As of Dec. 2023)

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What is Folangsi Co Total Inventories?

Folangsi Co's total inventories for the quarter that ended in Dec. 2023 was HK$100 Mil. Folangsi Co's average total inventories from the quarter that ended in Dec. 2022 to the quarter that ended in Dec. 2023 was HK$97 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Folangsi Co's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was HK$-4.89.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Folangsi Co's Days Inventory for the six months ended in Dec. 2023 was 16.95.

Inventory Turnover measures how fast the company turns over its inventory within a year. Folangsi Co's Inventory Turnover for the quarter that ended in Dec. 2023 was 10.77.

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. Folangsi Co's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.06.

Folangsi Co Total Inventories Historical Data

The historical data trend for Folangsi 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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Folangsi Co Total Inventories Chart

Folangsi Co Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Total Inventories

67.12

84.70

94.37

99.55

Folangsi Co Semi-Annual Data
	Dec20	Dec21	Dec22	Dec23
Total Inventories	67.12	84.70	94.37	99.55

Folangsi 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.

Folangsi Co (HKSE:02499) 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.

Folangsi 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)
=	(219.587	+	0.75 * 392.983	+	0.5 * 99.545	-	2265.196
-	0	-	0)	/	348.023
=	-4.89

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

Folangsi 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
	=	96.955	/	1043.909	*	365 / 2
	=	16.95

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

Folangsi 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 )
	=	1043.909	/	96.955
	=	10.77

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.

Folangsi 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 )
	=	96.955	/	1500.451
	=	0.06

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.

Folangsi Co Total Inventories Related Terms

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Folangsi Co (HKSE:02499) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Folangsi Co Ltd (HKSE:02499) » Definitions » Total Inventories

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 999, Yayun Avenue, Shiqi Town, Panyu District, Guangdong, Guangzhou, CHN, 511440

Website

https://www.fls123.com

Folangsi Co Ltd is a leading intralogistics equipment solution provider in China. Focusing on intralogistics equipment subscription services, It strives to provide enterprises with one-stop solutions for intralogistics equipment utilization and management. It also has an established presence in the industry, providing services that span the entire lifecycle of intralogistics equipment, including equipment subscription, repair and maintenance, and disposal.

Executives

Hou Zebing
Hou Zekuan
Guangzhou Daze Investment Partnership (limited Partnership)
Yin Junping	2201 Interest of corporation controlled by you
Shenzhen Xinyu Equity Investment Enterprise (limited Partnership)
Zhang Gaozhao
Li Yan	2201 Interest of corporation controlled by you
Shang Hai Ding Man Qi Ye Guan Li You Xian Gong Si	2201 Interest of corporation controlled by you
Shang Hai Ding Xiao Qi Ye Guan Li Zi Xun Zhong Xin You Xian He Huo	2201 Interest of corporation controlled by you
Ning Bo Ding Ji Chuang Ye Tou Zi He Huo Qi Ye You Xian He Huo	2201 Interest of corporation controlled by you
Su Zhou Zhong Ding Chuang Ye Er Hao Tou Zi Zhong Xin You Xian He Huo	2101 Beneficial owner

Folangsi Co (HKSE:02499) Headlines

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