Binjiang Service Group Co (HKSE:03316) Total Inventories : HK$268 Mil (As of Dec. 2023)

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What is Binjiang Service Group Co Total Inventories?

Binjiang Service Group Co's total inventories for the quarter that ended in Dec. 2023 was HK$268 Mil. Binjiang 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$210 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Binjiang Service Group Co's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was HK$-1.71.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Binjiang Service Group Co's Days Inventory for the six months ended in Dec. 2023 was 28.28.

Inventory Turnover measures how fast the company turns over its inventory within a year. Binjiang Service Group Co's Inventory Turnover for the quarter that ended in Dec. 2023 was 6.45.

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. Binjiang Service Group Co's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.12.

Binjiang Service Group Co Total Inventories Historical Data

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

Binjiang Service Group Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Inventories

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37.14

61.70

96.77

164.71

267.71

Binjiang Service Group Co Semi-Annual Data
	Dec15	Dec16	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Total Inventories	Get a 7-Day Free Trial										96.77	92.10	164.71	153.02	267.71

Binjiang 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.

Binjiang Service Group Co (HKSE:03316) 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.

Binjiang 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)
=	(1897.412	+	0.75 * 405.561	+	0.5 * 267.705	-	2749.015
-	0	-	58.119)	/	276.407
=	-1.71

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

Binjiang 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
	=	210.3615	/	1357.68	*	365 / 2
	=	28.28

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

Binjiang 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 )
	=	1357.68	/	210.3615
	=	6.45

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.

Binjiang 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 )
	=	210.3615	/	1770.97
	=	0.12

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.

Binjiang Service Group Co Total Inventories Related Terms

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Binjiang Service Group Co (HKSE:03316) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Binjiang Service Group Co Ltd (HKSE:03316) » Definitions » Total Inventories

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Traded in Other Exchanges

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Address

No. 189 Fengqi East Road, Xincheng Times Square, 12th Floor, Room 1201-1, Block 1, Building 1, Jianggan District, Hangzhou, CHN

Website

https://www.hzbjwy.com

Binjiang Service Group Co Ltd is a property management service provider in China. The Company's business segments are classified into property management services, value-added services to non-property owners and 5S value-added services. Geographically, the company has majority of its operations in China.

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Qi Jiaqi
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Zhu Huiming

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