Lonking Holdings (HKSE:03339) Total Inventories : HK$3,146 Mil (As of Dec. 2023)

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What is Lonking Holdings Total Inventories?

Lonking Holdings's total inventories for the quarter that ended in Dec. 2023 was HK$3,146 Mil. Lonking Holdings's average total inventories from the quarter that ended in Jun. 2023 to the quarter that ended in Dec. 2023 was HK$3,075 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Lonking Holdings's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was HK$0.78.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Lonking Holdings's Days Inventory for the six months ended in Dec. 2023 was 131.66.

Inventory Turnover measures how fast the company turns over its inventory within a year. Lonking Holdings's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.39.

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. Lonking Holdings's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.59.

Lonking Holdings Total Inventories Historical Data

The historical data trend for Lonking Holdings'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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Lonking Holdings Total Inventories Chart

Lonking Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Inventories

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3,344.66

4,449.99

4,972.66

4,010.43

3,146.26

Lonking Holdings Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Total Inventories	Get a 7-Day Free Trial															4,972.66	3,728.29	4,010.43	3,002.78	3,146.26

Lonking Holdings 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.

Lonking Holdings (HKSE:03339) 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.

Lonking Holdings'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)
=	(6288.524	+	0.75 * 2181.981	+	0.5 * 3146.263	-	6171.125
-	0	-	2.75)	/	4280.1
=	0.78

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

Lonking Holdings'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
	=	3074.519	/	4261.656	*	365 / 2
	=	131.66

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

Lonking Holdings'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 )
	=	4261.656	/	3074.519
	=	1.39

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.

Lonking Holdings'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 )
	=	3074.519	/	5246.635
	=	0.59

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.

Lonking Holdings Total Inventories Related Terms

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Lonking Holdings (HKSE:03339) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Lonking Holdings Ltd (HKSE:03339) » Definitions » Total Inventories

Comparable Companies

Traded in Other Exchanges

C9IB:Germany C9IB:Germany

Address

No. 26 Mingyi Road, Xinqiao, Songjiang Industrial, Shanghai, CHN, 201612

Website

https://www.lonking.cn

Lonking Holdings Ltd is a construction and logistics machinery manufacturers in China. It produces wheel loaders, excavators, road rollers, forklifts, and other heavy equipment. In addition, the company supplies individual components, including gearboxes, converters, axles, and hydraulic components. Lonking Holdings has three operating segments: Sale of construction machinery (majority of total revenue), Finance lease of construction machinery, and Financial investment. Used equipment and leasing solutions help extend offerings and pinpoint the correct solution for each customer. Trained technicians provide aftermarket services and parts to maximize equipment efficiency. The majority of sales are derived from China.

Executives

Li San Yim	2202 Interest of your spouse
Ngai Ngan Ying	2201 Interest of corporation controlled by you
Citigroup Inc.	2502 Approved lending agent
Ngai Ngan Ying	2101 Beneficial owner

Lonking Holdings (HKSE:03339) Headlines

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