Ching Lee Holdings (HKSE:03728) Total Inventories : HK$0.0 Mil (As of Sep. 2023)

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What is Ching Lee Holdings Total Inventories?

Ching Lee Holdings's total inventories for the quarter that ended in Sep. 2023 was HK$0.0 Mil. Ching Lee Holdings's average total inventories from the quarter that ended in Mar. 2023 to the quarter that ended in Sep. 2023 was HK$0.0 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Ching Lee Holdings's Net-Net Working Capital per share for the quarter that ended in Sep. 2023 was HK$-0.37.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Ching Lee Holdings's Days Inventory for the six months ended in Sep. 2023 was 0.00.

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

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. Ching Lee Holdings's Inventory-to-Revenue for the quarter that ended in Sep. 2023 was 0.00.

Ching Lee Holdings Total Inventories Historical Data

The historical data trend for Ching Lee 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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Ching Lee Holdings Total Inventories Chart

Ching Lee Holdings Annual Data

Trend

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Total Inventories

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Ching Lee Holdings Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Total Inventories	Get a 7-Day Free Trial															-	-	-	-	-

Ching Lee 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.

Ching Lee Holdings (HKSE:03728) 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.

Ching Lee Holdings's Net-Net Working Capital Per Share for the quarter that ended in Sep. 2023 is

	Net-Net Working Capital Per Share (Q: Sep. 2023 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(38.04	+	0.75 * 40.052	+	0.5 * 0	-	442.259
-	0	-	0)	/	1013
=	-0.37

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

Ching Lee Holdings's Days Inventory for the six months ended in Sep. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2023 )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
	=	0	/	410.029	*	365 / 2
	=	0.00

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

Ching Lee Holdings's Inventory Turnover for the quarter that ended in Sep. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Sep. 2023 )	/	Average Total Inventories (Q: Sep. 2023 )
	=	410.029	/	0
	=	N/A

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.

Ching Lee Holdings's Inventory to Revenue for the quarter that ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2023 )	/	Revenue (Q: Sep. 2023 )
	=	0	/	444.981
	=	0.00

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.

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Ching Lee Holdings (HKSE:03728) Business Description

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Address

28 Shanghai Street, Room 203-204, 2nd Floor, Hang Bong Commercial Centre, Jordan, Kowloon, Hong Kong, HKG

Website

https://www.chingleeholdings.com

Ching Lee Holdings Ltd is an investment holding company. It is engaged in providing substructure building works services, superstructure building works services and repair, maintenance, alteration and addition works services. Substructure building works refer to building works in relation to the parts of the structure below or above the ground level respectively while repair, maintenance, alteration and addition work services segment accounts for existing structing. The superstructure works projects consist of demolition and hoarding, site formation and foundation works and RMAA works services segment. Majority of the company's revenue comes from the superstructure building work services. The group is based in Hong Kong.

Executives

Ng Choi Wah

2101 Beneficial owner

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