Global Sweeteners Holdings (HKSE:03889) Total Inventories : HK$34.7 Mil (As of Jun. 2024)

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What is Global Sweeteners Holdings Total Inventories?

Global Sweeteners Holdings's total inventories for the quarter that ended in Jun. 2024 was HK$34.7 Mil. Global Sweeteners Holdings's average total inventories from the quarter that ended in Dec. 2023 to the quarter that ended in Jun. 2024 was HK$34.4 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Global Sweeteners Holdings's Net-Net Working Capital per share for the quarter that ended in Jun. 2024 was HK$-0.30.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Global Sweeteners Holdings's Days Inventory for the six months ended in Jun. 2024 was 19.58.

Inventory Turnover measures how fast the company turns over its inventory within a year. Global Sweeteners Holdings's Inventory Turnover for the quarter that ended in Jun. 2024 was 9.32.

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. Global Sweeteners Holdings's Inventory-to-Revenue for the quarter that ended in Jun. 2024 was 0.10.

Global Sweeteners Holdings Total Inventories Historical Data

The historical data trend for Global Sweeteners 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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Global Sweeteners Holdings Total Inventories Chart

Global Sweeteners Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Inventories

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193.04

61.60

65.61

42.43

34.15

Global Sweeteners Holdings Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Total Inventories	Get a 7-Day Free Trial															55.94	42.43	44.64	34.15	34.74

Global Sweeteners 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.

Global Sweeteners Holdings (HKSE:03889) 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.

Global Sweeteners Holdings'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)
=	(5.565	+	0.75 * 105.459	+	0.5 * 34.744	-	663.898
-	0	-	0)	/	1890.37
=	-0.30

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

Global Sweeteners Holdings'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
	=	34.449	/	321.104	*	365 / 2
	=	19.58

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

Global Sweeteners Holdings'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 )
	=	321.104	/	34.449
	=	9.32

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.

Global Sweeteners Holdings'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 )
	=	34.449	/	332.475
	=	0.10

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.

Global Sweeteners Holdings Total Inventories Related Terms

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Global Sweeteners Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Global Sweeteners Holdings Ltd (HKSE:03889) » Definitions » Total Inventories

Traded in Other Exchanges

N/A

Address

18 Hung Luen Road, Suite 1002, 10th Floor, Tower A, Cheung Kei Center, Hung Hom, Kowloon, Hong Kong, HKG

Website

http://www.global-sweeteners.com

Global Sweeteners Holdings Ltd is an investment holding company. The company through its subsidiaries is engaged in the manufacturing and selling of corn refined products and corn-based sweetener products. Its segments include the Corn refined products segment and Corn sweeteners segment. The Corn refined products segment which comprises the manufacture and sale of corn starch, gluten meal, corn oil, and other corn refined products. The Corn sweeteners segment which comprises the manufacture and sale of glucose syrup, maltose syrup, high fructose corn syrup, crystallized glucose, and maltodextrin.

Executives

Hong Kong Huasheng Company Limited	2101 Beneficial owner
Li Tingsheng	2201 Interest of corporation controlled by you
Ji Lin Sheng Hua Sheng Shang Mao You Xian Gong Si	2201 Interest of corporation controlled by you
Wang Tieguang	2101 Beneficial owner
Kong Zhanpeng	2101 Beneficial owner
Global Bio-chem Technology Group Company Limited	2201 Interest of corporation controlled by you
Global Corn Bio-chem Technology Company Limited	2101 Beneficial owner
Modern Agricultural Industry Investment Holdings Limited	2201 Interest of corporation controlled by you
Modern Agricultural Industry Investment Limited	2201 Interest of corporation controlled by you
Ji Lin Sheng Ren Min Zheng Fu Guo You Zi Chan Jian Du Guan Li Wei Yuan Hui	2201 Interest of corporation controlled by you
Ji Lin Sheng Xian Dai Nong Ye Chan Ye Ji Jin You Xian Gong Si	2201 Interest of corporation controlled by you
Ji Lin Sheng Xian Dai Nong Ye Chan Ye Tou Zi Ji Jin You Xian He Huo	2201 Interest of corporation controlled by you
Ji Lin Sheng Nong Ye Tou Zi Ji Tuan You Xian Gong Si	2201 Interest of corporation controlled by you
Hartington Profits Limited	2101 Beneficial owner

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