DaChan Food (Asia) (HKSE:03999) Total Inventories : HK$637 Mil (As of Jun. 2024)

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What is DaChan Food (Asia) Total Inventories?

DaChan Food (Asia)'s total inventories for the quarter that ended in Jun. 2024 was HK$637 Mil. DaChan Food (Asia)'s average total inventories from the quarter that ended in Mar. 2024 to the quarter that ended in Jun. 2024 was HK$318 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. DaChan Food (Asia)'s Net-Net Working Capital per share for the quarter that ended in Jun. 2024 was HK$-0.63.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. DaChan Food (Asia)'s Days Inventory for the three months ended in Jun. 2024 was 22.19.

Inventory Turnover measures how fast the company turns over its inventory within a year. DaChan Food (Asia)'s Inventory Turnover for the quarter that ended in Jun. 2024 was 4.11.

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. DaChan Food (Asia)'s Inventory-to-Revenue for the quarter that ended in Jun. 2024 was 0.21.

DaChan Food (Asia) Total Inventories Historical Data

The historical data trend for DaChan Food (Asia)'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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DaChan Food (Asia) Total Inventories Chart

DaChan Food (Asia) Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Inventories

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1,228.73

1,330.14

920.56

915.81

718.40

DaChan Food (Asia) Quarterly Data
	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Sep22	Dec22	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Total Inventories	Get a 7-Day Free Trial															823.15	718.40	-	636.82	-

DaChan Food (Asia) 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.

DaChan Food (Asia) (HKSE:03999) 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.

DaChan Food (Asia)'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)
=	(542.692	+	0.75 * 278.496	+	0.5 * 636.821	-	1409.777
-	0	-	303.891)	/	1016.19
=	-0.63

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

DaChan Food (Asia)'s Days Inventory for the three 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
	=	318.4105	/	1309.371	*	365 / 4
	=	22.19

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

DaChan Food (Asia)'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 )
	=	1309.371	/	318.4105
	=	4.11

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.

DaChan Food (Asia)'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 )
	=	318.4105	/	1494.645
	=	0.21

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.

DaChan Food (Asia) Total Inventories Related Terms

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DaChan Food (Asia) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » DaChan Food (Asia) Ltd (HKSE:03999) » Definitions » Total Inventories

Traded in Other Exchanges

3DS:Germany

Address

No. 6 Chaowai Street, Room 401, 4th Floor, Office Tower C, Vanton Center, Chaoyang District, Beijing, CHN, 100020

Website

https://www.dfa3999.com

DaChan Food (Asia) Ltd is an investment holding company. It operates through three segments namely, the Chicken Meat segment which carries on a business of broiler farming, hatching of broiler breeder eggs, contract farming, processing and marketing of chilled and frozen chicken meat marketed under the brand of DaChan and Sisters' Kitchen; The Livestock feeds segment manufactures and distributes complete feed, base mix and pre-mix for swine, layer, broiler, duck, and breeder poultry under the brands of Dr. Nupak, DaChan, and Green Knight; and The Processed food segment produces and distributes pickled, pre-fried, and instant food. The geographical regions of the group are The PRC, Japan and Rest of Asia Pacific.

Executives

Great Wall Feedtech (holdings) Ltd.	2101 Beneficial owner
Great Wall Enterprise Co., Ltd.	2201 Interest of corporation controlled by you
Great Wall International (holdings) Ltd.	2201 Interest of corporation controlled by you
Hansen, Inc.	2101 Beneficial owner

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