China Tobacco International (HK) Co (HKSE:06055) Total Inventories : HK$2,974 Mil (As of Dec. 2023)

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What is China Tobacco International (HK) Co Total Inventories?

China Tobacco International (HK) Co's total inventories for the quarter that ended in Dec. 2023 was HK$2,974 Mil. China Tobacco International (HK) Co's average total inventories from the quarter that ended in Jun. 2023 to the quarter that ended in Dec. 2023 was HK$2,731 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. China Tobacco International (HK) Co's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was HK$0.37.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. China Tobacco International (HK) Co's Days Inventory for the six months ended in Dec. 2023 was 132.92.

Inventory Turnover measures how fast the company turns over its inventory within a year. China Tobacco International (HK) Co's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.37.

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. China Tobacco International (HK) Co's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.67.

China Tobacco International (HK) Co Total Inventories Historical Data

The historical data trend for China Tobacco International (HK) 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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China Tobacco International (HK) Co Total Inventories Chart

China Tobacco International (HK) Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Inventories

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237.33

1,554.43

1,287.74

2,509.29

2,973.65

China Tobacco International (HK) Co Semi-Annual Data
	Dec16	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Total Inventories	Get a 7-Day Free Trial									1,287.74	2,484.12	2,509.29	2,487.59	2,973.65

China Tobacco International (HK) 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.

China Tobacco International (HK) Co (HKSE:06055) 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.

China Tobacco International (HK) 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)
=	(2331.956	+	0.75 * 908.006	+	0.5 * 2973.65	-	4045.103
-	0	-	201.621)	/	691.68
=	0.37

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

China Tobacco International (HK) 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
	=	2730.6185	/	3749.243	*	365 / 2
	=	132.92

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

China Tobacco International (HK) 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 )
	=	3749.243	/	2730.6185
	=	1.37

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.

China Tobacco International (HK) 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 )
	=	2730.6185	/	4092.222
	=	0.67

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.

China Tobacco International (HK) Co Total Inventories Related Terms

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China Tobacco International (HK) Co (HKSE:06055) Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Tobacco Products » China Tobacco International (HK) Co Ltd (HKSE:06055) » Definitions » Total Inventories

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Address

18 Hung Leun Road, China Life Center, Room 1002, 10th Floor, Tower A, One Harbour Gate, Hung Hom, Kowloon, Hong Kong, HKG

Website

http://www.ctihk.com.hk

China Tobacco International (HK) Co Ltd is engaged in the tobacco business. It operates through the following segments: Tobacco Leaf Products Export Business, the Tobacco Leaf Product Import Business, the Cigarettes Export Business, and New Tobacco Product Export Business. The company's geographical segments are China (excluding the SARs), Indonesia, Hong Kong, Philippines, Vietnam, Singapore, Thailand, and others.

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