Laopu Gold Co (HKSE:06181) Total Inventories : HK$1,387 Mil (As of Dec. 2023)

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What is Laopu Gold Co Total Inventories?

Laopu Gold Co's total inventories for the quarter that ended in Dec. 2023 was HK$1,387 Mil. Laopu Gold Co's average total inventories from the quarter that ended in Dec. 2022 to the quarter that ended in Dec. 2023 was HK$1,144 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Laopu Gold Co's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was HK$2.31.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Laopu Gold Co's Days Inventory for the six months ended in Dec. 2023 was 103.30.

Inventory Turnover measures how fast the company turns over its inventory within a year. Laopu Gold Co's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.77.

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. Laopu Gold Co's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.33.

Laopu Gold Co Total Inventories Historical Data

The historical data trend for Laopu Gold 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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Laopu Gold Co Total Inventories Chart

Laopu Gold Co Annual Data

Trend

Dec21

Dec22

Dec23

Total Inventories

943.26

901.01

1,386.84

Laopu Gold Co Semi-Annual Data
	Dec21	Dec22	Dec23
Total Inventories	943.26	901.01	1,386.84

Laopu Gold 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.

Laopu Gold Co (HKSE:06181) 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.

Laopu Gold 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)
=	(76.387	+	0.75 * 411.616	+	0.5 * 1386.837	-	703.443
-	0	-	0)	/	162.094
=	2.31

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

Laopu Gold 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
	=	1143.9215	/	2020.874	*	365 / 2
	=	103.30

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

Laopu Gold 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 )
	=	2020.874	/	1143.9215
	=	1.77

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.

Laopu Gold 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 )
	=	1143.9215	/	3477.74
	=	0.33

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.

Laopu Gold Co Total Inventories Related Terms

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Laopu Gold Co Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

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Address

No. 1 Dong Chang’an Avenue, No. 3 West Building, Rooms 3-6, 6th floor, The Towers at Oriental Plaza, Dongcheng District, Beijing, CHN

Website

http://www.lphj.com

Laopu Gold Co Ltd is a Chinese heritage gold jewelry brand. It design, manufacture and sell pure gold jewelry which combines ancient wisdom and modern fashions. Our gold jewelry products primarily comprise pure gold jewelry and gem-set jewelry (with diamonds or other gemstones inlaid in pure gold) The company operated 33 boutiques in reputable commercial centers in 14 cities across China.

Executives

Xu Dongbo
Xu Gaoming
Beijing Hongqiao Jinji Consulting Co., Ltd.
Chen Guodong
Huang River Investment Limited
Tencent Holdings Limited

Laopu Gold Co Headlines

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