Sino-Ocean Service Holding (HKSE:06677) Total Inventories : HK$696 Mil (As of Jun. 2024)

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What is Sino-Ocean Service Holding Total Inventories?

Sino-Ocean Service Holding's total inventories for the quarter that ended in Jun. 2024 was HK$696 Mil. Sino-Ocean Service Holding's average total inventories from the quarter that ended in Dec. 2023 to the quarter that ended in Jun. 2024 was HK$704 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Sino-Ocean Service Holding's Net-Net Working Capital per share for the quarter that ended in Jun. 2024 was HK$0.34.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Sino-Ocean Service Holding's Days Inventory for the six months ended in Jun. 2024 was 107.66.

Inventory Turnover measures how fast the company turns over its inventory within a year. Sino-Ocean Service Holding's Inventory Turnover for the quarter that ended in Jun. 2024 was 1.70.

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. Sino-Ocean Service Holding's Inventory-to-Revenue for the quarter that ended in Jun. 2024 was 0.46.

Sino-Ocean Service Holding Total Inventories Historical Data

The historical data trend for Sino-Ocean Service Holding'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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Sino-Ocean Service Holding Total Inventories Chart

Sino-Ocean Service Holding Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Inventories

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150.03

145.67

215.76

278.60

712.44

Sino-Ocean Service Holding Semi-Annual Data
	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Total Inventories	Get a 7-Day Free Trial								234.16	278.60	225.67	712.44	695.60

Sino-Ocean Service Holding 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.

Sino-Ocean Service Holding (HKSE:06677) 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.

Sino-Ocean Service Holding'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)
=	(732.709	+	0.75 * 1942.824	+	0.5 * 695.6	-	2092.961
-	0	-	45.277)	/	1184
=	0.34

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

Sino-Ocean Service Holding'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
	=	704.019	/	1193.448	*	365 / 2
	=	107.66

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

Sino-Ocean Service Holding'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 )
	=	1193.448	/	704.019
	=	1.70

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.

Sino-Ocean Service Holding'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 )
	=	704.019	/	1545.93
	=	0.46

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.

Sino-Ocean Service Holding Total Inventories Related Terms

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Sino-Ocean Service Holding Business Description

Industry

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Traded in Other Exchanges

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Address

No. A518 East Road of Chaoyang Sports Center, 2nd Floor, Tower A, Chaoyang District, Beijing, CHN

Website

http://www.sinooceanservice.com

Sino-Ocean Service Holding Ltd is an investment holding company. The Company and its subsidiaries are engaged in the provision of property management and commercial operational services, value-added services to non-property owners, and community value-added services in the People's Republic of China.

Executives

Sino-ocean Group Holding Limited	2201 Interest of corporation controlled by you
Shine Wind Development Limited	2101 Beneficial owner

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