China Golden Classic Group (HKSE:08281) Total Inventories : HK$32.0 Mil (As of Dec. 2023)

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What is China Golden Classic Group Total Inventories?

China Golden Classic Group's total inventories for the quarter that ended in Dec. 2023 was HK$32.0 Mil. China Golden Classic Group's average total inventories from the quarter that ended in Sep. 2023 to the quarter that ended in Dec. 2023 was HK$16.0 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. China Golden Classic Group's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was HK$0.04.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. China Golden Classic Group's Days Inventory for the three months ended in Dec. 2023 was 23.37.

Inventory Turnover measures how fast the company turns over its inventory within a year. China Golden Classic Group's Inventory Turnover for the quarter that ended in Dec. 2023 was 3.91.

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 Golden Classic Group's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.16.

China Golden Classic Group Total Inventories Historical Data

The historical data trend for China Golden Classic Group'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 Golden Classic Group Total Inventories Chart

China Golden Classic Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Inventories

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42.87

39.86

39.87

39.49

31.97

China Golden Classic Group Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Total Inventories	Get a 7-Day Free Trial															39.49	-	41.45	-	31.97

China Golden Classic Group 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 Golden Classic Group (HKSE:08281) 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 Golden Classic Group'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)
=	(86.416	+	0.75 * 40.475	+	0.5 * 31.966	-	92.841
-	0	-	0)	/	1000
=	0.04

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

China Golden Classic Group's Days Inventory for the three 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
	=	15.983	/	62.417	*	365 / 4
	=	23.37

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

China Golden Classic Group'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 )
	=	62.417	/	15.983
	=	3.91

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 Golden Classic Group'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 )
	=	15.983	/	97.062
	=	0.16

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 Golden Classic Group Total Inventories Related Terms

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China Golden Classic Group (HKSE:08281) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » China Golden Classic Group Ltd (HKSE:08281) » Definitions » Total Inventories

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 34,35 Yingbin Road, Xiake Town, Jiangsu Province, Jiangyin City, CHN

Website

http://www.goldenclassicbio.com

China Golden Classic Group Ltd is a daily household product producer in China. The company's reportable segment includes Oral care products, Household Hygiene products, and Leather care products. The Oral Care Products segment involves the manufacturing and selling of oral care products including functional toothpaste, mouthwash, oral spray, and toothbrush. The Leather Care Products segment offers leather shoe care products and leather clothing care products. The Household Hygiene Products segment comprises household hygiene products such as surface cleaners, laundry care products, toilet care products, and mould proof products. The group's operations are mainly located in the PRC.

Executives

Chongbo Mary Investment Limited	2101 Beneficial owner
Li Qiuyan	2201 Interest of corporation controlled by you

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