Expert Systems Holdings (HKSE:08319) Total Inventories : HK$9.1 Mil (As of Sep. 2023)

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What is Expert Systems Holdings Total Inventories?

Expert Systems Holdings's total inventories for the quarter that ended in Sep. 2023 was HK$9.1 Mil. Expert Systems Holdings's average total inventories from the quarter that ended in Jun. 2023 to the quarter that ended in Sep. 2023 was HK$4.6 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Expert Systems Holdings's Net-Net Working Capital per share for the quarter that ended in Sep. 2023 was HK$-0.09.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Expert Systems Holdings's Days Inventory for the three months ended in Sep. 2023 was 1.65.

Inventory Turnover measures how fast the company turns over its inventory within a year. Expert Systems Holdings's Inventory Turnover for the quarter that ended in Sep. 2023 was 55.18.

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. Expert Systems Holdings's Inventory-to-Revenue for the quarter that ended in Sep. 2023 was 0.02.

Expert Systems Holdings Total Inventories Historical Data

The historical data trend for Expert Systems Holdings'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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Expert Systems Holdings Total Inventories Chart

Expert Systems Holdings Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Total Inventories

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3.59

3.66

4.00

11.95

7.19

Expert Systems Holdings Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Total Inventories	Get a 7-Day Free Trial															14.45	-	7.19	-	9.10

Expert Systems Holdings 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.

Expert Systems Holdings (HKSE:08319) 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.

Expert Systems Holdings's Net-Net Working Capital Per Share for the quarter that ended in Sep. 2023 is

	Net-Net Working Capital Per Share (Q: Sep. 2023 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(148.576	+	0.75 * 216.153	+	0.5 * 9.104	-	362.115
-	0	-	21.469)	/	803.28
=	-0.09

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

Expert Systems Holdings's Days Inventory for the three months ended in Sep. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2023 )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
	=	4.552	/	251.16	*	365 / 4
	=	1.65

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

Expert Systems Holdings's Inventory Turnover for the quarter that ended in Sep. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Sep. 2023 )	/	Average Total Inventories (Q: Sep. 2023 )
	=	251.16	/	4.552
	=	55.18

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.

Expert Systems Holdings's Inventory to Revenue for the quarter that ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2023 )	/	Revenue (Q: Sep. 2023 )
	=	4.552	/	290.162
	=	0.02

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.

Expert Systems Holdings Total Inventories Related Terms

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Expert Systems Holdings (HKSE:08319) Business Description

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Address

64 Hoi Yuen Road, 22nd Floor, Yen Sheng Centre, Kwun Tong, Kowloon, Hong Kong, HKG

Website

http://www.expertsystems.com.hk

Expert Systems Holdings Ltd is an investment holding company. Along with its subsidiaries, the company is principally engaged in the provision of IT infrastructure solutions .The operating segments of the Company are the provision of IT infrastructure solutions, the provision of IT infrastructure management services and the provision of AI business. Its products and solutions comprise server and storage consolidation, backup and restore, desktop management, networking, infrastructure and management, and information security. The company serves a diverse range of markets including banking, finance, insurance, telecommunications, media, Hotel and government sector. The company's operations are carried out in Hong Kong and Macau. Hong Kong contributes to the vast majority of total revenue.

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