Sundy Service Group Co (HKSE:09608) Total Inventories : HK$10.0 Mil (As of Jun. 2024)

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What is Sundy Service Group Co Total Inventories?

Sundy Service Group Co's total inventories for the quarter that ended in Jun. 2024 was HK$10.0 Mil. Sundy Service Group Co's average total inventories from the quarter that ended in Dec. 2023 to the quarter that ended in Jun. 2024 was HK$10.0 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Sundy Service Group Co's Net-Net Working Capital per share for the quarter that ended in Jun. 2024 was HK$0.05.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Sundy Service Group Co's Days Inventory for the six months ended in Jun. 2024 was 17.68.

Inventory Turnover measures how fast the company turns over its inventory within a year. Sundy Service Group Co's Inventory Turnover for the quarter that ended in Jun. 2024 was 10.32.

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. Sundy Service Group Co's Inventory-to-Revenue for the quarter that ended in Jun. 2024 was 0.08.

Sundy Service Group Co Total Inventories Historical Data

The historical data trend for Sundy Service Group 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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Sundy Service Group Co Total Inventories Chart

Sundy Service Group Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Inventories

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0.32

0.24

2.35

11.63

9.93

Sundy Service Group Co Semi-Annual Data
	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Total Inventories	Get a 7-Day Free Trial								12.17	11.63	10.57	9.93	10.04

Sundy Service Group 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.

Sundy Service Group Co (HKSE:09608) 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.

Sundy Service Group Co'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)
=	(168.184	+	0.75 * 242.653	+	0.5 * 10.036	-	168.13
-	0	-	6.894)	/	3840.000
=	0.05

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

Sundy Service Group Co'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
	=	9.981	/	103.05	*	365 / 2
	=	17.68

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

Sundy Service Group Co'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 )
	=	103.05	/	9.981
	=	10.32

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.

Sundy Service Group Co'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 )
	=	9.981	/	126.604
	=	0.08

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.

Sundy Service Group Co Total Inventories Related Terms

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Sundy Service Group Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Sundy Service Group Co Ltd (HKSE:09608) » Definitions » Total Inventories

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Traded in Other Exchanges

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Address

127, Hanghai Road, Jianggan district, Zhejiang province, Hangzhou, CHN

Website

https://www.songdufuwu.com

Sundy Service Group Co Ltd through its subsidiaries is principally engaged in property development and sales of properties. The company's Property management services primarily consist of security, cleaning, gardening, repair and maintenance of common areas and common facilities and ancillary services. The portfolio of the Group's managed properties comprises residential properties and non-residential properties. Its segments include Property management services and the corresponding value-added services; Hotel business services; and Long-term rental apartment business. The company's majority of the revenue is generated from property management services.

Executives

Antopex Limited	2306 Nominee for another person
Cmb Wing Lung (trustee) Limited	2301 Trustee
Wang Xiangyu	2201 Interest of corporation controlled by you
Lin Mingqing	2201 Interest of corporation controlled by you
Dong Nan Ming Qing Gong Ying Lian Xia Men You Xian Gong Si	2201 Interest of corporation controlled by you
Dong Nan Ming Qing Gong Ying Lian Fu Yang You Xian Gong Si	2201 Interest of corporation controlled by you
Yu Jianwu	2307 Founder of a discretionary trust who can infl
Shang Hai Ming Jin Guo Ji Mao Yi You Xian Gong Si	2201 Interest of corporation controlled by you
Shang Hai Ming Jin Xin Neng Yuan Kai Fa You Xian Gong Si	2201 Interest of corporation controlled by you
Fu Yang Ming Jin Xin Neng Yuan Kai Fa You Xian Gong Si	2101 Beneficial owner
Shun Ji Ji Tuan You Xian Gong Si	2201 Interest of corporation controlled by you
Song Dou He Ye You Xian Gong Si	2101 Beneficial owner
Yu Jian Wu

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