Jinke Smart Services Group Co (HKSE:09666) Total Inventories : HK$31 Mil (As of Dec. 2023)

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What is Jinke Smart Services Group Co Total Inventories?

Jinke Smart Services Group Co's total inventories for the quarter that ended in Dec. 2023 was HK$31 Mil. Jinke Smart Services Group Co's average total inventories from the quarter that ended in Jun. 2023 to the quarter that ended in Dec. 2023 was HK$37 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Jinke Smart Services Group Co's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was HK$1.03.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Jinke Smart Services Group Co's Days Inventory for the six months ended in Dec. 2023 was 2.84.

Inventory Turnover measures how fast the company turns over its inventory within a year. Jinke Smart Services Group Co's Inventory Turnover for the quarter that ended in Dec. 2023 was 64.22.

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. Jinke Smart Services Group Co's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.01.

Jinke Smart Services Group Co Total Inventories Historical Data

The historical data trend for Jinke Smart Services 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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Jinke Smart Services Group Co Total Inventories Chart

Jinke Smart Services Group Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Inventories

Get a 7-Day Free Trial

6.48

19.29

28.00

33.45

31.12

Jinke Smart Services Group Co Semi-Annual Data
	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Total Inventories	Get a 7-Day Free Trial							28.00	34.98	33.45	42.13	31.12

Jinke Smart Services 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.

Jinke Smart Services Group Co (HKSE:09666) 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.

Jinke Smart Services Group 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)
=	(3290.683	+	0.75 * 1687.073	+	0.5 * 31.12	-	3893.94
-	0	-	21.124)	/	639.479
=	1.03

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

Jinke Smart Services Group 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
	=	36.624	/	2351.882	*	365 / 2
	=	2.84

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

Jinke Smart Services Group 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 )
	=	2351.882	/	36.624
	=	64.22

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.

Jinke Smart Services Group 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 )
	=	36.624	/	2750.745
	=	0.01

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.

Jinke Smart Services Group Co Total Inventories Related Terms

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Jinke Smart Services Group Co (HKSE:09666) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Jinke Smart Services Group Co Ltd (HKSE:09666) » Definitions » Total Inventories

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Traded in Other Exchanges

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Address

No. 480, Panxi Road, Shimahe Street, Building A4, East Zone, Jinke Shiniancheng, Jiangbei District, Chongqing, CHN

Website

http://www.jinkeservice.com

Jinke Smart Services Group Co Ltd is a smart property management service provider in China. The firm is principally engaged in the provision of property management services, value-added services to non-property owners, community value-added services, and smart living technology solutions. It has focused on the three main regions in China that are Southwestern China, Eastern & Southern China, Central China, and other regions where it generates a majority of its revenue from the Southwestern China Region.

Executives

Hai Nan Xi Wa Si Mu Ji Jin Guan Li You Xian Ze Ren Gong Si	2102 Investment manager
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Thematic Bridge Investment Pte. Ltd.
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Boyu Capital General Partner V, Ltd.
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Boyu Group, Llc
Tong Xiaomeng
Boyu Capital Fund V, L.p.
Jubilant Winter Limited
Broad Gongga Investment Pte Ltd
Jubilant Season Limited
Jubilant Springtime, Lp
Top Yingchun Investment Iv Ltd
Jubilant Summer Limited

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