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Shiyue Daotian Group Co (HKSE:09676) Total Inventories : HK$1,755 Mil (As of Dec. 2023)


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What is Shiyue Daotian Group Co Total Inventories?

Shiyue Daotian Group Co's total inventories for the quarter that ended in Dec. 2023 was HK$1,755 Mil. Shiyue Daotian Group Co's average total inventories from the quarter that ended in Dec. 2022 to the quarter that ended in Dec. 2023 was HK$1,644 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Shiyue Daotian Group Co's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was HK$1.09.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Shiyue Daotian Group Co's Days Inventory for the six months ended in Dec. 2023 was 64.57.

Inventory Turnover measures how fast the company turns over its inventory within a year. Shiyue Daotian Group Co's Inventory Turnover for the quarter that ended in Dec. 2023 was 2.83.

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. Shiyue Daotian Group Co's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.31.

Shiyue Daotian Group Co Total Inventories Historical Data

The historical data trend for Shiyue Daotian 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.

* Premium members only.

Shiyue Daotian Group Co Total Inventories Chart

Shiyue Daotian Group Co Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Total Inventories
767.26 1,285.43 1,532.88 1,755.33

Shiyue Daotian Group Co Semi-Annual Data
Dec20 Dec21 Dec22 Dec23
Total Inventories 767.26 1,285.43 1,532.88 1,755.33

Shiyue Daotian 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.

Shiyue Daotian Group Co  (HKSE:09676) 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.

Shiyue Daotian 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)
=(1561.061+0.75 * 265.517+0.5 * 1755.327-1478.025
-0-0)/1068.15
=1.09

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

Shiyue Daotian 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
=1644.1045/4646.712*365 / 2
=64.57

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

Shiyue Daotian 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 )
=4646.712 / 1644.1045
=2.83

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.

Shiyue Daotian 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 )
=1644.1045 / 5323.45
=0.31

* 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.

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.

Shiyue Daotian Group Co Total Inventories Related Terms

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Shiyue Daotian Group Co (HKSE:09676) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Shiyue Daotian Group Co Ltd (HKSE:09676) » Definitions » Total Inventories
Comparable Companies
HKSE:09985 HKSE:06186 HKSE:01579 HKSE:00142 HKSE:00345 HKSE:01610 HKSE:01112 HKSE:06683 HKSE:01475 HKSE:01458 XSWX:NESN KHC XPAR:BN GIS SHSE:603288 NSE:NESTLEIND SZSE:300999 SHSE:600887 TSE:2802 LSE:ABF
Traded in Other Exchanges
N/A
Address
2nd Floor, Building A, Yisha Wenxin Plaza, Chaoyang, Beijing, CHN
Website
https://www.shiyuedaotian.com
Shiyue Daotian Group Co Ltd is one of China's leading and rapidly growing pantry staple food companies, enjoying a robust multichannel brand presence. It has been dedicated to providing its consumers with pre-packaged premium rice, whole grain, bean, and dried food products.
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