Central China New Life (HKSE:09983) Total Inventories : HK$14 Mil (As of Dec. 2023)

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What is Central China New Life Total Inventories?

Central China New Life's total inventories for the quarter that ended in Dec. 2023 was HK$14 Mil. Central China New Life's average total inventories from the quarter that ended in Jun. 2023 to the quarter that ended in Dec. 2023 was HK$13 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Central China New Life's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was HK$0.62.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Central China New Life's Days Inventory for the six months ended in Dec. 2023 was 1.90.

Inventory Turnover measures how fast the company turns over its inventory within a year. Central China New Life's Inventory Turnover for the quarter that ended in Dec. 2023 was 96.12.

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. Central China New Life's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.01.

Central China New Life Total Inventories Historical Data

The historical data trend for Central China New Life'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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Central China New Life Total Inventories Chart

Central China New Life Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Inventories

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5.76

10.55

21.50

16.14

13.88

Central China New Life Semi-Annual Data
	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Total Inventories	Get a 7-Day Free Trial							21.50	15.84	16.14	11.47	13.88

Central China New Life 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.

Central China New Life (HKSE:09983) 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.

Central China New Life'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)
=	(1816.879	+	0.75 * 2697.249	+	0.5 * 13.881	-	2940.875
-	0	-	117.653)	/	1277.48
=	0.62

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

Central China New Life'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
	=	12.6755	/	1218.415	*	365 / 2
	=	1.90

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

Central China New Life'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 )
	=	1218.415	/	12.6755
	=	96.12

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.

Central China New Life'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 )
	=	12.6755	/	1631.249
	=	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.

Central China New Life Total Inventories Related Terms

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Central China New Life (HKSE:09983) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Central China New Life Ltd (HKSE:09983) » Definitions » Total Inventories

Comparable Companies

Traded in Other Exchanges

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Address

No. 19 Dirun Road Room 411, 4th floor Building 2 Jianye Office Building, Zhengdong New District, Henan Province, Zhengzhou, CHN

Website

http://www.ccnewlife.com.cn

With over 20 years of operating history, Central China New Life, or CCNL, is the largest property management company in central China with geographical focus in Henan province. CCNL generates core revenue from providing property management services as well as value-added services to property owners and non-property owners. CCNL's coverage spans across the main cities in Henan province. The firm also seeks to leverage on the Jianye brand to provide an integrated online-to-offline service app platform called Jianye+ to deepen its penetration in Henan as a leading lifestyle service provider.

Executives

Jpmorgan Chase & Co.	2106 Person having a security interest in shares
Seatown Private Credit (cayman) Feeder Fund Ii Lp
Seatown Private Credit Feeder Fund Lp
Seatown Private Credit Master Fund
Seatown Private Credit Master Fund Ii
Seatown Singapore Feeder Fund Lp
Temasek Holdings (private) Limited
Enjoy Start Limited	2501 Other
Wu Lam Li	2501 Other
Wu Po Sum	2501 Other
Hillhouse Capital Advisors, Ltd.	2102 Investment manager
Gaoling Fund, L.p.	2101 Beneficial owner
Morgan Stanley & Co. International Plc	2105 Underwriter
Morgan Stanley International Holdings Inc.	2201 Interest of corporation controlled by you
Morgan Stanley International Limited	2201 Interest of corporation controlled by you

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