JD Health International (JD Health International) Total Inventories : $712 Mil (As of Dec. 2023)

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What is JD Health International Total Inventories?

JD Health International's total inventories for the quarter that ended in Dec. 2023 was $712 Mil. JD Health International's average total inventories from the quarter that ended in Jun. 2023 to the quarter that ended in Dec. 2023 was $715 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. JD Health International's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $1.28.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. JD Health International's Days Inventory for the six months ended in Dec. 2023 was 44.86.

Inventory Turnover measures how fast the company turns over its inventory within a year. JD Health International's Inventory Turnover for the quarter that ended in Dec. 2023 was 4.07.

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. JD Health International's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.19.

JD Health International Total Inventories Historical Data

The historical data trend for JD Health International'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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JD Health International Total Inventories Chart

JD Health International Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Inventories

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182.26

264.92

477.49

860.09

712.11

JD Health International Semi-Annual Data
	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Total Inventories	Get a 7-Day Free Trial							477.49	541.78	860.09	717.21	712.11

JD Health International 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.

JD Health International (OTCPK:JDHIF) 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.

JD Health International'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)
=	(5773.124	+	0.75 * 48.579	+	0.5 * 712.105	-	2089.302
-	0	-	2.032)	/	3189.11
=	1.28

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

JD Health International'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
	=	714.659	/	2907.099	*	365 / 2
	=	44.86

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

JD Health International'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 )
	=	2907.099	/	714.659
	=	4.07

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.

JD Health International'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 )
	=	714.659	/	3700.121
	=	0.19

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.

JD Health International Total Inventories Related Terms

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JD Health International (JD Health International) Business Description

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GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » JD Health International Inc (OTCPK:JDHIF) » Definitions » Total Inventories

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JDHIY:USA 06618:Hong Kong 8ZN:Germany

Address

No. 20 Kechuang 11 Street, Block C, Building 2, Jingdong Headquarters, Economic and Technological Development Zone, Daxing District, Beijing, CHN, 101111

Website

https://ir.jdhealth.com

JD Health is the largest healthcare e-commerce platform in China in terms of revenue. The company offers pharmaceutical drugs and healthcare products on its platform, both as a marketplace that connects merchants to consumers and as a first-party, or 1P, direct retailer. It also offers online consultation from real life doctors and separately partners with offline pharmacies that can provide location-based 24/7 delivery as part of an omnichannel initiative to complement its core e-commerce business. Its closest competitors are Alibaba Health, Ping An Good Doctor, and Meituan for its e-commerce business. As of Dec. 31, 2022, the platform has 154.3 million active annual users and over 70,000 merchants. JD Health is 67.49% owned by its parent company, JD.com.

JD Health International (JD Health International) Headlines

From GuruFocus

Full Year 2023 JD Health International Inc Earnings Call (Chinese, English) Transcript

By GuruFocus Research • 03-22-2024