China Fishery Group (SGX:B0Z) Total Inventories: S$316.4 Mil (As of Jun. 2015)

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What is China Fishery Group Total Inventories?

China Fishery Group SGX:B0Z Total Inventories is S$316.4 Mil as of Jun. 2015.

China Fishery Group's total inventories for the quarter that ended in Jun. 2015 was S$316.4 Mil. China Fishery Group's average total inventories from the quarter that ended in Mar. 2015 to the quarter that ended in Jun. 2015 was S$217.0 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. China Fishery Group's Net-Net Working Capital per share for the quarter that ended in Jun. 2015 was S$-0.36.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. China Fishery Group's Days Inventory for the three months ended in Jun. 2015 was 145.29.

Inventory Turnover measures how fast the company turns over its inventory within a year. China Fishery Group's Inventory Turnover for the quarter that ended in Jun. 2015 was 0.63.

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. China Fishery Group's Inventory-to-Revenue for the quarter that ended in Jun. 2015 was 1.18.


China Fishery Group  (SGX:B0Z) 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.

China Fishery Group's Net-Net Working Capital Per Share for the quarter that ended in Jun. 2015 is

Net-Net Working Capital Per Share (Q: Jun. 2015 )
=(Cash And Cash Equivalents+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(55.536+0.75 * 148.098+0.5 * 316.415-1635.031
-0-7.422)/3683.438
=-0.36

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

China Fishery Group's Days Inventory for the three months ended in Jun. 2015 is calculated as:

Days Inventory=Average Total Inventories (Q: Jun. 2015 )/Cost of Goods Sold (Q: Jun. 2015 )*Days in Period
=217.04/136.31*365 / 4
=145.29

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

China Fishery Group's Inventory Turnover for the quarter that ended in Jun. 2015 is calculated as

Inventory Turnover=Cost of Goods Sold (Q: Jun. 2015 ) / Average Total Inventories (Q: Jun. 2015 )
=136.31 / 217.04
=0.63

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.

China Fishery Group's Inventory to Revenue for the quarter that ended in Jun. 2015 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Jun. 2015 ) / Revenue (Q: Jun. 2015 )
=217.04 / 183.318
=1.18

* 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.


China Fishery Group Total Inventories Related Terms


China Fishery Group Total Inventories Historical Data

* Premium members only.

The historical data trend for China Fishery Group'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.

China Fishery Group Total Inventories Chart

China Fishery Group Annual Data
Trend Dec05 Dec06 Dec07 Dec08 Sep09 Sep10 Sep11 Sep12 Sep13 Sep14
Total Inventories
Get a 7-Day Free Trial Premium Member Only Premium Member Only 17.98 47.97 70.47 123.94 200.19

China Fishery Group Quarterly Data
Sep10 Dec10 Mar11 Jun11 Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15
Total Inventories Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 229.45 200.19 139.27 117.67 316.42

China Fishery Group 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.

Frequently Asked Questions Learn more about Total Inventories →
What does a Total Inventories of S$316.4 Mil mean?
China Fishery Group (SGX:B0Z) has a Total Inventories of S$316.4 Mil as of Jun. 2015. The total amount of inventory as recorded on a company's balance sheet. View historical data for China Fishery Group and its competitors.
Is China Fishery Group's Total Inventories too high?
China Fishery Group's current Total Inventories is S$316.4 Mil.
How does China Fishery Group's Total Inventories compare to competitors?
China Fishery Group's Total Inventories of S$316.4 Mil can be compared against companies in the Consumer Packaged Goods industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Total Inventories for a Consumer Packaged Goods company?
A good Total Inventories depends on the Consumer Packaged Goods industry context. However, Total Inventories should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Total Inventories mean?
A high Total Inventories can signal that a stock is expensive relative to its fundamentals. The total amount of inventory as recorded on a company's balance sheet. View historical data for China Fishery Group and its competitors. China Fishery Group's current Total Inventories is S$316.4 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is China Fishery Group stock overvalued right now?
China Fishery Group (SGX:B0Z) has a current Total Inventories of S$316.4 Mil. The current Total Inventories is S$316.4 Mil. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Total Inventories calculated?
Total Inventories is calculated from a company's financial statements. For China Fishery Group (SGX:B0Z), the current Total Inventories is S$316.4 Mil as of Jun. 2015. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

China Fishery Group Business Description

Address 188 Connaught Road West, Room 3312-3314, Hong Kong Plaza, Hong Kong, HKG
China Fishery Group Ltd is a Hong Kong-based industrial fishing company with access to fish in some of the fishing grounds, including the Anchovy fishery in Peru. Business activity of the firm is functioned through three reportable segments namely contract supply business, Peruvian fishmeal, and China fishery fleet. It offers fish products in various forms, such as frozen whole, headed and gutted, frozen fillets, and fish roe and milt for wholesalers and food processors, as well as sells fish meal and oil products for fish meal and oil distributors, and Omega-3 capsule manufacturers. Geographically, its business presence can be seen across the region of China, Europe, South America, Africa and Australia.