Hong Fok (SGX:H30) Total Inventories : S$109.0 Mil (As of Dec. 2023)

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What is Hong Fok Total Inventories?

Hong Fok's total inventories for the quarter that ended in Dec. 2023 was S$109.0 Mil. Hong Fok's average total inventories from the quarter that ended in Jun. 2023 to the quarter that ended in Dec. 2023 was S$113.5 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Hong Fok's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was S$-1.51.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Hong Fok's Days Inventory for the six months ended in Dec. 2023 was 1,071.57.

Inventory Turnover measures how fast the company turns over its inventory within a year. Hong Fok's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.17.

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. Hong Fok's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 1.90.

Hong Fok Total Inventories Historical Data

The historical data trend for Hong Fok'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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Hong Fok Total Inventories Chart

Hong Fok Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Inventories

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181.00

173.40

158.10

122.31

108.98

Hong Fok Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Total Inventories	Get a 7-Day Free Trial															158.10	145.65	122.31	118.11	108.98

Hong Fok 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.

Hong Fok (SGX:H30) 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.

Hong Fok'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)
=	(80.191	+	0.75 * 0.593	+	0.5 * 108.981	-	771.499
-	0	-	604.135)	/	819.297
=	-1.51

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

Hong Fok'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
	=	113.545	/	19.338	*	365 / 2
	=	1,071.57

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

Hong Fok'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 )
	=	19.338	/	113.545
	=	0.17

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.

Hong Fok'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 )
	=	113.545	/	59.789
	=	1.90

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.

Hong Fok Total Inventories Related Terms

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Hong Fok (SGX:H30) Business Description

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GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Hong Fok Corp Ltd (SGX:H30) » Definitions » Total Inventories

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Address

300 Beach Road, No. 41-00, The Concourse, Singapore, SGP, 199555

Website

http://www.hongfok.com.sg

Hong Fok Corp Ltd is an investment holding company. Its principal activities consist of investment, property development, and construction, property management, investment trading, provision of horticultural services and investment holding and management. The company has three reportable segments: Property investment - which includes investments in investment properties; Property development and construction - which develops retail and residential units, including the sale of residential units, and construction of a hotel; and Property management - which provides maintenance and management services. It generates most of its revenue from the Property investment segment.

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