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COFCO Joycome Foods (STU:0M7) Total Inventories : €402 Mil (As of Jun. 2024)


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What is COFCO Joycome Foods Total Inventories?

COFCO Joycome Foods's total inventories for the quarter that ended in Jun. 2024 was €402 Mil. COFCO Joycome Foods's average total inventories from the quarter that ended in Dec. 2023 to the quarter that ended in Jun. 2024 was €364 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. COFCO Joycome Foods's Net-Net Working Capital per share for the quarter that ended in Jun. 2024 was €-0.15.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. COFCO Joycome Foods's Days Inventory for the six months ended in Jun. 2024 was 111.99.

Inventory Turnover measures how fast the company turns over its inventory within a year. COFCO Joycome Foods's Inventory Turnover for the quarter that ended in Jun. 2024 was 1.63.

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. COFCO Joycome Foods's Inventory-to-Revenue for the quarter that ended in Jun. 2024 was 0.62.


COFCO Joycome Foods Total Inventories Historical Data

The historical data trend for COFCO Joycome Foods'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.

COFCO Joycome Foods Total Inventories Chart

COFCO Joycome Foods Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Total Inventories
Get a 7-Day Free Trial Premium Member Only Premium Member Only 689.98 395.06 538.09 325.55 501.37

COFCO Joycome Foods Semi-Annual Data
Dec14 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24
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 538.09 360.57 325.55 401.70 501.37

COFCO Joycome Foods 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.


COFCO Joycome Foods  (STU:0M7) 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.

COFCO Joycome Foods's Net-Net Working Capital Per Share for the quarter that ended in Jun. 2024 is

Net-Net Working Capital Per Share (Q: Jun. 2024 )
=(Cash And Cash Equivalents+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(64.91+0.75 * 26.134+0.5 * 401.696-966.621
-0-14.301)/4581.998
=-0.15

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

COFCO Joycome Foods's Days Inventory for the six months ended in Jun. 2024 is calculated as:

Days Inventory=Average Total Inventories (Q: Jun. 2024 )/Cost of Goods Sold (Q: Jun. 2024 )*Days in Period
=363.6235/592.583*365 / 2
=111.99

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

COFCO Joycome Foods's Inventory Turnover for the quarter that ended in Jun. 2024 is calculated as

Inventory Turnover=Cost of Goods Sold (Q: Jun. 2024 ) / Average Total Inventories (Q: Jun. 2024 )
=592.583 / 363.6235
=1.63

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.

COFCO Joycome Foods's Inventory to Revenue for the quarter that ended in Jun. 2024 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Jun. 2024 ) / Revenue (Q: Jun. 2024 )
=363.6235 / 585.316
=0.62

* 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.


COFCO Joycome Foods Total Inventories Related Terms

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COFCO Joycome Foods Business Description

Traded in Other Exchanges
Address
No.8, Chao Yang Men South Street, COFCO Fortune Plaza, Chao Yang District, Beijing, CHN
COFCO Joycome Foods Ltd is engaged in the feed production, hog production, slaughtering and cutting, production, distribution and sale of fresh pork and processed meat products, import and distribution of meat products (including pork, beef, poultry and mutton). Its segments include Hog production segment represents hog breeding and sales of hogs; Fresh pork segment represents slaughtering, wholesale and retail sales of fresh and frozen meats; Processed meat products segment represents manufacture, wholesale and retail sales of processed meat products; and Meat import segment represents sales of imported meat products. Geographically it derives revenue from Mainland China.

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