Horizon Fixture Group Co (TPE:6957) Total Inventories : NT$380 Mil (As of Dec. 2024)

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What is Horizon Fixture Group Co Total Inventories?

Horizon Fixture Group Co's total inventories for the quarter that ended in Dec. 2024 was NT$380 Mil. Horizon Fixture Group Co's average total inventories from the quarter that ended in Sep. 2024 to the quarter that ended in Dec. 2024 was NT$321 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Horizon Fixture Group Co's Net-Net Working Capital per share for the quarter that ended in Dec. 2024 was NT$0.65.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Horizon Fixture Group Co's Days Inventory for the three months ended in Dec. 2024 was 54.81.

Inventory Turnover measures how fast the company turns over its inventory within a year. Horizon Fixture Group Co's Inventory Turnover for the quarter that ended in Dec. 2024 was 1.66.

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. Horizon Fixture Group Co's Inventory-to-Revenue for the quarter that ended in Dec. 2024 was 0.28.

Horizon Fixture Group Co Total Inventories Historical Data

The historical data trend for Horizon Fixture Group Co'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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Horizon Fixture Group Co Total Inventories Chart

Horizon Fixture Group Co Annual Data

Trend

Dec21

Dec22

Dec23

Dec24

Total Inventories

344.33

413.74

332.00

380.31

Horizon Fixture Group Co Quarterly Data
	Dec21	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Total Inventories	Get a 7-Day Free Trial					332.00	350.08	382.22	262.22	380.31

Horizon Fixture Group Co 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.

Horizon Fixture Group Co (TPE:6957) 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.

Horizon Fixture Group Co's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2024 is

	Net-Net Working Capital Per Share (Q: Dec. 2024 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(1090.645	+	0.75 * 925.939	+	0.5 * 380.312	-	1939.207
-	0	-	0)	/	55.211
=	0.65

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

Horizon Fixture Group Co's Days Inventory for the three months ended in Dec. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2024 )	/	Cost of Goods Sold (Q: Dec. 2024 )	*	Days in Period
	=	321.265	/	534.885	*	365 / 4
	=	54.81

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

Horizon Fixture Group Co's Inventory Turnover for the quarter that ended in Dec. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Dec. 2024 )	/	Average Total Inventories (Q: Dec. 2024 )
	=	534.885	/	321.265
	=	1.66

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.

Horizon Fixture Group Co's Inventory to Revenue for the quarter that ended in Dec. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2024 )	/	Revenue (Q: Dec. 2024 )
	=	321.265	/	1142.874
	=	0.28

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.

Horizon Fixture Group Co Total Inventories Related Terms

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Horizon Fixture Group Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Horizon Fixture Group Co Ltd (TPE:6957) » Definitions » Total Inventories

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Traded in Other Exchanges

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Address

No. 122, Chenggong 3rd Road, Nantou County, Nantou, TWN, 54002

Website

https://www.hzfixtures.com

Horizon Fixture Group Co Ltd is a company known for its manufacturing excellence, delivering precision-engineered products with top-notch quality. Its logistical expertise ensures timely delivery and efficient distribution, backed by exceptional customer service. From iron and wood manufacturing to seamless installation and delivery, it offers end-to-end solutions tailored to prioritize customer satisfaction. The company offers a diverse portfolio of in-store displays, including eye-catching shelving systems, interactive kiosks, modular stands, and more. Each product is thoughtfully designed to maximize visibility and effectively engage customers.

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