Far East Horizon (Far East Horizon) Total Inventories : $57 Mil (As of Dec. 2023)

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What is Far East Horizon Total Inventories?

Far East Horizon's total inventories for the quarter that ended in Dec. 2023 was $57 Mil. Far East Horizon's average total inventories from the quarter that ended in Jun. 2023 to the quarter that ended in Dec. 2023 was $60 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Far East Horizon's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-180.15.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Far East Horizon's Days Inventory for the six months ended in Dec. 2023 was 7.04.

Inventory Turnover measures how fast the company turns over its inventory within a year. Far East Horizon's Inventory Turnover for the quarter that ended in Dec. 2023 was 25.93.

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. Far East Horizon's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.02.

Far East Horizon Total Inventories Historical Data

The historical data trend for Far East Horizon'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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Far East Horizon Total Inventories Chart

Far East Horizon Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Inventories

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57.58

60.77

87.77

66.88

57.38

Far East Horizon 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															87.77	87.98	66.88	62.41	57.38

Far East Horizon 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.

Far East Horizon (OTCPK:FEHZY) 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.

Far East Horizon'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)
=	(3091.607	+	0.75 * 0	+	0.5 * 57.377	-	41163.222
-	0	-	825.797)	/	215.757
=	-180.15

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

Far East Horizon'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
	=	59.8925	/	1552.834	*	365 / 2
	=	7.04

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

Far East Horizon'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 )
	=	1552.834	/	59.8925
	=	25.93

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.

Far East Horizon'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 )
	=	59.8925	/	2744.74
	=	0.02

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.

Far East Horizon Total Inventories Related Terms

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Far East Horizon (Far East Horizon) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Far East Horizon Ltd (OTCPK:FEHZY) » Definitions » Total Inventories

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03360:Hong Kong F6H:Germany

Address

1 Austin Road West, Unit 6608, 66th Floor, International Commerce Centre, Kowloon, Hong Kong, HKG

Website

https://www.fehorizon.com

Far East Horizon Ltd is a specialty finance provider. Its services entail integrated finance, investment, trade, advisory and engineering services in healthcare, infrastructure construction, electronic information, packaging, transportation and other sectors. The company operates in two segments. The Financial, lease, and advisory business is the highest revenue-generating segment for the company that deals with the provision of direct finance leasing, sale-leaseback, factoring, entrusted loans, and advisory services. The industrial operation and management business segment deals with the import and export trade and domestic trade of medical equipment, the provision of trade agency services, medical engineering, hospital and healthcare management, and ship brokerage services.

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