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Miramar Hotel & Investment Co (HKSE:00071) Total Inventories : HK$121 Mil (As of Dec. 2023)


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What is Miramar Hotel & Investment Co Total Inventories?

Miramar Hotel & Investment Co's total inventories for the quarter that ended in Dec. 2023 was HK$121 Mil. Miramar Hotel & Investment Co's average total inventories from the quarter that ended in Jun. 2023 to the quarter that ended in Dec. 2023 was HK$118 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Miramar Hotel & Investment Co's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was HK$6.24.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Miramar Hotel & Investment Co's Days Inventory for the six months ended in Dec. 2023 was 23.78.

Inventory Turnover measures how fast the company turns over its inventory within a year. Miramar Hotel & Investment Co's Inventory Turnover for the quarter that ended in Dec. 2023 was 7.67.

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. Miramar Hotel & Investment Co's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.08.

Miramar Hotel & Investment Co Total Inventories Historical Data

The historical data trend for Miramar Hotel & Investment 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.

* Premium members only.

Miramar Hotel & Investment Co Total Inventories Chart

Miramar Hotel & Investment Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Total Inventories
Get a 7-Day Free Trial Premium Member Only Premium Member Only 116.67 122.62 127.65 119.66 120.53

Miramar Hotel & Investment Co 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 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 127.65 122.90 119.66 115.36 120.53

Miramar Hotel & Investment 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.

Miramar Hotel & Investment Co  (HKSE:00071) 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.

Miramar Hotel & Investment Co'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)
=(5658.187+0.75 * 101.341+0.5 * 120.532-1299.276
-0-186.529)/690.96
=6.24

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

Miramar Hotel & Investment Co'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
=117.945/905.063*365 / 2
=23.78

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

Miramar Hotel & Investment Co'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 )
=905.063 / 117.945
=7.67

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.

Miramar Hotel & Investment Co'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 )
=117.945 / 1410.499
=0.08

* 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.

Miramar Hotel & Investment Co Total Inventories Related Terms

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Miramar Hotel & Investment Co (HKSE:00071) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Miramar Hotel & Investment Co Ltd (HKSE:00071) » Definitions » Total Inventories
Comparable Companies
HKSE:03990 HKSE:01686 HKSE:01516 HKSE:09666 HKSE:06626 HKSE:03316 HKSE:03319 HKSE:02156 HKSE:06666 HKSE:00410 CSGP CBRE XMAD:CLNX XTER:VNA BEKE TSE:8830 ADX:QHOLDING OSTO:AKEL D HKSE:01972 MIL:INW
Traded in Other Exchanges
N/A
Address
132 Nathan Road, 15th Floor, Mira Place Tower A, Tsim Sha Tsui, Kowloon, Hong Kong, HKG
Website
https://www.miramar-group.com
Miramar Hotel & Investment Co Ltd is an investment holding company. It operates in five segments: Property rental, which includes leasing of office and retail premises to generate rental income and to gain from the appreciation in properties values in the long term; Hotels & serviced apartments segment operates hotels and serviced apartments and provision of hotel management services; Food & beverage operation segment operates restaurants; Travel operation segment is engaged in the operation of travel agency services; and Others. Its geographical segments are Hong Kong and China, of which Hong Kong accounts for the majority of its revenue.
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