Cathay Pacific Airways (HKSE:00293) Total Inventories : HK$967 Mil (As of Dec. 2023)

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What is Cathay Pacific Airways Total Inventories?

Cathay Pacific Airways's total inventories for the quarter that ended in Dec. 2023 was HK$967 Mil. Cathay Pacific Airways's average total inventories from the quarter that ended in Jun. 2023 to the quarter that ended in Dec. 2023 was HK$954 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Cathay Pacific Airways's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was HK$-14.73.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Cathay Pacific Airways's Days Inventory for the six months ended in Dec. 2023 was 4.29.

Inventory Turnover measures how fast the company turns over its inventory within a year. Cathay Pacific Airways's Inventory Turnover for the quarter that ended in Dec. 2023 was 42.59.

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. Cathay Pacific Airways's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.02.

Cathay Pacific Airways Total Inventories Historical Data

The historical data trend for Cathay Pacific Airways'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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Cathay Pacific Airways Total Inventories Chart

Cathay Pacific Airways Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Inventories

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1,812.00

1,719.00

1,269.00

1,137.00

967.00

Cathay Pacific Airways 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															1,269.00	1,373.00	1,137.00	941.00	967.00

Cathay Pacific Airways 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.

Cathay Pacific Airways (HKSE:00293) 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.

Cathay Pacific Airways'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)
=	(15530	+	0.75 * 4323	+	0.5 * 967	-	114082
-	0	-	7)	/	6437.9
=	-14.73

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

Cathay Pacific Airways'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
	=	954	/	40627	*	365 / 2
	=	4.29

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

Cathay Pacific Airways'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 )
	=	40627	/	954
	=	42.59

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.

Cathay Pacific Airways'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 )
	=	954	/	50892
	=	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.

Cathay Pacific Airways Total Inventories Related Terms

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Cathay Pacific Airways (HKSE:00293) Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

CPCAY:USA CPCAF:USA CTY:Germany

Address

88 Queensway, 33rd Floor, One Pacific Place, Hong Kong, HKG

Website

https://www.cathaypacific.com

Cathay Pacific Airways is the largest airline group in Hong Kong. It operated a fleet of 222 aircraft as of December 2022 and carried more than 35 million passengers in 2019. Its route network extends to 119 destinations in 35 countries. The group operates the full-service airline Cathay Pacific and the low-cost carrier HK Express. It also runs the cargo carrier Air Hong Kong.

Executives

Hsbc Holdings Plc	2201 Interest of corporation controlled by you
John Swire & Sons Limited	2201 Interest of corporation controlled by you
Swire Pacific Limited	2101 Beneficial owner
The Financial Secretary Incorporated	2201 Interest of corporation controlled by you
Air China Limited
China National Aviation Holding Corporation Limited
Qatar Airways Group Q.c.s.c.	2101 Beneficial owner

Cathay Pacific Airways (HKSE:00293) Headlines

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