Success Universe Group (HKSE:00487) Total Inventories : HK$88.9 Mil (As of Dec. 2023)

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What is Success Universe Group Total Inventories?

Success Universe Group's total inventories for the quarter that ended in Dec. 2023 was HK$88.9 Mil. Success Universe Group's average total inventories from the quarter that ended in Jun. 2023 to the quarter that ended in Dec. 2023 was HK$95.7 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Success Universe Group's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was HK$-0.04.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Success Universe Group's Days Inventory for the six months ended in Dec. 2023 was 722.76.

Inventory Turnover measures how fast the company turns over its inventory within a year. Success Universe Group's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.25.

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. Success Universe Group's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 2.86.

Success Universe Group Total Inventories Historical Data

The historical data trend for Success Universe Group'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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Success Universe Group Total Inventories Chart

Success Universe Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Inventories

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119.75

110.90

111.40

100.60

88.90

Success Universe Group 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															111.40	111.00	100.60	102.40	88.90

Success Universe Group 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.

Success Universe Group (HKSE:00487) 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.

Success Universe Group'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)
=	(245.841	+	0.75 * 10.071	+	0.5 * 88.9	-	501.191
-	0	-	0)	/	4926.49
=	-0.04

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

Success Universe Group'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
	=	95.65	/	24.152	*	365 / 2
	=	722.76

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

Success Universe Group'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 )
	=	24.152	/	95.65
	=	0.25

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.

Success Universe Group'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 )
	=	95.65	/	33.453
	=	2.86

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.

Success Universe Group Total Inventories Related Terms

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Success Universe Group (HKSE:00487) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Success Universe Group Ltd (HKSE:00487) » Definitions » Total Inventories

Comparable Companies

Traded in Other Exchanges

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Address

18 Harcourt Road, Tower 1, Admiralty Centre, Units 1003-04A, 10th Floor, Hong Kong, HKG

Website

http://www.successug.com

Success Universe Group Ltd is a Hong Kong-based investment holding company that is engaged in travel-related and property investment businesses. The travel segment is engaged in the sales of air tickets, tour packages, and other travel-related services, Property investment business receives profit streams from leasing office premises in Hong Kong. It operates the business activity from various locations which includes Hong Kong, Macau, North America, and China. The group generates the majority of its revenue from the Travel segment.

Executives

Silver Rich Macau Development Limited	2101 Beneficial owner
Liu Siu Lam Marian	2202 Interest of your spouse
Yeung Hoi Sing Sonny	2201 Interest of corporation controlled by you

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