Kerry Logistics Network (HKSE:00636) Total Inventories : HK$411 Mil (As of Dec. 2023)

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What is Kerry Logistics Network Total Inventories?

Kerry Logistics Network's total inventories for the quarter that ended in Dec. 2023 was HK$411 Mil. Kerry Logistics Network's average total inventories from the quarter that ended in Jun. 2023 to the quarter that ended in Dec. 2023 was HK$460 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Kerry Logistics Network's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was HK$-6.30.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Kerry Logistics Network's Days Inventory for the six months ended in Dec. 2023 was 4.35.

Inventory Turnover measures how fast the company turns over its inventory within a year. Kerry Logistics Network's Inventory Turnover for the quarter that ended in Dec. 2023 was 41.99.

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. Kerry Logistics Network's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.02.

Kerry Logistics Network Total Inventories Historical Data

The historical data trend for Kerry Logistics Network'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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Kerry Logistics Network Total Inventories Chart

Kerry Logistics Network Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Inventories

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504.67

404.88

374.78

482.04

410.79

Kerry Logistics Network 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															374.78	470.88	482.04	509.48	410.79

Kerry Logistics Network 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.

Kerry Logistics Network (HKSE:00636) 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.

Kerry Logistics Network'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)
=	(6521.827	+	0.75 * 8568.201	+	0.5 * 410.79	-	22013.656
-	0	-	2520.879)	/	1807.43
=	-6.30

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

Kerry Logistics Network'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
	=	460.1345	/	19320.569	*	365 / 2
	=	4.35

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

Kerry Logistics Network'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 )
	=	19320.569	/	460.1345
	=	41.99

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.

Kerry Logistics Network'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 )
	=	460.1345	/	22092.936
	=	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.

Kerry Logistics Network Total Inventories Related Terms

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Kerry Logistics Network (HKSE:00636) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Kerry Logistics Network Ltd (HKSE:00636) » Definitions » Total Inventories

Comparable Companies

Traded in Other Exchanges

KYL:Germany

Address

55 Wing Kei Road, 16th Floor, Kerry Cargo Centre, New Territories, Kwai Chung, Hong Kong, HKG

Website

https://www.kln.com

Kerry Logistics Network, or KLN, is a leading Asian diversified logistics service provider with a global presence. KLN is the number one non-vessel operating common carrier, or NVOCC, by volume for transpacific trades in 2022. Its business consists of international freight forwarding (air freight, ocean freight, and cross-border road freight forwarding services), integrated logistics mainly across Asia, and e-commerce and express delivery services. KLN has been majority owned by and consolidated under the international segment of China's leading logistics company S.F. Holding, or SF, since September 2021.

Executives

Wang Wei	2201 Interest of corporation controlled by you
Shen Zhen Ming De Kong Gu Fa Zhan You Xian Gong Si	2201 Interest of corporation controlled by you
Shun Feng Kong Gu Gu Fen You Xian Gong Si	2201 Interest of corporation controlled by you
Kerry Group Limited	2201 Interest of corporation controlled by you
Kerry Properties Limited	2101 Beneficial owner
Flourish Harmony Holdings Company Limited	2101 Beneficial owner

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