Emperor Watch & Jewellery (HKSE:00887) Total Inventories : HK$3,060 Mil (As of Dec. 2023)

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What is Emperor Watch & Jewellery Total Inventories?

Emperor Watch & Jewellery's total inventories for the quarter that ended in Dec. 2023 was HK$3,060 Mil. Emperor Watch & Jewellery's average total inventories from the quarter that ended in Jun. 2023 to the quarter that ended in Dec. 2023 was HK$2,899 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Emperor Watch & Jewellery's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was HK$0.24.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Emperor Watch & Jewellery's Days Inventory for the six months ended in Dec. 2023 was 299.22.

Inventory Turnover measures how fast the company turns over its inventory within a year. Emperor Watch & Jewellery's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.61.

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. Emperor Watch & Jewellery's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 1.16.

Emperor Watch & Jewellery Total Inventories Historical Data

The historical data trend for Emperor Watch & Jewellery'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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Emperor Watch & Jewellery Total Inventories Chart

Emperor Watch & Jewellery Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Inventories

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3,148.35

3,029.95

2,710.76

2,703.42

3,060.28

Emperor Watch & Jewellery 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															2,710.76	2,626.34	2,703.42	2,738.23	3,060.28

Emperor Watch & Jewellery 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.

Emperor Watch & Jewellery (HKSE:00887) 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.

Emperor Watch & Jewellery'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)
=	(619.648	+	0.75 * 177.341	+	0.5 * 3060.276	-	661.676
-	0	-	0)	/	6779.46
=	0.24

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

Emperor Watch & Jewellery'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
	=	2899.252	/	1768.338	*	365 / 2
	=	299.22

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

Emperor Watch & Jewellery'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 )
	=	1768.338	/	2899.252
	=	0.61

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.

Emperor Watch & Jewellery'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 )
	=	2899.252	/	2493.302
	=	1.16

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.

Emperor Watch & Jewellery Total Inventories Related Terms

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Emperor Watch & Jewellery (HKSE:00887) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Emperor Watch & Jewellery Ltd (HKSE:00887) » Definitions » Total Inventories

Traded in Other Exchanges

N/A

Address

288 Hennessy Road, 25th Floor, Emperor Group Centre, Wanchai, Hong Kong, HKG

Website

https://www.emperorwatchjewellery.com

Emperor Watch & Jewellery Ltd is a retailer of European-made internationally renowned watches, together with self-designed fine jewellery products under its own brand, Emperor Jewellery. The group has extensive retail networks in Hong Kong, Macau, Mainland China, Malaysia, and Singapore. Its wristwatch brands include Audemars Piguet, Baume & Mercier, Cartier, Omega, Jaeger-LeCoultre, Montblanc, Tissot, and Rolex, among others. The target customers range from middle to high-income groups world wide. The majority of the revenue is mainly derived from sales of watches and jewellery in Hong Kong.

Executives

Albert Yeung Watch & Jewellery Holdings Limited	2201 Interest of corporation controlled by you
Emperor Watch & Jewellery Group Holdings Limited	2101 Beneficial owner
First Family Advisors Trust Reg.	2301 Trustee
Luk Siu Man, Semon	2202 Interest of your spouse
Yeung Sau Shing, Albert	2307 Founder of a discretionary trust who can infl
Yeung Cindy	2501 Other
Brandes Investment Partners, L.p.

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