Sitoy Group Holdings (HKSE:01023) Total Inventories : HK$234 Mil (As of Dec. 2023)

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What is Sitoy Group Holdings Total Inventories?

Sitoy Group Holdings's total inventories for the quarter that ended in Dec. 2023 was HK$234 Mil. Sitoy Group Holdings's average total inventories from the quarter that ended in Jun. 2023 to the quarter that ended in Dec. 2023 was HK$224 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Sitoy Group Holdings's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was HK$0.46.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Sitoy Group Holdings's Days Inventory for the six months ended in Dec. 2023 was 77.43.

Inventory Turnover measures how fast the company turns over its inventory within a year. Sitoy Group Holdings's Inventory Turnover for the quarter that ended in Dec. 2023 was 2.36.

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. Sitoy Group Holdings's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.28.

Sitoy Group Holdings Total Inventories Historical Data

The historical data trend for Sitoy Group Holdings'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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Sitoy Group Holdings Total Inventories Chart

Sitoy Group Holdings Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Total Inventories

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393.78

280.09

285.82

286.72

214.44

Sitoy Group Holdings 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															268.47	286.72	252.83	214.44	233.59

Sitoy Group Holdings 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.

Sitoy Group Holdings (HKSE:01023) 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.

Sitoy Group Holdings'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)
=	(441.432	+	0.75 * 287.994	+	0.5 * 233.59	-	329.627
-	0	-	0)	/	964.74
=	0.46

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

Sitoy Group Holdings'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
	=	224.0155	/	527.986	*	365 / 2
	=	77.43

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

Sitoy Group Holdings'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 )
	=	527.986	/	224.0155
	=	2.36

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.

Sitoy Group Holdings'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 )
	=	224.0155	/	813.833
	=	0.28

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.

Sitoy Group Holdings Total Inventories Related Terms

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Sitoy Group Holdings (HKSE:01023) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Sitoy Group Holdings Ltd (HKSE:01023) » Definitions » Total Inventories

Comparable Companies

Traded in Other Exchanges

N/A

Address

164 Wai Yip Street, Kwun Tong, 9th Floor, Sitoy Tower, Kowloon, Hong Kong, HKG

Website

https://www.sitoy.com

Sitoy Group Holdings Ltd primarily serves as a contract manufacturer of handbags, small leather goods, and travel goods for high-end and luxury brand customers. Sitoy's contract manufacturing business generates Most of the company's total revenue. Sitoy also has a retail segment, where the company manufactures products that it sells under its own or licensed brand names in company-operated retail stores or online. Sitoy's brands include Tuscans and Fashion and Joy. It also has an exclusive license to sell Kenneth Cole and Bruno Magli products in China and Hong Kong.

Executives

Samarang Ucits	2101 Beneficial owner
Yeung Michael Wah Keung	2101 Beneficial owner
Yeung Wo Fai	2101 Beneficial owner
Bellatrix S.p.a.	2201 Interest of corporation controlled by you
Bertelli Patrizio	2201 Interest of corporation controlled by you
Ludo S.p.a.	2201 Interest of corporation controlled by you
Pa Be 1 S.p.a.	2201 Interest of corporation controlled by you
Prada Bianchi Miuccia	2201 Interest of corporation controlled by you
Prada Holding S.p.a.	2201 Interest of corporation controlled by you
Prada S.p.a.	2101 Beneficial owner

Sitoy Group Holdings (HKSE:01023) Headlines

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