Changyou Alliance Group (HKSE:01039) Total Inventories : HK$0.1 Mil (As of Dec. 2023)

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What is Changyou Alliance Group Total Inventories?

Changyou Alliance Group's total inventories for the quarter that ended in Dec. 2023 was HK$0.1 Mil. Changyou Alliance Group's average total inventories from the quarter that ended in Jun. 2023 to the quarter that ended in Dec. 2023 was HK$0.1 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Changyou Alliance Group's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was HK$0.07.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Changyou Alliance Group's Days Inventory for the six months ended in Dec. 2023 was 0.25.

Inventory Turnover measures how fast the company turns over its inventory within a year. Changyou Alliance Group's Inventory Turnover for the quarter that ended in Dec. 2023 was 715.77.

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. Changyou Alliance Group's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.00.

Changyou Alliance Group Total Inventories Historical Data

The historical data trend for Changyou Alliance 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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Changyou Alliance Group Total Inventories Chart

Changyou Alliance Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Inventories

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1.93

1.67

0.78

0.18

0.10

Changyou Alliance 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															0.78	0.68	0.18	0.11	0.10

Changyou Alliance 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.

Changyou Alliance Group (HKSE:01039) 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.

Changyou Alliance 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)
=	(28.122	+	0.75 * 11.474	+	0.5 * 0.095	-	331.268
-	0	-	-424.394)	/	1810.95
=	0.07

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

Changyou Alliance 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
	=	0.1045	/	74.798	*	365 / 2
	=	0.25

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

Changyou Alliance 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 )
	=	74.798	/	0.1045
	=	715.77

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.

Changyou Alliance 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 )
	=	0.1045	/	89.505
	=	0.00

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.

Changyou Alliance Group Total Inventories Related Terms

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Changyou Alliance Group (HKSE:01039) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Changyou Alliance Group Ltd (HKSE:01039) » Definitions » Total Inventories

Comparable Companies

Traded in Other Exchanges

N/A

Address

30 Harbour Road, Room 1908-1916, 19th Floor, Sun Hung Kai Centre, Wanchai, Hong Kong, HKG

Website

https://www.changyou-alliance.com

Changyou Alliance Group Ltd is a company involved in the development and operation of an electronic trading platform. The company mainly operates in the Digital Point segment that operates an electronic trading platform to promote and facilitate awards earned by customers of loyalty programmes of other companies to be exchanged globally in the form of virtual assets and credits for consumption of merchandises, games, services and other commercial transactions.

Executives

Greater Bay Area Homeland Development Fund (gp) Limited	2106 Person having a security interest in shares
Greater Bay Area Homeland Investments Limited	2106 Person having a security interest in shares
Poly Platinum Enterprises Limited	2106 Person having a security interest in shares
Century Investment (holding) Limited	2101 Beneficial owner
Pun Tang	2201 Interest of corporation controlled by you
Atlantis Capital Group Holdings Limited	2201 Interest of corporation controlled by you
Liu Yang	2201 Interest of corporation controlled by you
Central Huijin Investment Ltd.	2201 Interest of corporation controlled by you

Changyou Alliance Group (HKSE:01039) Headlines

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