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Cherish Sunshine International (HKSE:01094) Total Inventories : HK$3.7 Mil (As of Sep. 2023)


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What is Cherish Sunshine International Total Inventories?

Cherish Sunshine International's total inventories for the quarter that ended in Sep. 2023 was HK$3.7 Mil. Cherish Sunshine International's average total inventories from the quarter that ended in Mar. 2023 to the quarter that ended in Sep. 2023 was HK$1.9 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Cherish Sunshine International's Net-Net Working Capital per share for the quarter that ended in Sep. 2023 was HK$-0.51.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Cherish Sunshine International's Days Inventory for the six months ended in Sep. 2023 was 1.97.

Inventory Turnover measures how fast the company turns over its inventory within a year. Cherish Sunshine International's Inventory Turnover for the quarter that ended in Sep. 2023 was 92.51.

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. Cherish Sunshine International's Inventory-to-Revenue for the quarter that ended in Sep. 2023 was 0.01.


Cherish Sunshine International Total Inventories Historical Data

The historical data trend for Cherish Sunshine International'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.

* Premium members only.

Cherish Sunshine International Total Inventories Chart

Cherish Sunshine International Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Mar22 Mar23
Total Inventories
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.24 0.08 0.07 0.10 0.10

Cherish Sunshine International Semi-Annual Data
Dec13 Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Sep22 Mar23 Sep23
Total Inventories Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.09 0.07 0.07 0.10 3.72

Cherish Sunshine International 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.


Cherish Sunshine International  (HKSE:01094) 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.

Cherish Sunshine International's Net-Net Working Capital Per Share for the quarter that ended in Sep. 2023 is

Net-Net Working Capital Per Share (Q: Sep. 2023 )
=(Cash And Cash Equivalents+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(6.109+0.75 * 44.427+0.5 * 3.723-306.138
-0--11.325)/493.761
=-0.51

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

Cherish Sunshine International's Days Inventory for the six months ended in Sep. 2023 is calculated as:

Days Inventory=Average Total Inventories (Q: Sep. 2023 )/Cost of Goods Sold (Q: Sep. 2023 )*Days in Period
=1.912/176.877*365 / 2
=1.97

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

Cherish Sunshine International's Inventory Turnover for the quarter that ended in Sep. 2023 is calculated as

Inventory Turnover=Cost of Goods Sold (Q: Sep. 2023 ) / Average Total Inventories (Q: Sep. 2023 )
=176.877 / 1.912
=92.51

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.

Cherish Sunshine International's Inventory to Revenue for the quarter that ended in Sep. 2023 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Sep. 2023 ) / Revenue (Q: Sep. 2023 )
=1.912 / 203.556
=0.01

* 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.


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.


Cherish Sunshine International Total Inventories Related Terms

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Cherish Sunshine International (HKSE:01094) Business Description

Traded in Other Exchanges
N/A
Address
No. 1818–2 Wenyi West Road, Yuhang Street, Unit 109–14, Block 1, Yuhang District, Zhejiang Province, Hangzhou, CHN
Cherish Sunshine International Ltd is a provider of one-stop integrated procurement service solutions in China. Its segments are the provision of procurement services, trading business, provision of corporate IT solutions, rental income, and energy management contracting business. The majority of the revenue derives from the trading segment which engaged in the Trading of general goods.
Executives
Eastmount Global Limited 2101 Beneficial owner
Liu Luoxiu 2307 Founder of a discretionary trust who can infl
Wu Siyuan 2501 Other
Trident Trust Company (singapore) Pte Limited 2301 Trustee
Jiang Xi Yin Xing Gu Fen You Xian Gong Si 2106 Person having a security interest in shares

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