APAC Resources (HKSE:01104) Total Inventories : HK$6 Mil (As of Dec. 2023)

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What is APAC Resources Total Inventories?

APAC Resources's total inventories for the quarter that ended in Dec. 2023 was HK$6 Mil. APAC Resources's average total inventories from the quarter that ended in Jun. 2023 to the quarter that ended in Dec. 2023 was HK$149 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. APAC Resources's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was HK$1.36.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. APAC Resources's Days Inventory for the six months ended in Dec. 2023 was 31.41.

Inventory Turnover measures how fast the company turns over its inventory within a year. APAC Resources's Inventory Turnover for the quarter that ended in Dec. 2023 was 5.81.

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. APAC Resources's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.16.

APAC Resources Total Inventories Historical Data

The historical data trend for APAC Resources'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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APAC Resources Total Inventories Chart

APAC Resources Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Total Inventories

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53.80

108.36

33.60

90.65

291.57

APAC Resources 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															33.60	90.65	168.68	291.57	5.94

APAC Resources 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.

APAC Resources (HKSE:01104) 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.

APAC Resources'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)
=	(2123.211	+	0.75 * 109.232	+	0.5 * 5.937	-	415.044
-	0	-	19.658)	/	1302.49
=	1.36

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

APAC Resources'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
	=	148.7525	/	864.379	*	365 / 2
	=	31.41

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

APAC Resources'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 )
	=	864.379	/	148.7525
	=	5.81

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.

APAC Resources'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 )
	=	148.7525	/	941.434
	=	0.16

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.

APAC Resources Total Inventories Related Terms

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APAC Resources (HKSE:01104) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » APAC Resources Ltd (HKSE:01104) » Definitions » Total Inventories

Comparable Companies

Traded in Other Exchanges

APPCF:USA FZV1:Germany

Address

138 Gloucester Road, Allied Kajima Building, Wanchai, Room 2304, 23rd Floor, Hong Kong, HKG

Website

http://www.apacresources.com

APAC Resources Ltd is an investment holding company principally engaged in the commodity trading business and natural source investment business. The company operates through three business segments namely Commodity Business which includes trading of commodities, Resource investment which is engaged in the trading of and investment in listed and unlisted securities and Principal investment and financial services which engaged in the provision of loan financing and investments in loan notes, convertible notes, and other financial assets. The company generates maximum revenue from Commodity Business segment.

Executives

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Pia Ltd	2102 Investment manager
Allied Group Limited	2201 Interest of corporation controlled by you
Lee Seng Hui	2201 Interest of corporation controlled by you
Lee Seng Huang	2201 Interest of corporation controlled by you
Lee Su Hwei	2201 Interest of corporation controlled by you
Opg Holdings Llc	2201 Interest of corporation controlled by you
Shougang Fushan Resources Group Limited
Allied Properties (h.k.) Limited	2201 Interest of corporation controlled by you

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