China Resources Mixc Lifestyle Services (HKSE:01209) Total Inventories : HK$222 Mil (As of Dec. 2023)

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What is China Resources Mixc Lifestyle Services Total Inventories?

China Resources Mixc Lifestyle Services's total inventories for the quarter that ended in Dec. 2023 was HK$222 Mil. China Resources Mixc Lifestyle Services's average total inventories from the quarter that ended in Jun. 2023 to the quarter that ended in Dec. 2023 was HK$239 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. China Resources Mixc Lifestyle Services's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was HK$2.61.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. China Resources Mixc Lifestyle Services's Days Inventory for the six months ended in Dec. 2023 was 7.20.

Inventory Turnover measures how fast the company turns over its inventory within a year. China Resources Mixc Lifestyle Services's Inventory Turnover for the quarter that ended in Dec. 2023 was 25.35.

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. China Resources Mixc Lifestyle Services's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.03.

China Resources Mixc Lifestyle Services Total Inventories Historical Data

The historical data trend for China Resources Mixc Lifestyle Services'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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China Resources Mixc Lifestyle Services Total Inventories Chart

China Resources Mixc Lifestyle Services Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Inventories

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117.69

232.50

168.98

165.24

221.76

China Resources Mixc Lifestyle Services Semi-Annual Data
	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Total Inventories	Get a 7-Day Free Trial							168.98	141.08	165.24	255.55	221.76

China Resources Mixc Lifestyle Services 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.

China Resources Mixc Lifestyle Services (HKSE:01209) 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.

China Resources Mixc Lifestyle Services'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)
=	(17098.963	+	0.75 * 2267.999	+	0.5 * 221.758	-	12849.093
-	0	-	96.049)	/	2282.5
=	2.61

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

China Resources Mixc Lifestyle Services'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
	=	238.6535	/	6050.954	*	365 / 2
	=	7.20

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

China Resources Mixc Lifestyle Services'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 )
	=	6050.954	/	238.6535
	=	25.35

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.

China Resources Mixc Lifestyle Services'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 )
	=	238.6535	/	8721.387
	=	0.03

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.

China Resources Mixc Lifestyle Services Total Inventories Related Terms

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China Resources Mixc Lifestyle Services (HKSE:01209) Business Description

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GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » China Resources Mixc Lifestyle Services Ltd (HKSE:01209) » Definitions » Total Inventories

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Address

No. 9668 Shennan Avenue, 30th Floor, China Resources Land Building, Tower B, Nanshan District, Shenzhen, CHN

Website

https://www.crmixclifestyle.com.cn

China Resources Mixc Lifestyle Services Ltd offers property management services. The business activities of the group function through two business segments namely the residential property management services segment and Commercial operational and property management services segment. Majority of revenue is generated from Commercial operational and property management services segment. The Group provides property management and value-added services to portfolios of residential properties, and also manages and operates a diversified and growing portfolio of commercial properties comprising shopping malls and office buildings. Geographically the company operates through the regions of China.

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