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Impro Precision Industries (HKSE:01286) Total Inventories : HK$961 Mil (As of Dec. 2023)


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What is Impro Precision Industries Total Inventories?

Impro Precision Industries's total inventories for the quarter that ended in Dec. 2023 was HK$961 Mil. Impro Precision Industries's average total inventories from the quarter that ended in Jun. 2023 to the quarter that ended in Dec. 2023 was HK$1,003 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Impro Precision Industries's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was HK$-0.82.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Impro Precision Industries's Days Inventory for the six months ended in Dec. 2023 was 111.24.

Inventory Turnover measures how fast the company turns over its inventory within a year. Impro Precision Industries's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.64.

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. Impro Precision Industries's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.46.


Impro Precision Industries Total Inventories Historical Data

The historical data trend for Impro Precision Industries'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.

Impro Precision Industries Total Inventories Chart

Impro Precision Industries Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Total Inventories
Get a 7-Day Free Trial 785.81 705.34 974.64 1,152.07 961.20

Impro Precision Industries Semi-Annual Data
Dec16 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
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 974.64 1,023.81 1,152.07 1,044.63 961.20

Impro Precision Industries 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.


Impro Precision Industries  (HKSE:01286) 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.

Impro Precision Industries'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)
=(630.85+0.75 * 1026.376+0.5 * 961.195-3399.915
-0-20.333)/1887.29
=-0.82

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

Impro Precision Industries'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
=1002.9135/1645.367*365 / 2
=111.24

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

Impro Precision Industries'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 )
=1645.367 / 1002.9135
=1.64

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.

Impro Precision Industries'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 )
=1002.9135 / 2199.535
=0.46

* 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.


Impro Precision Industries Total Inventories Related Terms

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Impro Precision Industries (HKSE:01286) Business Description

Traded in Other Exchanges
Address
6-8 Harbour Road, Unit 803, Shui On Centre, Wanchai, Hong Kong, HKG
Impro Precision Industries Ltd is an investment holding company. It operates in four segments: Investment casting, Precision machining and others, Sand casting, and Surface Treatment. The products and services offered are widely applied to various end-markets, including passenger cars, commercial vehicles, high horsepower engines, hydraulic equipment, construction equipment, agricultural equipment, recreational boats and vehicles, aerospace, and medical. Its geographical segments are the Americas, Europe, and Asia, of which key revenue is generated from the Americas.

Impro Precision Industries (HKSE:01286) Headlines

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