Q P Group Holdings (HKSE:01412) Total Inventories : HK$65 Mil (As of Dec. 2023)

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What is Q P Group Holdings Total Inventories?

Q P Group Holdings's total inventories for the quarter that ended in Dec. 2023 was HK$65 Mil. Q P Group Holdings's average total inventories from the quarter that ended in Jun. 2023 to the quarter that ended in Dec. 2023 was HK$69 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Q P Group Holdings's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was HK$0.12.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Q P Group Holdings's Days Inventory for the six months ended in Dec. 2023 was 33.67.

Inventory Turnover measures how fast the company turns over its inventory within a year. Q P Group Holdings's Inventory Turnover for the quarter that ended in Dec. 2023 was 5.42.

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. Q P Group Holdings's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.12.

Q P Group Holdings Total Inventories Historical Data

The historical data trend for Q P Group Holdings'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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Q P Group Holdings Total Inventories Chart

Q P Group Holdings Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Inventories

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85.71

93.68

116.55

72.44

65.13

Q P Group Holdings 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									116.55	100.39	72.44	73.73	65.13

Q P Group Holdings 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.

Q P Group Holdings (HKSE:01412) 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.

Q P Group Holdings'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)
=	(164.265	+	0.75 * 163.323	+	0.5 * 65.13	-	255.937
-	0	-	1.069)	/	532
=	0.12

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

Q P Group Holdings'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
	=	69.432	/	376.3	*	365 / 2
	=	33.67

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

Q P Group Holdings'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 )
	=	376.3	/	69.432
	=	5.42

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.

Q P Group Holdings'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 )
	=	69.432	/	578.508
	=	0.12

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.

Q P Group Holdings Total Inventories Related Terms

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Q P Group Holdings (HKSE:01412) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » Q P Group Holdings Ltd (HKSE:01412) » Definitions » Total Inventories

Traded in Other Exchanges

N/A

Address

No. 1 On Kwan Street, 21st Floor, Kings Wing Plaza 2, Shek Mun, Shatin, New Territories, Hong Kong, HKG

Website

https://www.qpp.com

Q P Group Holdings Ltd is a paper product manufacturing and printing services provider. The company's products can be classified as Tabletop games, Greeting cards, Educational items, Premium packaging, and other products. The firm's revenue is generated through sales of greeting cards and paper products. The operating segments of the group are Web sales and Original equipment manufacturer (OEM) sales. It has a business presence in the United States, Europe, the PRC, and others, of which key revenue is derived from the United States.

Executives

Good Elite Holdings Limited	2101 Beneficial owner
Cypress Spurge Holdings Limited	2101 Beneficial owner
Cheng Wan Wai	2201 Interest of corporation controlled by you
Hui Li Kwan	2202 Interest of your spouse
Wong Lai Ying	2202 Interest of your spouse
Yeung Keng Wu Kenneth	2201 Interest of corporation controlled by you
Liu Shuk Yu Sanny	2201 Interest of corporation controlled by you

Q P Group Holdings (HKSE:01412) Headlines

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