Maoyan Entertainment (HKSE:01896) Total Inventories : HK$43 Mil (As of Dec. 2023)

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What is Maoyan Entertainment Total Inventories?

Maoyan Entertainment's total inventories for the quarter that ended in Dec. 2023 was HK$43 Mil. Maoyan Entertainment's average total inventories from the quarter that ended in Jun. 2023 to the quarter that ended in Dec. 2023 was HK$32 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Maoyan Entertainment's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was HK$0.75.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Maoyan Entertainment's Days Inventory for the six months ended in Dec. 2023 was 4.17.

Inventory Turnover measures how fast the company turns over its inventory within a year. Maoyan Entertainment's Inventory Turnover for the quarter that ended in Dec. 2023 was 43.78.

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. Maoyan Entertainment's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.01.

Maoyan Entertainment Total Inventories Historical Data

The historical data trend for Maoyan Entertainment'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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Maoyan Entertainment Total Inventories Chart

Maoyan Entertainment Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Inventories

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31.42

41.67

42.92

21.52

43.13

Maoyan Entertainment Semi-Annual Data
	Dec15	Dec16	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Total Inventories	Get a 7-Day Free Trial										42.92	52.33	21.52	20.68	43.13

Maoyan Entertainment 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.

Maoyan Entertainment (HKSE:01896) 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.

Maoyan Entertainment'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)
=	(4047.68	+	0.75 * 817.863	+	0.5 * 43.129	-	3830.216
-	0	-	-3.184)	/	1146.78
=	0.75

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

Maoyan Entertainment'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
	=	31.9025	/	1396.547	*	365 / 2
	=	4.17

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

Maoyan Entertainment'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 )
	=	1396.547	/	31.9025
	=	43.78

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.

Maoyan Entertainment'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 )
	=	31.9025	/	2800.612
	=	0.01

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.

Maoyan Entertainment Total Inventories Related Terms

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Maoyan Entertainment (HKSE:01896) Business Description

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GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Maoyan Entertainment (HKSE:01896) » Definitions » Total Inventories

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Traded in Other Exchanges

9ME:Germany

Address

No. 11 Hepingli East Street, No. 3 Building, Yonghe Hangxing Garden, Dongcheng District, Beijing, CHN

Website

https://www.maoyan.com

Maoyan Entertainment is a China-based company which mainly operates an innovative Internet-empowered entertainment service platform. The company operates in three segments. The Online Entertainment Ticketing Services segment offers online ticketing services for comprehensive entertainment formats, such as movies and entertainment events. The Entertainment Content Services segment operates an integrated platform to provide entertainment content services, ranging from distribution, and promotion to production, for various entertainment formats including movies, TV series, variety shows, and entertainment events. The Advertising Services and Others segment serves advertisers in both the entertainment industry and other industries including automobile, electronics, and consumer products.

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