JiaChen Holding Group (HKSE:01937) Total Inventories : HK$54.7 Mil (As of Dec. 2023)

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What is JiaChen Holding Group Total Inventories?

JiaChen Holding Group's total inventories for the quarter that ended in Dec. 2023 was HK$54.7 Mil. JiaChen Holding Group's average total inventories from the quarter that ended in Jun. 2023 to the quarter that ended in Dec. 2023 was HK$58.9 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. JiaChen Holding Group's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was HK$0.05.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. JiaChen Holding Group's Days Inventory for the six months ended in Dec. 2023 was 82.29.

Inventory Turnover measures how fast the company turns over its inventory within a year. JiaChen Holding Group's Inventory Turnover for the quarter that ended in Dec. 2023 was 2.22.

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. JiaChen Holding Group's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.36.

JiaChen Holding Group Total Inventories Historical Data

The historical data trend for JiaChen Holding Group'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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JiaChen Holding Group Total Inventories Chart

JiaChen Holding Group Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Inventories

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32.92

36.70

62.29

50.95

54.70

JiaChen Holding Group 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									62.29	82.49	50.95	63.08	54.70

JiaChen Holding Group 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.

JiaChen Holding Group (HKSE:01937) 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.

JiaChen Holding Group'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)
=	(45.809	+	0.75 * 220.367	+	0.5 * 54.701	-	186.044
-	0	-	1.541)	/	1000.000
=	0.05

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

JiaChen Holding Group'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
	=	58.8885	/	130.599	*	365 / 2
	=	82.29

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

JiaChen Holding Group'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 )
	=	130.599	/	58.8885
	=	2.22

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.

JiaChen Holding Group'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 )
	=	58.8885	/	161.811
	=	0.36

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.

JiaChen Holding Group Total Inventories Related Terms

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JiaChen Holding Group (HKSE:01937) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » JiaChen Holding Group Ltd (HKSE:01937) » Definitions » Total Inventories

Comparable Companies

Traded in Other Exchanges

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Address

No.18 Changhong East Road, Henglin Town, Wujin District, Jiangsu, Changzhou, CHN

Website

https://www.jiachencn.com.cn

JiaChen Holding Group Ltd is engaged in manufacturing and sales of access flooring products and provide related installation services. Its segments consist of Steel access flooring plates; and Calcium-sulfate access flooring plates. Its access flooring products have been applied in office buildings in the China with characteristics of cable management (wires and cables are managed and organized underfloor with flexibility to accommodate any electronic devices); short installation time; high compressive strength and fire-resistance characteristic; and high bearing capacity. Geographical presence of the company is in Hong Kong, Hong Kong, PRC and Other country and regions.

Executives

Shen Min	2201 Interest of corporation controlled by you
Zhang Yaying	2202 Interest of your spouse
Global Yunhong Group Limited	2101 Beneficial owner
Jia Chen Tou Zi You Xian Gong Si	2101 Beneficial owner
Li Yubao	2201 Interest of corporation controlled by you
Liu Hui	2202 Interest of your spouse
Shen Minghui	2201 Interest of corporation controlled by you
Xin Chen Tou Zi You Xian Gong Si	2101 Beneficial owner
Yi Long Tou Zi You Xian Gong Si	2101 Beneficial owner

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