Tat Hong Equipment Service Co (HKSE:02153) Total Inventories : HK$45.0 Mil (As of Sep. 2023)

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What is Tat Hong Equipment Service Co Total Inventories?

Tat Hong Equipment Service Co's total inventories for the quarter that ended in Sep. 2023 was HK$45.0 Mil. Tat Hong Equipment Service Co's average total inventories from the quarter that ended in Mar. 2023 to the quarter that ended in Sep. 2023 was HK$45.0 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Tat Hong Equipment Service Co's Net-Net Working Capital per share for the quarter that ended in Sep. 2023 was HK$-0.86.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Tat Hong Equipment Service Co's Days Inventory for the six months ended in Sep. 2023 was 25.98.

Inventory Turnover measures how fast the company turns over its inventory within a year. Tat Hong Equipment Service Co's Inventory Turnover for the quarter that ended in Sep. 2023 was 7.02.

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. Tat Hong Equipment Service Co's Inventory-to-Revenue for the quarter that ended in Sep. 2023 was 0.12.

Tat Hong Equipment Service Co Total Inventories Historical Data

The historical data trend for Tat Hong Equipment Service Co'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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Tat Hong Equipment Service Co Total Inventories Chart

Tat Hong Equipment Service Co Annual Data

Trend

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Total Inventories

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12.89

15.20

25.07

41.69

45.09

Tat Hong Equipment Service Co Semi-Annual Data
	Mar18	Mar19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Total Inventories	Get a 7-Day Free Trial					39.44	41.69	29.87	45.09	44.96

Tat Hong Equipment Service Co 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.

Tat Hong Equipment Service Co (HKSE:02153) 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.

Tat Hong Equipment Service Co's Net-Net Working Capital Per Share for the quarter that ended in Sep. 2023 is

	Net-Net Working Capital Per Share (Q: Sep. 2023 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(184.414	+	0.75 * 830.238	+	0.5 * 44.964	-	1832.43
-	0	-	0)	/	1166.87
=	-0.86

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

Tat Hong Equipment Service Co's Days Inventory for the six months ended in Sep. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2023 )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
	=	45.025	/	316.277	*	365 / 2
	=	25.98

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

Tat Hong Equipment Service Co's Inventory Turnover for the quarter that ended in Sep. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Sep. 2023 )	/	Average Total Inventories (Q: Sep. 2023 )
	=	316.277	/	45.025
	=	7.02

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.

Tat Hong Equipment Service Co's Inventory to Revenue for the quarter that ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2023 )	/	Revenue (Q: Sep. 2023 )
	=	45.025	/	384.703
	=	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.

Tat Hong Equipment Service Co Total Inventories Related Terms

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Tat Hong Equipment Service Co (HKSE:02153) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Tat Hong Equipment Service Co Ltd (HKSE:02153) » Definitions » Total Inventories

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 2377, Shenkun Road, Room 601, Building 8, PortMix, Minhang District, Shanghai, CHN, 201106

Website

https://www.tathongchina.com

Tat Hong Equipment Service Co Ltd is engaged in the business of providing tower crane services. The company provides one-stop tower crane solution services from consultation, technical design, commissioning, and construction to after-sales services. Its segments include namely infrastructure, clean energy, traditional energy, public and plant construction, commercial and residential sectors.

Executives

Chwee Cheng & Sons Pte Ltd	2201 Interest of corporation controlled by you
Ng San Tiong	2301 Trustee
Ng San Wee	2301 Trustee
Ng Sun Ho	2301 Trustee
Tat Hong Equipment (china) Pte. Ltd.	2101 Beneficial owner
Tat Hong Holdings Ltd	2201 Interest of corporation controlled by you
Tat Hong International Pte Ltd	2201 Interest of corporation controlled by you
Th60 Investments Pte. Ltd.	2201 Interest of corporation controlled by you
Thsc Investments Pte. Ltd.	2201 Interest of corporation controlled by you
Ng Sun Giam	2301 Trustee
Ng Sun Giam Roger	2301 Trustee
Zoomlion H.k. Holding Co., Limited	2201 Interest of corporation controlled by you
Zoomlion Heavy Industry Science And Technology Co.,limited	2201 Interest of corporation controlled by you
Zoomlion International Trading (h.k.) Co.,limited	2101 Beneficial owner
Lim Hua Min	2201 Interest of corporation controlled by you

Tat Hong Equipment Service Co (HKSE:02153) Headlines

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