Gushengtang Holdings (HKSE:02273) Total Inventories : HK$167 Mil (As of Dec. 2023)

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What is Gushengtang Holdings Total Inventories?

Gushengtang Holdings's total inventories for the quarter that ended in Dec. 2023 was HK$167 Mil. Gushengtang Holdings's average total inventories from the quarter that ended in Jun. 2023 to the quarter that ended in Dec. 2023 was HK$151 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Gushengtang Holdings's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was HK$2.08.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Gushengtang Holdings's Days Inventory for the six months ended in Dec. 2023 was 27.34.

Inventory Turnover measures how fast the company turns over its inventory within a year. Gushengtang Holdings's Inventory Turnover for the quarter that ended in Dec. 2023 was 6.67.

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. Gushengtang Holdings's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.10.

Gushengtang Holdings Total Inventories Historical Data

The historical data trend for Gushengtang 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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Gushengtang Holdings Total Inventories Chart

Gushengtang Holdings Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Inventories

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50.18

68.45

94.73

117.09

167.29

Gushengtang Holdings Semi-Annual Data
	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Total Inventories	Get a 7-Day Free Trial					94.73	92.37	117.09	134.31	167.29

Gushengtang 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.

Gushengtang Holdings (HKSE:02273) 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.

Gushengtang 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)
=	(1456.491	+	0.75 * 196.8	+	0.5 * 167.293	-	1173.908
-	0	-	1.187)	/	246.299
=	2.08

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

Gushengtang 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
	=	150.8025	/	1006.463	*	365 / 2
	=	27.34

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

Gushengtang 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 )
	=	1006.463	/	150.8025
	=	6.67

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.

Gushengtang 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 )
	=	150.8025	/	1462.628
	=	0.10

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.

Gushengtang Holdings Total Inventories Related Terms

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Gushengtang Holdings (HKSE:02273) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Gushengtang Holdings Ltd (HKSE:02273) » Definitions » Total Inventories

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 419, Qingsha Road, Room 005, Dongchong Town, Nansha District, Guangzhou, CHN

Website

https://www.gstzy.cn

Gushengtang Holdings Ltd is a traditional Chinese medicine (TCM) company. Through offline medical institutions and online healthcare platforms, it provides customers with a comprehensive range of TCM healthcare services and products to address diverse medical and healthcare management needs. As all of the Group's revenue is derived from the PRC.

Executives

Tu Zhiliang	2501 Other
Wumianshan Ltd.	2201 Interest of corporation controlled by you
Frandor Limited
Tu Family Holdings Limited
Trident Trust Company (singapore) Pte. Limited
Dream True Limited
Action Thrive Group Limited	2101 Beneficial owner
Fmr Llc	2201 Interest of corporation controlled by you
Eight Roads Holdings Limited	2201 Interest of corporation controlled by you
Fil Limited	2201 Interest of corporation controlled by you
Eight Roads Shareholdings Limited	2201 Interest of corporation controlled by you
Pandanus Partners L.p.	2201 Interest of corporation controlled by you
Pandanus Associates Inc.	2201 Interest of corporation controlled by you
Johnson Iv Edward C.	2301 Trustee
Johnson Abigail P.	2301 Trustee

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