LC Logistics (HKSE:02490) Total Inventories : HK$6 Mil (As of Dec. 2023)

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What is LC Logistics Total Inventories?

LC Logistics's total inventories for the quarter that ended in Dec. 2023 was HK$6 Mil. LC Logistics's average total inventories from the quarter that ended in Dec. 2022 to the quarter that ended in Dec. 2023 was HK$7 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. LC Logistics's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was HK$-0.10.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. LC Logistics's Days Inventory for the six months ended in Dec. 2023 was 1.09.

Inventory Turnover measures how fast the company turns over its inventory within a year. LC Logistics's Inventory Turnover for the quarter that ended in Dec. 2023 was 166.98.

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. LC Logistics's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.00.

LC Logistics Total Inventories Historical Data

The historical data trend for LC Logistics'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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LC Logistics Total Inventories Chart

LC Logistics Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Total Inventories

3.94

20.86

7.37

5.89

LC Logistics Semi-Annual Data
	Dec20	Dec21	Dec22	Dec23
Total Inventories	3.94	20.86	7.37	5.89

LC Logistics 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.

LC Logistics (HKSE:02490) 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.

LC Logistics'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)
=	(233.678	+	0.75 * 97.631	+	0.5 * 5.888	-	307.444
-	0	-	32.28)	/	286.269
=	-0.10

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

LC Logistics'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
	=	6.628	/	1106.743	*	365 / 2
	=	1.09

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

LC Logistics'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 )
	=	1106.743	/	6.628
	=	166.98

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.

LC Logistics'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 )
	=	6.628	/	1354.613
	=	0.00

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.

LC Logistics Total Inventories Related Terms

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LC Logistics (HKSE:02490) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » LC Logistics Inc (HKSE:02490) » Definitions » Total Inventories

Comparable Companies

Traded in Other Exchanges

N/A

Address

9/F, China Stone Building, 37 Hong Kong Middle Road, Shinan District, Shandong Province, Qingdao, CHN

Website

http://www.burnasia.cn

LC Logistics Inc is a company involved in cross-border logistics services. The company provides services cover all major aspects of the cross-border logistics process, including cargo pick-up and sorting, customs clearance, cross-border seaborne transportation, warehouse transit and last-mile delivery.

Executives

Li Yan	2201 Interest of corporation controlled by you
Liu Quanxiang	2201 Interest of corporation controlled by you
Xu Xin	2201 Interest of corporation controlled by you
Grand Sailing Limited	2201 Interest of corporation controlled by you
Lecang Altitude Limited	2101 Beneficial owner
Glorious Sailing Limited	2101 Beneficial owner
Lecang Flourishing Limited	2101 Beneficial owner
Spring Wealth Limited	2201 Interest of corporation controlled by you
Lecang Shining Limited	2101 Beneficial owner
Peace Seaworld Limited	2201 Interest of corporation controlled by you

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