Greentown Service Group Co (HKSE:02869) Total Inventories : HK$737 Mil (As of Dec. 2023)

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What is Greentown Service Group Co Total Inventories?

Greentown Service Group Co's total inventories for the quarter that ended in Dec. 2023 was HK$737 Mil. Greentown Service Group Co's average total inventories from the quarter that ended in Jun. 2023 to the quarter that ended in Dec. 2023 was HK$703 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Greentown Service Group Co's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was HK$-0.13.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Greentown Service Group Co's Days Inventory for the six months ended in Dec. 2023 was 15.01.

Inventory Turnover measures how fast the company turns over its inventory within a year. Greentown Service Group Co's Inventory Turnover for the quarter that ended in Dec. 2023 was 12.16.

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. Greentown Service Group Co's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.07.

Greentown Service Group Co Total Inventories Historical Data

The historical data trend for Greentown Service Group 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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Greentown Service Group Co Total Inventories Chart

Greentown Service Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Inventories

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375.66

409.57

531.51

636.77

736.98

Greentown Service Group Co Semi-Annual Data
	Dec13	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Total Inventories	Get a 7-Day Free Trial															531.51	603.71	636.77	668.37	736.98

Greentown Service Group 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.

Greentown Service Group Co (HKSE:02869) 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.

Greentown Service Group Co'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)
=	(6760.659	+	0.75 * 5517.932	+	0.5 * 736.976	-	10780.793
-	0	-	896.537)	/	3194.11
=	-0.13

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

Greentown Service Group Co'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
	=	702.672	/	8545.214	*	365 / 2
	=	15.01

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

Greentown Service Group Co'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 )
	=	8545.214	/	702.672
	=	12.16

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.

Greentown Service Group Co'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 )
	=	702.672	/	10058.65
	=	0.07

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.

Greentown Service Group Co Total Inventories Related Terms

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Greentown Service Group Co (HKSE:02869) Business Description

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GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Greentown Service Group Co Ltd (HKSE:02869) » Definitions » Total Inventories

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Address

No.767 West Wenyi Road, Block B, Xixi International Business Center, Zhejiang Province, Hangzhou, CHN

Website

https://www.lvchengfuwu.com

Greentown Service Group, or GSG, is the sister company of property developer Greentown China. GSG is one of the first China property management firms listed in Hong Kong since July 2016. Headquartered in Hangzhou, GSG is a leading service provider in the Yangtze River Delta focusing on high-end residential properties, with core property management contributing to more than 60% of GSG's revenue. Other key earnings contributors include community value added services and project consultancy services to developers. The founding shareholders, who also control Greentown China, collectively own over a 40% stake in GSG in 2022. China property developer Longfor Group holds around 9% equity interest in GSG.

Executives

Lily International Investment Company Limited
Orchid Garden Investment Company Limited
Osmanthus Garden Investment Company Limited
Shenalan International Investment Company Limited
Ju Jianhua
Li Hairong
Lilac International Investment Company Limited
Song Weiping
Xia Yibo
Shou Bainian
Yiheng Capital, Llc
Longfor Group Holdings Ltd

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