Solomon Systech (International) (HKSE:02878) Total Inventories : HK$218 Mil (As of Dec. 2023)

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What is Solomon Systech (International) Total Inventories?

Solomon Systech (International)'s total inventories for the quarter that ended in Dec. 2023 was HK$218 Mil. Solomon Systech (International)'s average total inventories from the quarter that ended in Jun. 2023 to the quarter that ended in Dec. 2023 was HK$250 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Solomon Systech (International)'s Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was HK$0.28.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Solomon Systech (International)'s Days Inventory for the six months ended in Dec. 2023 was 118.32.

Inventory Turnover measures how fast the company turns over its inventory within a year. Solomon Systech (International)'s Inventory Turnover for the quarter that ended in Dec. 2023 was 1.54.

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. Solomon Systech (International)'s Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.47.

Solomon Systech (International) Total Inventories Historical Data

The historical data trend for Solomon Systech (International)'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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Solomon Systech (International) Total Inventories Chart

Solomon Systech (International) Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Inventories

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209.09

127.35

318.71

375.42

218.05

Solomon Systech (International) Semi-Annual Data
	Jun14	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															318.71	368.99	375.42	282.41	218.05

Solomon Systech (International) 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.

Solomon Systech (International) (HKSE:02878) 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.

Solomon Systech (International)'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)
=	(647.128	+	0.75 * 248.484	+	0.5 * 218.05	-	238.16
-	0	-	-0.508)	/	2495.65
=	0.28

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

Solomon Systech (International)'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
	=	250.2305	/	385.96	*	365 / 2
	=	118.32

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

Solomon Systech (International)'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 )
	=	385.96	/	250.2305
	=	1.54

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.

Solomon Systech (International)'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 )
	=	250.2305	/	529.637
	=	0.47

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.

Solomon Systech (International) Total Inventories Related Terms

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Solomon Systech (International) (HKSE:02878) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Solomon Systech (International) Ltd (HKSE:02878) » Definitions » Total Inventories

Comparable Companies

Traded in Other Exchanges

RZF:Germany

Address

No. 3 Science Park East Avenue, 6th Floor, Unit 607–613, Wireless Centre, Hong Kong Science Park, Shatin, New Territories, Hong Kong, HKG

Website

https://www.solomon-systech.com

Solomon Systech (International) Ltd, along with its subsidiaries is a semiconductor company specializing in the design, development, and sales of integrated circuit products and system solutions for various applications like smartphones, smart televisions, and other smart devices including consumer electronics products, wearables, portable devices, and industrial appliances. Geographically, the company's business is spread across Taiwan, China, Europe, Japan, Korea, South East Asia, the United States of America, and other regions. Hong Kong generates maximum revenue for the company.

Executives

Huada Semiconductor Co., Ltd	2101 Beneficial owner
Zhong Guo Dian Zi Xin Xi Chan Ye Ji Tuan You Xian Gong Si	2201 Interest of corporation controlled by you
Zhong Guo Dian Zi You Xian Gong Si	2201 Interest of corporation controlled by you
Yeh Tsuei Chi	2101 Beneficial owner

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