360 Ludashi Holdings (HKSE:03601) Total Inventories : HK$0.1 Mil (As of Dec. 2023)

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What is 360 Ludashi Holdings Total Inventories?

360 Ludashi Holdings's total inventories for the quarter that ended in Dec. 2023 was HK$0.1 Mil. 360 Ludashi Holdings's average total inventories from the quarter that ended in Jun. 2023 to the quarter that ended in Dec. 2023 was HK$0.2 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. 360 Ludashi Holdings's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was HK$2.12.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. 360 Ludashi Holdings's Days Inventory for the six months ended in Dec. 2023 was 0.07.

Inventory Turnover measures how fast the company turns over its inventory within a year. 360 Ludashi Holdings's Inventory Turnover for the quarter that ended in Dec. 2023 was 2,504.44.

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. 360 Ludashi Holdings's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.00.

360 Ludashi Holdings Total Inventories Historical Data

The historical data trend for 360 Ludashi 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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360 Ludashi Holdings Total Inventories Chart

360 Ludashi Holdings Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Inventories

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4.76

0.21

0.59

0.19

0.15

360 Ludashi Holdings Semi-Annual Data
	Dec16	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Total Inventories	Get a 7-Day Free Trial								0.59	0.55	0.19	0.23	0.15

360 Ludashi 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.

360 Ludashi Holdings (HKSE:03601) 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.

360 Ludashi 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)
=	(638.605	+	0.75 * 85.537	+	0.5 * 0.145	-	131.258
-	0	-	2.485)	/	269
=	2.12

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

360 Ludashi 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
	=	0.185	/	463.321	*	365 / 2
	=	0.07

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

360 Ludashi 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 )
	=	463.321	/	0.185
	=	2,504.44

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.

360 Ludashi 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 )
	=	0.185	/	545.481
	=	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.

360 Ludashi Holdings Total Inventories Related Terms

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360 Ludashi Holdings (HKSE:03601) Business Description

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Address

1268 Tianfu Avenue, 11th Floor, 11-24 Tianfu Software Site E1, High-tech Zone, Sichuan Province, Chengdu, CHN, 610041

Website

https://www.ludashi.com

360 Ludashi Holdings Ltd is a hardware and system benchmarking and monitoring solutions provider for PC and mobile devices in China. It is principally engaged in the online traffic monetization, electronic devices sales, provision of online advertising services, online game business, sales of smart accessories, certified pre-owned and factory smartphones and certified pre-owned and factory other electronic devices in the PRC. It derives a majority of revenue from online advertising services.

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