Topsports International Holdings (HKSE:06110) Total Inventories : HK$6,745 Mil (As of Aug. 2023)

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What is Topsports International Holdings Total Inventories?

Topsports International Holdings's total inventories for the quarter that ended in Aug. 2023 was HK$6,745 Mil. Topsports International Holdings's average total inventories from the quarter that ended in Feb. 2023 to the quarter that ended in Aug. 2023 was HK$6,957 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Topsports International Holdings's Net-Net Working Capital per share for the quarter that ended in Aug. 2023 was HK$-0.12.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Topsports International Holdings's Days Inventory for the six months ended in Aug. 2023 was 150.08.

Inventory Turnover measures how fast the company turns over its inventory within a year. Topsports International Holdings's Inventory Turnover for the quarter that ended in Aug. 2023 was 1.22.

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. Topsports International Holdings's Inventory-to-Revenue for the quarter that ended in Aug. 2023 was 0.45.

Topsports International Holdings Total Inventories Historical Data

The historical data trend for Topsports International 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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Topsports International Holdings Total Inventories Chart

Topsports International Holdings Annual Data

Trend

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Total Inventories

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7,151.08

7,389.29

7,454.31

8,220.41

7,169.23

Topsports International Holdings Semi-Annual Data
	Feb17	Feb18	Aug18	Feb19	Aug19	Feb20	Aug20	Feb21	Aug21	Feb22	Aug22	Feb23	Aug23
Total Inventories	Get a 7-Day Free Trial								9,229.81	8,220.41	7,388.34	7,169.23	6,745.20

Topsports International 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.

Topsports International Holdings (HKSE:06110) 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.

Topsports International Holdings's Net-Net Working Capital Per Share for the quarter that ended in Aug. 2023 is

	Net-Net Working Capital Per Share (Q: Aug. 2023 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(2566.874	+	0.75 * 1138.974	+	0.5 * 6745.198	-	7543.959
-	0	-	0)	/	6201.22
=	-0.12

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

Topsports International Holdings's Days Inventory for the six months ended in Aug. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Aug. 2023 )	/	Cost of Goods Sold (Q: Aug. 2023 )	*	Days in Period
	=	6957.2135	/	8460.191	*	365 / 2
	=	150.08

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

Topsports International Holdings's Inventory Turnover for the quarter that ended in Aug. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Aug. 2023 )	/	Average Total Inventories (Q: Aug. 2023 )
	=	8460.191	/	6957.2135
	=	1.22

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.

Topsports International Holdings's Inventory to Revenue for the quarter that ended in Aug. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Aug. 2023 )	/	Revenue (Q: Aug. 2023 )
	=	6957.2135	/	15306.341
	=	0.45

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.

Topsports International Holdings Total Inventories Related Terms

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Topsports International Holdings (HKSE:06110) Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Topsports International Holdings Ltd (HKSE:06110) » Definitions » Total Inventories

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TPSRF:USA 6110:Mexico

Address

No. 928 Liuzhou Road, 22nd Floor, Belle International Building, Xuhui District, Shanghai, CHN

Website

https://www.topsports.com.cn

Topsports is the largest sportswear retailer in China, generating the majority of its revenue from selling products of international sportswear brands. The business operates as an intermediary between brand owners and consumers seeking to buy sportswear. The firm operates more than 6,500 stores directly as of the end of fiscal 2023, and most of these "single-brand" stores have been opened under the names of sportswear brands that it partners with, such as Nike and Adidas. In addition to these two sportswear giants, Topsports also has partnerships with sportswear brands such as Puma, Li Ning, Asics, and The North Face. While most of Topsports' sales take place in stores, the firm also operates online shops under the Topsports brand on major e-commerce platforms such as Alibaba and JD.com.

Topsports International Holdings (HKSE:06110) Headlines

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