Megain Holding (Cayman) Co (HKSE:06939) Total Inventories : HK$44.2 Mil (As of Dec. 2023)

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What is Megain Holding (Cayman) Co Total Inventories?

Megain Holding (Cayman) Co's total inventories for the quarter that ended in Dec. 2023 was HK$44.2 Mil. Megain Holding (Cayman) Co's average total inventories from the quarter that ended in Jun. 2023 to the quarter that ended in Dec. 2023 was HK$37.0 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Megain Holding (Cayman) Co's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was HK$0.61.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Megain Holding (Cayman) Co's Days Inventory for the six months ended in Dec. 2023 was 114.27.

Inventory Turnover measures how fast the company turns over its inventory within a year. Megain Holding (Cayman) Co's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.60.

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. Megain Holding (Cayman) Co's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.40.

Megain Holding (Cayman) Co Total Inventories Historical Data

The historical data trend for Megain Holding (Cayman) 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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Megain Holding (Cayman) Co Total Inventories Chart

Megain Holding (Cayman) Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Inventories

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29.55

13.73

21.55

23.00

44.25

Megain Holding (Cayman) Co Semi-Annual Data
	Dec17	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Total Inventories	Get a 7-Day Free Trial						21.55	25.07	23.00	29.68	44.25

Megain Holding (Cayman) 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.

Megain Holding (Cayman) Co (HKSE:06939) 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.

Megain Holding (Cayman) 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)
=	(266.692	+	0.75 * 63.913	+	0.5 * 44.248	-	21.865
-	0	-	0)	/	518.75
=	0.61

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

Megain Holding (Cayman) 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
	=	36.965	/	59.035	*	365 / 2
	=	114.27

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

Megain Holding (Cayman) 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 )
	=	59.035	/	36.965
	=	1.60

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.

Megain Holding (Cayman) 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 )
	=	36.965	/	93.339
	=	0.40

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.

Megain Holding (Cayman) Co Total Inventories Related Terms

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Megain Holding (Cayman) Co (HKSE:06939) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Megain Holding (Cayman) Co Ltd (HKSE:06939) » Definitions » Total Inventories

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Traded in Other Exchanges

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Address

No. 115 Huawei Road, Block A, Floor 3, Guangdong Province, Zhuhai, CHN, 519000

Website

https://www.megaincayman.com

Megain Holding (Cayman) Co Ltd is an investment holding company engaged in the provision of research, design, development, and sales of compatible cartridge chips based in China. The company's products are the core components of compatible cartridges, which are printer consumables designed and manufactured by third-party cartridge manufacturers and include ink cartridges for use in inkjet printers and toner cartridges for use in laser printers. Its product application includes Desktop laser printers, Desktop inkjet printers, and Commercial printers. The company derives a majority of its revenue from the People's Republic of China.

Executives

Cheng Hsien-wei	2201 Interest of corporation controlled by you
Global Megain Technology Pte. Ltd.	2101 Beneficial owner
Arista Global Ltd.	2103 Interests held jointly with another person
Lee Kuo-chang	2103 Interests held jointly with another person
Good Loyal Corporation	2101 Beneficial owner
Yu Yiding	2201 Interest of corporation controlled by you
Lam Tsz Leung	2101 Beneficial owner

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