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China Brilliant Global (HKSE:08026) Total Inventories : HK$9.90 Mil (As of Sep. 2023)


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What is China Brilliant Global Total Inventories?

China Brilliant Global's total inventories for the quarter that ended in Sep. 2023 was HK$9.90 Mil. China Brilliant Global's average total inventories from the quarter that ended in Jun. 2023 to the quarter that ended in Sep. 2023 was HK$4.95 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. China Brilliant Global's Net-Net Working Capital per share for the quarter that ended in Sep. 2023 was HK$-0.13.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. China Brilliant Global's Days Inventory for the three months ended in Sep. 2023 was 30.50.

Inventory Turnover measures how fast the company turns over its inventory within a year. China Brilliant Global's Inventory Turnover for the quarter that ended in Sep. 2023 was 2.99.

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. China Brilliant Global's Inventory-to-Revenue for the quarter that ended in Sep. 2023 was 0.32.


China Brilliant Global Total Inventories Historical Data

The historical data trend for China Brilliant Global'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.

* Premium members only.

China Brilliant Global Total Inventories Chart

China Brilliant Global Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Total Inventories
Get a 7-Day Free Trial Premium Member Only Premium Member Only 10.90 8.85 3.93 0.63 16.82

China Brilliant Global Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
Total Inventories Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 14.24 - 16.82 - 9.90

China Brilliant Global 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.


China Brilliant Global  (HKSE:08026) 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.

China Brilliant Global's Net-Net Working Capital Per Share for the quarter that ended in Sep. 2023 is

Net-Net Working Capital Per Share (Q: Sep. 2023 )
=(Cash And Cash Equivalents+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(8.541+0.75 * 0.093+0.5 * 9.902-177.993
-0-23.777)/1457.24
=-0.13

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

China Brilliant Global's Days Inventory for the three months ended in Sep. 2023 is calculated as:

Days Inventory=Average Total Inventories (Q: Sep. 2023 )/Cost of Goods Sold (Q: Sep. 2023 )*Days in Period
=4.951/14.811*365 / 4
=30.50

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

China Brilliant Global's Inventory Turnover for the quarter that ended in Sep. 2023 is calculated as

Inventory Turnover=Cost of Goods Sold (Q: Sep. 2023 ) / Average Total Inventories (Q: Sep. 2023 )
=14.811 / 4.951
=2.99

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.

China Brilliant Global's Inventory to Revenue for the quarter that ended in Sep. 2023 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Sep. 2023 ) / Revenue (Q: Sep. 2023 )
=4.951 / 15.55
=0.32

* 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.


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.


China Brilliant Global Total Inventories Related Terms

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China Brilliant Global (HKSE:08026) Business Description

Traded in Other Exchanges
N/A
Address
9 Des Voeux Road West, Flat B, 9th Floor, Sheung Wan, Hong Kong, HKG
China Brilliant Global Ltd engages in wholesale and retailing of jewellery, money lending and distribution and retailing of Chinese herbal medicine and drugs. The company operates its business through three segments are Trading and retailing of gold and jewellery segment; Lending business, and the Fintech business segment. The Trading and retailing of gold and jewellery contribute maximum in the revenue of the company. The group's operations are mainly located in the PRC and Hong Kong, of which prime revenue is generated from the PRC.
Executives
Zhang Chunhua 2101 Beneficial owner
Brilliant Chapter Limited 2101 Beneficial owner
Zhang Chunping 2101 Beneficial owner

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