Old Chang Kee (SGX:5ML) Total Inventories : S$1.18 Mil (As of Sep. 2023)

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What is Old Chang Kee Total Inventories?

Old Chang Kee's total inventories for the quarter that ended in Sep. 2023 was S$1.18 Mil. Old Chang Kee's average total inventories from the quarter that ended in Mar. 2023 to the quarter that ended in Sep. 2023 was S$1.09 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Old Chang Kee's Net-Net Working Capital per share for the quarter that ended in Sep. 2023 was S$0.00.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Old Chang Kee's Days Inventory for the six months ended in Sep. 2023 was 11.83.

Inventory Turnover measures how fast the company turns over its inventory within a year. Old Chang Kee's Inventory Turnover for the quarter that ended in Sep. 2023 was 15.43.

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. Old Chang Kee's Inventory-to-Revenue for the quarter that ended in Sep. 2023 was 0.02.

Old Chang Kee Total Inventories Historical Data

The historical data trend for Old Chang Kee'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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Old Chang Kee Total Inventories Chart

Old Chang Kee Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Total Inventories

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1.10

1.29

1.05

1.18

1.00

Old Chang Kee Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Total Inventories	Get a 7-Day Free Trial															0.98	1.18	1.08	1.00	1.18

Old Chang Kee 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.

Old Chang Kee (SGX:5ML) 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.

Old Chang Kee'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)
=	(37.538	+	0.75 * 0.628	+	0.5 * 1.181	-	38.481
-	0	-	0)	/	121.375
=	0.00

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

Old Chang Kee's Days Inventory for the six 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
	=	1.092	/	16.849	*	365 / 2
	=	11.83

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

Old Chang Kee'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 )
	=	16.849	/	1.092
	=	15.43

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.

Old Chang Kee'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 )
	=	1.092	/	50.239
	=	0.02

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.

Old Chang Kee Total Inventories Related Terms

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Old Chang Kee (SGX:5ML) Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » Old Chang Kee Ltd (SGX:5ML) » Definitions » Total Inventories

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Address

2 Woodlands Terrace, Singapore, SGP, 738427

Website

https://www.oldchangkee.com

Old Chang Kee Ltd is engaged in the manufacturing and distribution of food products. The company's products include curry puffs, fishballs, chicken nuggets, and chicken wings. It also provides catering services in Singapore. The company's geographical segments include Singapore, Australia, and Malaysia, and derives a majority of its revenue from Singapore. The company is engaged in the manufacture and sale of food products under the Old Chang Kee brand name, Bun Times retail outlets offer Hainanese buns with a range of fillings, such as curry chicken and coconut, and the Curry Times, Take 5 and Mushroom to dine in retail outlets carry a range of local delights, such as laksa, mee siam, nasi lemak, and curry chicken.

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