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GreenTree Hospitality Group (GreenTree Hospitality Group) Total Inventories : $2.9 Mil (As of Dec. 2023)


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What is GreenTree Hospitality Group Total Inventories?

GreenTree Hospitality Group's total inventories for the quarter that ended in Dec. 2023 was $2.9 Mil. GreenTree Hospitality Group's average total inventories from the quarter that ended in Sep. 2023 to the quarter that ended in Dec. 2023 was $3.3 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. GreenTree Hospitality Group's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-3.19.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. GreenTree Hospitality Group's Days Inventory for the three months ended in Dec. 2023 was 10.06.

Inventory Turnover measures how fast the company turns over its inventory within a year. GreenTree Hospitality Group's Inventory Turnover for the quarter that ended in Dec. 2023 was 9.07.

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. GreenTree Hospitality Group's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.06.


GreenTree Hospitality Group Total Inventories Historical Data

The historical data trend for GreenTree Hospitality Group'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.

GreenTree Hospitality Group Total Inventories Chart

GreenTree Hospitality Group Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Total Inventories
Get a 7-Day Free Trial Premium Member Only 0.36 0.58 0.36 3.14 2.87

GreenTree Hospitality Group Quarterly Data
Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Jun22 Sep22 Dec22 Jun23 Sep23 Dec23
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 - 3.14 3.22 3.67 2.87

GreenTree Hospitality Group 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.


GreenTree Hospitality Group  (NYSE:GHG) 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.

GreenTree Hospitality Group'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)
=(169.37+0.75 * 17.351+0.5 * 2.866-502.334
-0-5.296)/101.544
=-3.19

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

GreenTree Hospitality Group's Days Inventory for the three 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
=3.2685/29.634*365 / 4
=10.06

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

GreenTree Hospitality Group'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 )
=29.634 / 3.2685
=9.07

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.

GreenTree Hospitality Group'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 )
=3.2685 / 52.122
=0.06

* 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.


GreenTree Hospitality Group Total Inventories Related Terms

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GreenTree Hospitality Group (GreenTree Hospitality Group) Business Description

Traded in Other Exchanges
Address
1228 Zhongshan North Road, Putuo District, Shanghai, CHN, 200065
GreenTree Hospitality Group Ltd is a franchised hotel operator in China as franchised and managed hotels represent almost all the hotels in its hotel network. The hotel network of the company comprised approximately 4,059 hotels with nearly 302,497 rooms in China, covering all centrally administrated municipalities and cities throughout all provinces and autonomous regions in China. The company operates its hotels under GreenTree Inns, GreenTree Eastern, Gme, Gya and VX, GreenTree Alliance, Vatica, and others. The company operates solely in China and generates all its revenue from China itself.