Jinmao Property Services Co (HKSE:00816) Total Inventories : HK$5 Mil (As of Dec. 2023)

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What is Jinmao Property Services Co Total Inventories?

Jinmao Property Services Co's total inventories for the quarter that ended in Dec. 2023 was HK$5 Mil. Jinmao Property Services Co's average total inventories from the quarter that ended in Jun. 2023 to the quarter that ended in Dec. 2023 was HK$5 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Jinmao Property Services Co's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was HK$-0.17.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Jinmao Property Services Co's Days Inventory for the six months ended in Dec. 2023 was 0.86.

Inventory Turnover measures how fast the company turns over its inventory within a year. Jinmao Property Services Co's Inventory Turnover for the quarter that ended in Dec. 2023 was 211.71.

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. Jinmao Property Services Co's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.00.

Jinmao Property Services Co Total Inventories Historical Data

The historical data trend for Jinmao Property Services 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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Jinmao Property Services Co Total Inventories Chart

Jinmao Property Services Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Inventories

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6.11

6.16

5.54

4.90

4.65

Jinmao Property Services Co Semi-Annual Data
	Dec18	Dec19	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Total Inventories	Get a 7-Day Free Trial				5.54	5.30	4.90	5.29	4.65

Jinmao Property Services 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.

Jinmao Property Services Co (HKSE:00816) 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.

Jinmao Property Services 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)
=	(1369.453	+	0.75 * 984.734	+	0.5 * 4.654	-	2237.623
-	0	-	28.682)	/	904.189
=	-0.17

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

Jinmao Property Services 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
	=	4.9695	/	1052.087	*	365 / 2
	=	0.86

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

Jinmao Property Services 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 )
	=	1052.087	/	4.9695
	=	211.71

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.

Jinmao Property Services 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 )
	=	4.9695	/	1477.772
	=	0.00

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.

Jinmao Property Services Co Total Inventories Related Terms

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Jinmao Property Services Co (HKSE:00816) Business Description

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GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Jinmao Property Services Co Ltd (HKSE:00816) » Definitions » Total Inventories

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Traded in Other Exchanges

TZ0:Germany

Address

Unit 2, Xitieying Middle Avenue, 6th Floor, YouAn International Tower, Fengtai, Beijing, CHN

Website

https://www.jinmaowy.com

Jinmao Property Services Co Ltd is a fast-growing high-end property management company in China, and a city operation service provider, managing a diversified property portfolio covering both residential properties and non-residential services.

Executives

Sinochem Corporation	2201 Interest of corporation controlled by you
Sinochem Group Co., Ltd	2201 Interest of corporation controlled by you
Sinochem Holdings Corporation Ltd.	2201 Interest of corporation controlled by you
Sinochem Hong Kong (group) Company Limited	2501 Other
China Jinmao Holdings Group Limited	2101 Beneficial owner

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