Huili Resources (Group) (HKSE:01303) Total Inventories : HK$500 Mil (As of Dec. 2023)

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What is Huili Resources (Group) Total Inventories?

Huili Resources (Group)'s total inventories for the quarter that ended in Dec. 2023 was HK$500 Mil. Huili Resources (Group)'s average total inventories from the quarter that ended in Jun. 2023 to the quarter that ended in Dec. 2023 was HK$388 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Huili Resources (Group)'s Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was HK$0.04.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Huili Resources (Group)'s Days Inventory for the six months ended in Dec. 2023 was 46.24.

Inventory Turnover measures how fast the company turns over its inventory within a year. Huili Resources (Group)'s Inventory Turnover for the quarter that ended in Dec. 2023 was 3.95.

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. Huili Resources (Group)'s Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.23.

Huili Resources (Group) Total Inventories Historical Data

The historical data trend for Huili Resources (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.

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Huili Resources (Group) Total Inventories Chart

Huili Resources (Group) Annual Data

Trend

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Dec23

Total Inventories

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5.73

500.24

Huili Resources (Group) Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Total Inventories	Get a 7-Day Free Trial															-	3.83	5.73	275.85	500.24

Huili Resources (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.

Huili Resources (Group) (HKSE:01303) 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.

Huili Resources (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)
=	(528.804	+	0.75 * 205.962	+	0.5 * 500.24	-	859.397
-	0	-	4.411)	/	1787.39
=	0.04

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

Huili Resources (Group)'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
	=	388.0435	/	1531.417	*	365 / 2
	=	46.24

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

Huili Resources (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 )
	=	1531.417	/	388.0435
	=	3.95

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.

Huili Resources (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 )
	=	388.0435	/	1658.575
	=	0.23

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.

Huili Resources (Group) Total Inventories Related Terms

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Huili Resources (Group) (HKSE:01303) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Other Energy Sources » Huili Resources (Group) Ltd (HKSE:01303) » Definitions » Total Inventories

Traded in Other Exchanges

N/A

Address

Unit no.4, 23rd Floor, Overseas Trust Bank Building, No. 160 Gloucester Road, Hong Kong, HKG

Website

http://www.huili.hk

Huili Resources (Group) Ltd is an investment holding company, engaged in the mining, ore processing and sales of gold, nickel, copper, lead and zinc products, trading of materials for oil and gas exploration and coals, and financial services in the People's Republic of China. It operates through three business segments namely Mining, Financial service, and Coal business. The company derives the majority of its revenue from the Coal business segment which involve trading in coal.

Executives

Sky Circle International Limited	2101 Beneficial owner
Prosper Union Holdings Limited	2101 Beneficial owner
Bong Chin Chung	2101 Beneficial owner
Feng Yuantao	2101 Beneficial owner
Lai Long Wai	2201 Interest of corporation controlled by you
China Clean Energy Technology Limited	2101 Beneficial owner
Ye Xin	2201 Interest of corporation controlled by you
Cui Yazhou	2201 Interest of corporation controlled by you
China Asset Management (hong Kong) Limited	2102 Investment manager
Zhong Guo Hua Rong Zi Chan Guan Li Gu Fen You Xian Gong Si
Hua Rong Hua Qiao Zi Chan Guan Li Gu Fen You Xian Gong Si
Pine Success International Holdings Limited	2101 Beneficial owner
Cao Jianwei	2201 Interest of corporation controlled by you
Gao Miao Miao	2201 Interest of corporation controlled by you
Legend Vantage Limited	2101 Beneficial owner

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