Canvest Environmental Protection Group Co (HKSE:01381) Total Inventories : HK$32 Mil (As of Dec. 2023)

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What is Canvest Environmental Protection Group Co Total Inventories?

Canvest Environmental Protection Group Co's total inventories for the quarter that ended in Dec. 2023 was HK$32 Mil. Canvest Environmental Protection Group Co's average total inventories from the quarter that ended in Jun. 2023 to the quarter that ended in Dec. 2023 was HK$33 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Canvest Environmental Protection Group Co's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was HK$-5.94.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Canvest Environmental Protection Group Co's Days Inventory for the six months ended in Dec. 2023 was 5.66.

Inventory Turnover measures how fast the company turns over its inventory within a year. Canvest Environmental Protection Group Co's Inventory Turnover for the quarter that ended in Dec. 2023 was 32.25.

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. Canvest Environmental Protection Group Co's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.02.

Canvest Environmental Protection Group Co Total Inventories Historical Data

The historical data trend for Canvest Environmental Protection Group 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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Canvest Environmental Protection Group Co Total Inventories Chart

Canvest Environmental Protection Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Inventories

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6.62

15.35

22.32

30.57

31.63

Canvest Environmental Protection Group Co 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															22.32	28.51	30.57	33.67	31.63

Canvest Environmental Protection Group 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.

Canvest Environmental Protection Group Co (HKSE:01381) 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.

Canvest Environmental Protection Group 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)
=	(1897.648	+	0.75 * 1828.593	+	0.5 * 31.625	-	17406.479
-	0	-	370.154)	/	2439.54
=	-5.94

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

Canvest Environmental Protection Group 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
	=	32.649	/	1052.843	*	365 / 2
	=	5.66

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

Canvest Environmental Protection Group 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 )
	=	1052.843	/	32.649
	=	32.25

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.

Canvest Environmental Protection Group 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 )
	=	32.649	/	1999.139
	=	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.

Canvest Environmental Protection Group Co Total Inventories Related Terms

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Canvest Environmental Protection Group Co (HKSE:01381) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Canvest Environmental Protection Group Co Ltd (HKSE:01381) » Definitions » Total Inventories

Comparable Companies

Traded in Other Exchanges

0XC:Germany

Address

2 San Yuan Road, Level 24, Canvest Tower, Nan Cheng District, Guangdong, Dongguan, CHN

Website

http://www.canvestenvironment.com

Canvest Environmental Protection Group Co Ltd develops and operates waste-to-energy plants. Incineration systems and technologies help treat waste and process components into energy. The company sells energy to clients, and continues to monitor applications and work toward reducing emissions of carbon dioxide. Revenues can be broken down into four business areas: Power sales, Waste treatment fees, Construction, and Finance income. It treats various types of waste, including sludge, ash from incineration systems, industrial sold waste, and wastewater. The majority of the company's revenue and assets are generated and located in China.

Executives

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Hsbc International Trustee Limited	2106 Person having a security interest in shares
Shanghai Industrial Holdings Limited	2101 Beneficial owner
Shanghai Industrial Investment (holdings) Company Limited	2201 Interest of corporation controlled by you
Lai Kin Man	2106 Person having a security interest in shares
Lai Chun Tung	2106 Person having a security interest in shares
Lee Wing Yee Loretta	2106 Person having a security interest in shares

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