Buyang International Holding (HKSE:02457) Total Inventories : HK$111.0 Mil (As of Jun. 2024)

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What is Buyang International Holding Total Inventories?

Buyang International Holding's total inventories for the quarter that ended in Jun. 2024 was HK$111.0 Mil. Buyang International Holding's average total inventories from the quarter that ended in Dec. 2023 to the quarter that ended in Jun. 2024 was HK$105.7 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Buyang International Holding's Net-Net Working Capital per share for the quarter that ended in Jun. 2024 was HK$0.23.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Buyang International Holding's Days Inventory for the six months ended in Jun. 2024 was 110.35.

Inventory Turnover measures how fast the company turns over its inventory within a year. Buyang International Holding's Inventory Turnover for the quarter that ended in Jun. 2024 was 1.65.

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. Buyang International Holding's Inventory-to-Revenue for the quarter that ended in Jun. 2024 was 0.52.

Buyang International Holding Total Inventories Historical Data

The historical data trend for Buyang International Holding'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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Buyang International Holding Total Inventories Chart

Buyang International Holding Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Total Inventories

68.77

79.74

95.42

64.50

100.41

Buyang International Holding Semi-Annual Data
	Dec19	Dec20	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Total Inventories	Get a 7-Day Free Trial			-	64.50	72.41	100.41	111.03

Buyang International Holding 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.

Buyang International Holding (HKSE:02457) 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.

Buyang International Holding's Net-Net Working Capital Per Share for the quarter that ended in Jun. 2024 is

	Net-Net Working Capital Per Share (Q: Jun. 2024 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(207.893	+	0.75 * 92.04	+	0.5 * 111.028	-	102.914
-	0	-	0)	/	1000
=	0.23

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

Buyang International Holding's Days Inventory for the six months ended in Jun. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jun. 2024 )	/	Cost of Goods Sold (Q: Jun. 2024 )	*	Days in Period
	=	105.7165	/	174.834	*	365 / 2
	=	110.35

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

Buyang International Holding's Inventory Turnover for the quarter that ended in Jun. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Jun. 2024 )	/	Average Total Inventories (Q: Jun. 2024 )
	=	174.834	/	105.7165
	=	1.65

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.

Buyang International Holding's Inventory to Revenue for the quarter that ended in Jun. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jun. 2024 )	/	Revenue (Q: Jun. 2024 )
	=	105.7165	/	203.806
	=	0.52

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.

Buyang International Holding Total Inventories Related Terms

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Buyang International Holding Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 8 Buyang Road, Xicheng Street, Xicheng Jiedao, Zhejiang Province, Yongkang, CHN

Website

http://www.bywheel.com

Buyang International Holding Inc is an aluminum alloy automobile wheel manufacturer focusing on the aftermarket which is the market for parts and accessories used in the repair or maintenance of an automobile. It manufactures and sells different types of aluminum alloy automobile wheels to customers. Geographically it generates the majority of its revenue from Asia.

Executives

First Oriental Limited	2101 Beneficial owner
Topsun Investment Holding Company Limited	2201 Interest of corporation controlled by you
Arda (hk) Investment Co., Limited	2101 Beneficial owner
Xu Bu Yun	2201 Interest of corporation controlled by you
Chen Jiang Yue	2202 Interest of your spouse
Hu Zhong Huai	2201 Interest of corporation controlled by you

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