Jisheng Group Holdings (HKSE:08133) Total Inventories : HK$6.26 Mil (As of Jun. 2024)

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What is Jisheng Group Holdings Total Inventories?

Jisheng Group Holdings's total inventories for the quarter that ended in Jun. 2024 was HK$6.26 Mil. Jisheng Group Holdings's average total inventories from the quarter that ended in Dec. 2023 to the quarter that ended in Jun. 2024 was HK$9.11 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Jisheng Group Holdings'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.

Inventory Turnover measures how fast the company turns over its inventory within a year. Jisheng Group Holdings's Inventory Turnover for the quarter that ended in Jun. 2024 was 0.00.

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.

Jisheng Group Holdings Total Inventories Historical Data

The historical data trend for Jisheng Group Holdings'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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Jisheng Group Holdings Total Inventories Chart

Jisheng Group Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Inventories

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17.49

10.56

17.45

18.29

11.96

Jisheng Group Holdings Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Jun24
Total Inventories	Get a 7-Day Free Trial															-	7.88	-	11.96	6.26

Jisheng Group Holdings 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.

Jisheng Group Holdings (HKSE:08133) 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.

Jisheng Group Holdings'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)
=	(3.801	+	0.75 * 11.33	+	0.5 * 6.258	-	24.269
-	0	-	0)	/	38.184
=	-0.23

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

Jisheng Group Holdings's Days Inventory for the three 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
	=	9.11	/	0	*	365 / 4
	=

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

Jisheng Group Holdings'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 )
	=	0	/	9.11
	=	0.00

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.

Jisheng Group Holdings'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 )
	=	9.11	/	0
	=

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.

Jisheng Group Holdings Total Inventories Related Terms

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Jisheng Group Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Jisheng Group Holdings Ltd (HKSE:08133) » Definitions » Total Inventories

Comparable Companies

Traded in Other Exchanges

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Address

88 Connaught Road West, Room 1201, 12th Floor, Guangdong Finance Building, Hong Kong, HKG

Website

https://www.jishenggroup.com

Jisheng Group Holdings Ltd Formerly Solomon Worldwide Holdings Ltd is an investment holding company. The company's operating segment includes Metal casting and Financial printing. The metal casting products consist of pump components, valve components, filter components, and food machinery components, which are made of stainless steel, carbon steel, bronze, and/or grey iron. The financial printing segment provides typesetting, translation, cover and layout design, printing and binding, distribution, and media placement services in relation to the financial reports, announcements, shareholders circulars, and IPO prospectuses, for its customers. It generates maximum revenue from the metal casting segment. Geographically, it derives a majority of its revenue from Germany.

Executives

Woo Lan Ying	2101 Beneficial owner
Cheung Siu Wo	2101 Beneficial owner
Ling Pui Chi	2101 Beneficial owner
Li Kwok Fan	2101 Beneficial owner
Fang Jinhuo	2101 Beneficial owner
Chung Hon Man	2101 Beneficial owner

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