Another look at Hing Yiap versus Padini
https://spreadsheets.google.com/pub?key=0AuRRzs61sKqRdHpGNURZU29NUnVlMnNUOGQ4LUduX1E&output=html
This is a good way to compare 2 companies.
Would you prefer buying a good company at fair price or a fair company at a good price?
Which company would you choose? For the short term? For the long term?
Keep INVESTING Simple and Safe (KISS) ****Investment Philosophy, Strategy and various Valuation Methods**** The same forces that bring risk into investing in the stock market also make possible the large gains many investors enjoy. It’s true that the fluctuations in the market make for losses as well as gains but if you have a proven strategy and stick with it over the long term you will be a winner!****Warren Buffett: Rule No. 1 - Never lose money. Rule No. 2 - Never forget Rule No. 1.
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2 comments:
Is Bonia ok?
I am concerned with the high inventory and debtor ratios of Hing Yiap. High inventory generally indicates more obsolete stock which would probably eat up future profit.
Inventory turnover
- Hing Yiap - 143 days
- Padini - 86 days
Debtor turnover
- Hing Yiap - 57 days
- Padini - 10 days
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