China Natural Resources (China Natural Resources) Total Inventories : $0.13 Mil (As of Jun. 2023)

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What is China Natural Resources Total Inventories?

China Natural Resources's total inventories for the quarter that ended in Jun. 2023 was $0.13 Mil. China Natural Resources's average total inventories from the quarter that ended in Dec. 2022 to the quarter that ended in Jun. 2023 was $0.12 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. China Natural Resources's Net-Net Working Capital per share for the quarter that ended in Jun. 2023 was $-7.43.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. China Natural Resources's Days Inventory for the six months ended in Jun. 2023 was 28.19.

Inventory Turnover measures how fast the company turns over its inventory within a year. China Natural Resources's Inventory Turnover for the quarter that ended in Jun. 2023 was 6.47.

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. China Natural Resources's Inventory-to-Revenue for the quarter that ended in Jun. 2023 was 0.07.

China Natural Resources Total Inventories Historical Data

The historical data trend for China Natural Resources'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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China Natural Resources Total Inventories Chart

China Natural Resources Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Total Inventories

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0.09

0.13

0.16

0.11

China Natural Resources Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Total Inventories	Get a 7-Day Free Trial															-	0.16	0.18	0.11	0.13

China Natural Resources 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.

China Natural Resources (NAS:CHNR) 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.

China Natural Resources's Net-Net Working Capital Per Share for the quarter that ended in Jun. 2023 is

	Net-Net Working Capital Per Share (Q: Jun. 2023 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(4.637	+	0.75 * 7.858	+	0.5 * 0.127	-	56.029
-	0	-	15.494)	/	8.1979
=	-7.43

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

China Natural Resources's Days Inventory for the six months ended in Jun. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jun. 2023 )	/	Cost of Goods Sold (Q: Jun. 2023 )	*	Days in Period
	=	0.116	/	0.751	*	365 / 2
	=	28.19

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

China Natural Resources's Inventory Turnover for the quarter that ended in Jun. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Jun. 2023 )	/	Average Total Inventories (Q: Jun. 2023 )
	=	0.751	/	0.116
	=	6.47

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.

China Natural Resources's Inventory to Revenue for the quarter that ended in Jun. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jun. 2023 )	/	Revenue (Q: Jun. 2023 )
	=	0.116	/	1.706
	=	0.07

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.

China Natural Resources Total Inventories Related Terms

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China Natural Resources (China Natural Resources) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » China Natural Resources Inc (NAS:CHNR) » Definitions » Total Inventories

Comparable Companies

Traded in Other Exchanges

N/A

Address

168-200 Connaught Road Central, Room 2205, 22nd Floor, West Tower, Shun Tak Centre, Sheung Wan, Hong Kong, HKG

Website

https://www.chnr.net

China Natural Resources Inc is an investment holding company. It principally engaged in the exploration and mining and wastewater treatment businesses in the People's Republic of China. The company has two operating segments: (i) Wastewater treatment segment, which consists of sales of assembled equipment, provision of construction service, and participation in PPP projects as an operator (ii) Exploration and mining segment, which consists of the exploration of lead, silver, and other metals in the Inner Mongolia Autonomous Region of the PRC and the trading of copper ores products. It earns the majority of its revenue from the Wastewater treatment segment.

Executives

Anka Capital Ltd	10 percent owner	ROOM 2204 22F WEST TOWER SHUN TAK CENTRE, 200 CONNAUGHT ROAD CENTRAL, SHEUNG WAN K3 -
Cheuk Ho Tam	director, officer: CFO	ROOM 2204 22F WEST TOWER SHUN TAK CENTER, 200 CONNAUGHT ROAD CENTRAL, SHEUNG WAN K3 -
Wah On Wong	director, officer: Secretary/Controller	ROOM 2204 22F WEST TOWER SHUN TAK CENTER, 200 CONNAUGHT ROAD CENTRAL, SHEUNG WAN K3 -
Kwan Sing Lam	director
Sing Kin Ng	director	ROOM 2105 WEST TOWER, SHUN TAK CENTER, 200 CONNAUGHT ROAD C, HONG KONG K3 00000
Kin Cheung Lo	director
Winsland Capital Ltd	10 percent owner
Lung Po Ching	director, officer: CEO	ROOM 2015 WEST TOWER SHUN TAK CENTRE, 168 CONNAUGHT ROAD CENTRAL, CENTRAL HONG KONG