Kingold Jewelry (Kingold Jewelry) Total Inventories : $268 Mil (As of Sep. 2019)

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What is Kingold Jewelry Total Inventories?

Kingold Jewelry's total inventories for the quarter that ended in Sep. 2019 was $268 Mil. Kingold Jewelry's average total inventories from the quarter that ended in Jun. 2019 to the quarter that ended in Sep. 2019 was $265 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Kingold Jewelry's Net-Net Working Capital per share for the quarter that ended in Sep. 2019 was $26.04.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Kingold Jewelry's Days Inventory for the three months ended in Sep. 2019 was 65.90.

Inventory Turnover measures how fast the company turns over its inventory within a year. Kingold Jewelry's Inventory Turnover for the quarter that ended in Sep. 2019 was 1.38.

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. Kingold Jewelry's Inventory-to-Revenue for the quarter that ended in Sep. 2019 was 0.69.

Kingold Jewelry Total Inventories Historical Data

The historical data trend for Kingold Jewelry'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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Kingold Jewelry Total Inventories Chart

Kingold Jewelry Annual Data

Trend

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

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Dec18

Total Inventories

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212.40

298.30

119.44

135.04

127.04

Kingold Jewelry Quarterly Data
	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19
Total Inventories	Get a 7-Day Free Trial															147.26	127.04	163.85	262.76	268.21

Kingold Jewelry 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.

Kingold Jewelry (GREY:KGJI) 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.

Kingold Jewelry's Net-Net Working Capital Per Share for the quarter that ended in Sep. 2019 is

	Net-Net Working Capital Per Share (Q: Sep. 2019 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(2519.049	+	0.75 * 0.654	+	0.5 * 268.214	-	2366.698
-	0	-	0)	/	11.019
=	26.04

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

Kingold Jewelry's Days Inventory for the three months ended in Sep. 2019 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2019 )	/	Cost of Goods Sold (Q: Sep. 2019 )	*	Days in Period
	=	265.489	/	367.618	*	365 / 4
	=	65.90

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

Kingold Jewelry's Inventory Turnover for the quarter that ended in Sep. 2019 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Sep. 2019 )	/	Average Total Inventories (Q: Sep. 2019 )
	=	367.618	/	265.489
	=	1.38

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.

Kingold Jewelry's Inventory to Revenue for the quarter that ended in Sep. 2019 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2019 )	/	Revenue (Q: Sep. 2019 )
	=	265.489	/	382.79
	=	0.69

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.

Kingold Jewelry Total Inventories Related Terms

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Kingold Jewelry (Kingold Jewelry) Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Kingold Jewelry Inc (GREY:KGJI) » Definitions » Total Inventories

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Address

No. 8 Han Huang Road, Jiang'an District, Hubei Province, 15 Huangpu Science & Technology Park, Wuhan, CHN, 430023

Website

http://www.kingoldjewelry.com

Kingold Jewelry Inc designs and manufactures 24-karat gold jewelry and Chinese ornaments. The company along with its subsidiaries develops markets and sells products including gold necklaces, rings, earrings, bracelets, and pendants to the jewelry market in China. The company also sells gold bars and coins and other products through various banks in China. It derives most of its revenues from the sales of 24-karat jewelry and Chinese ornaments and from design and processing fees.

Executives