IT Tech Packaging (IT Tech Packaging) Total Inventories

: $3.56 Mil (As of Dec. 2023)

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IT Tech Packaging's total inventories for the quarter that ended in Dec. 2023 was $3.56 Mil. IT Tech Packaging's average total inventories from the quarter that ended in Sep. 2023 to the quarter that ended in Dec. 2023 was $4.46 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. IT Tech Packaging's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-2.01.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. IT Tech Packaging's Days Inventory for the three months ended in Dec. 2023 was 19.65.

Inventory Turnover measures how fast the company turns over its inventory within a year. IT Tech Packaging's Inventory Turnover for the quarter that ended in Dec. 2023 was 4.64.

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. IT Tech Packaging's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.21.

IT Tech Packaging Total Inventories Historical Data

The historical data trend for IT Tech Packaging'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.

* Premium members only.

IT Tech Packaging Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Inventories

1.61

1.23

5.85

2.87

3.56

IT Tech Packaging Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Total Inventories																2.87	5.97	6.57	5.37	3.56

IT Tech Packaging 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.

IT Tech Packaging (AMEX:ITP) 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.

IT Tech Packaging's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2023 is

	Net-Net Working Capital Per Share (Q: Dec. 2023 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(3.919	+	0.75 * 0.576	+	0.5 * 3.555	-	26.407
-	0	-	0)	/	10.0659
=	-2.01

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

IT Tech Packaging's Days Inventory for the three months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	4.46	/	20.715	*	365 / 4
	=	19.65

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

IT Tech Packaging's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Dec. 2023 )	/	Average Total Inventories (Q: Dec. 2023 )
	=	20.715	/	4.46
	=	4.64

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.

IT Tech Packaging's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	4.46	/	20.965
	=	0.21

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.

IT Tech Packaging Total Inventories Related Terms

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IT Tech Packaging (IT Tech Packaging) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » IT Tech Packaging Inc (AMEX:ITP) » Definitions » Total Inventories

Comparable Companies

Traded in Other Exchanges

N/A

Address

Science Park, Juli Road, Xushui District, Hebei Province, Baoding City, CHN, 072550

Website

https://www.itpackaging.cn

IT Tech Packaging Inc is a holding company engaged in the business of paper manufacturing in China. The company operates as a producer and distributor of paper products. It involves in production and distribution of three categories of paper products: packing paper (corrugating medium paper), offset printing paper, and tissue paper products. It also produces digital photo paper. Its business is structured into two segments Dongfang Paper and Tengsheng Paper which produces offset printing paper and corrugating medium paper, tissue paper and Baoding Shengde which produces face masks and digital photo paper.

Executives

Zhenyong Liu	director, 10 percent owner, officer: Chief Executive Officer	C/O ORIENT PAPER, INC., SCIENCE PARK, JULI ROAD, XIUSHUI COUNTY, BAODING CITY,HEBEI PROVINCE F4 072550
Jing Hao	officer: Chief Financial Officer	SCIENCE PARK, XUSHUI TOWN, BOADING CITY, HEBEI PROVINCE F4 072550
Hon Wai Ku	director	SUITE 815, 8TH FLOOR, OCEAN CENTRE, HARBOUR CITY, 5 CANTON ROAD, KOWLOON,, HONG KONG F4 0000
Wenbing Wang	director	21ST FLOOR, BUILDING B, JIA MING CENTER, NO. 27 DONG SAN HUAN NORTH ROAD, CHAOYANG DISTRICT, BEIJING F4 100020
Winston C Yen	officer: Chief Financial Officer	345 S. FIGUEROA STREET, #100, LOS ANGELES CA 90071
Drew Bernstein	director	C/O BERSTEIN & PINCHUK LLP, SEVEN PENN PLAZA SUITE 830, NEW YORK NY 10001
Zhaofang Wang	director	ROOM 401, UNIT 4, 20TH FLOOR FANGYUANLI, CHAOYANG DISTRICT, BEIJING F4 100061
Fuzeng Liu	director	SCIENCE PARK, XUSHUI TOWN, BOADING CITY, HEBEI F4 072550
Xiaodong Liu	director	SCIENCE PARK, XUSHUI TOWN, BOADING CITY, HEBEI F4 072550
Chen Li	director	SCIENCE PARK, XUSHUI TOWN, BOADING CITY, HEBEI F4 072550
Dahong Zhou	officer: Secretary	SCIENCE PARK, XUSHUI TOWN, BOADING CITY, HEBEI F4 072550
Max Time Enterprise Ltd	10 percent owner	PO BOX 031-088, SHENNAN ZHONG ROAD, SHENZHEN CITY F4 518031
Hui Ping Cheng	director, 10 percent owner, officer: President	C/O MY QUOTE ZONE, 6130 ELTON AVENUE, LAS VEGAS NV 89107