China Yuchai International (China Yuchai International) Total Inventories : $653 Mil (As of Dec. 2023)

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What is China Yuchai International Total Inventories?

China Yuchai International's total inventories for the quarter that ended in Dec. 2023 was $653 Mil. China Yuchai International's average total inventories from the quarter that ended in Jun. 2023 to the quarter that ended in Dec. 2023 was $671 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. China Yuchai International's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-24.20.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. China Yuchai International's Days Inventory for the six months ended in Dec. 2023 was 116.40.

Inventory Turnover measures how fast the company turns over its inventory within a year. China Yuchai International's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.57.

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 Yuchai International's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.54.

China Yuchai International Total Inventories Historical Data

The historical data trend for China Yuchai International'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 Yuchai International Total Inventories Chart

China Yuchai International Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Inventories

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405.19

686.33

820.31

710.65

653.45

China Yuchai International Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Total Inventories	Get a 7-Day Free Trial															820.31	603.25	710.65	688.56	653.45

China Yuchai International 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 Yuchai International (NYSE:CYD) 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 Yuchai International'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)
=	(841.919	+	0.75 * 209.299	+	0.5 * 653.449	-	1902.187
-	0	-	413.027)	/	40.898
=	-24.20

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

China Yuchai International's Days Inventory for the six 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
	=	671.0065	/	1052.033	*	365 / 2
	=	116.40

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

China Yuchai International'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 )
	=	1052.033	/	671.0065
	=	1.57

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 Yuchai International'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 )
	=	671.0065	/	1243.011
	=	0.54

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 Yuchai International Total Inventories Related Terms

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China Yuchai International (China Yuchai International) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » China Yuchai International Ltd (NYSE:CYD) » Definitions » Total Inventories

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Traded in Other Exchanges

CYD:Germany

Address

16 Raffles Quay No. 39-01A, No. 39-01A, Hong Leong Building, Singapore, SGP, 048581

Website

https://www.cyilimited.com

China Yuchai International Ltd is a Bermuda holding company that is a subsidiary of Singapore-based Hong Leong Asia. China Yuchai International primarily operates through its majority-owned subsidiary Guangxi Yuchai Machinery Company, a China-based company that manufactures, assembles, and distributes diesel engines for various vehicles including trucks, buses, and cars, as well as construction and agricultural, marine, and power-generation equipment. The company generates the majority of its sales from the Chinese market.