3SBio, (FRA:YFK) Total Inventories : €36.0 Mil (As of Dec. 2016)

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What is 3SBio, Total Inventories?

3SBio,'s total inventories for the quarter that ended in Dec. 2016 was €36.0 Mil. 3SBio,'s average total inventories from the quarter that ended in Jun. 2016 to the quarter that ended in Dec. 2016 was €35.6 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. 3SBio,'s Net-Net Working Capital per share for the quarter that ended in Dec. 2016 was €-16.59.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. 3SBio,'s Days Inventory for the six months ended in Dec. 2016 was 205.45.

Inventory Turnover measures how fast the company turns over its inventory within a year. 3SBio,'s Inventory Turnover for the quarter that ended in Dec. 2016 was 0.89.

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. 3SBio,'s Inventory-to-Revenue for the quarter that ended in Dec. 2016 was 0.17.

3SBio, Total Inventories Historical Data

The historical data trend for 3SBio,'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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3SBio, Total Inventories Chart

3SBio, Annual Data

Trend

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec14

Dec15

Dec16

Total Inventories

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3.31

4.33

13.16

19.13

35.95

3SBio, Semi-Annual Data
	Jun06	Dec06	Jun07	Dec07	Jun08	Dec08	Jun09	Dec09	Jun10	Dec10	Jun11	Dec11	Jun12	Dec12	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16
Total Inventories	Get a 7-Day Free Trial															13.16	16.71	19.13	35.17	35.95

3SBio, 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.

3SBio, (FRA:YFK) 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.

3SBio,'s Net-Net Working Capital Per Share for the quarter that ended in Dec. 2016 is

	Net-Net Working Capital Per Share (Q: Dec. 2016 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(142.805	+	0.75 * 107.618	+	0.5 * 35.954	-	585.32
-	0	-	33.406)	/	22.735
=	-16.59

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

3SBio,'s Days Inventory for the six months ended in Dec. 2016 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2016 )	/	Cost of Goods Sold (Q: Dec. 2016 )	*	Days in Period
	=	35.561	/	31.589	*	365 / 2
	=	205.45

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

3SBio,'s Inventory Turnover for the quarter that ended in Dec. 2016 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Dec. 2016 )	/	Average Total Inventories (Q: Dec. 2016 )
	=	31.589	/	35.561
	=	0.89

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.

3SBio,'s Inventory to Revenue for the quarter that ended in Dec. 2016 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2016 )	/	Revenue (Q: Dec. 2016 )
	=	35.561	/	204.459
	=	0.17

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.

3SBio, Total Inventories Related Terms

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3SBio, (FRA:YFK) Business Description

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GURUFOCUS.COM » STOCK LIST » Healthcare » Biotechnology » 3SBio, Inc. (FRA:YFK) » Definitions » Total Inventories

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Address

Website

http://www.3sbio.com

3SBio Inc is engaged in the healthcare sector based in China. It is a pharmaceutical products company and its core activities pertain to developing, manufacturing and marketing biopharmaceuticals. Its portfolio of products comprises of TPIAO and Yisaipu. TPIAO is the only commercialized recombinant human thrombopoietin (rhTPO) product in the world and Yisaipu is a TNF inhibibator product and accounts for the major share in the pharmaceutical industry in China. Most of the company's activities are focused on China while having a minor footprint in a foreign land.

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