Lygend Resources & Technology Co (HKSE:02245) Total Inventories : HK$2,394 Mil (As of Dec. 2023)

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What is Lygend Resources & Technology Co Total Inventories?

Lygend Resources & Technology Co's total inventories for the quarter that ended in Dec. 2023 was HK$2,394 Mil. Lygend Resources & Technology Co's average total inventories from the quarter that ended in Jun. 2023 to the quarter that ended in Dec. 2023 was HK$2,173 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Lygend Resources & Technology Co's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was HK$-10.57.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Lygend Resources & Technology Co's Days Inventory for the six months ended in Dec. 2023 was 36.40.

Inventory Turnover measures how fast the company turns over its inventory within a year. Lygend Resources & Technology Co's Inventory Turnover for the quarter that ended in Dec. 2023 was 5.01.

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. Lygend Resources & Technology Co's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.17.

Lygend Resources & Technology Co Total Inventories Historical Data

The historical data trend for Lygend Resources & Technology Co'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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Lygend Resources & Technology Co Total Inventories Chart

Lygend Resources & Technology Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Total Inventories

703.43

469.75

1,193.33

1,284.93

2,393.97

Lygend Resources & Technology Co Semi-Annual Data
	Dec19	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Total Inventories	Get a 7-Day Free Trial			1,193.33	1,439.90	1,284.93	1,952.27	2,393.97

Lygend Resources & Technology Co 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.

Lygend Resources & Technology Co (HKSE:02245) 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.

Lygend Resources & Technology Co'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)
=	(5049.79	+	0.75 * 1088.865	+	0.5 * 2393.967	-	18806.826
-	0	-	4703.035)	/	1555.93
=	-10.57

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

Lygend Resources & Technology Co'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
	=	2173.119	/	10894.747	*	365 / 2
	=	36.40

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

Lygend Resources & Technology Co'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 )
	=	10894.747	/	2173.119
	=	5.01

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.

Lygend Resources & Technology Co'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 )
	=	2173.119	/	12879.476
	=	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.

Lygend Resources & Technology Co Total Inventories Related Terms

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Lygend Resources & Technology Co (HKSE:02245) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Lygend Resources & Technology Co Ltd (HKSE:02245) » Definitions » Total Inventories

Comparable Companies

Traded in Other Exchanges

N/A

Address

Lane 299 Guanghua Road, 10th-11th Floor, Building C10, R&D Park, Yinzhou District, Zhejiang Province, Ningbo, CHN, 315000

Website

https://www.lygend.com

Lygend Resources & Technology Co Ltd is engaged in both the trading and the production of nickel products. The company has a comprehensive product and service portfolio covering multiple areas across the nickel industry value chain, from upstream sourcing of nickel resources, trading and production of nickel products, to equipment manufacturing and sale. Its products are widely used in various downstream sectors including the NEV and stainless steel industries. It derives a majority of its revenue from Mainland China.

Executives

Gong Yin Rui Xin Ji Jin Guan Li You Xian Gong Si	2102 Investment manager
Oakswood Group Ltd	2201 Interest of corporation controlled by you
Lim Shu Hua, Cheryl	2307 Founder of a discretionary trust who can infl
Feng Yi Pte. Ltd.	2101 Beneficial owner
Dbs Trustee Limited	2301 Trustee
China International Capital Corporation Limited	2201 Interest of corporation controlled by you
Ge Lin Mei Gu Fen You Xian Gong Si
Gong Yin Rui Xin Ji Jin Guan Li You Xian Gong Si Dai Gong Yin Rui Xin Tai Hong Hao Dan Yi Zi Chan Gu
Guang Dong Bang Pu Xun Huan Ke Ji You Xian Gong Si
Ning Bo Bang Pu Shi Dai Xin Neng Yuan You Xian Gong Si
Hu Bei Rong Bai Dian Chi San Jiao Yi Hao Gu Quan Tou Zi Ji Jin He Huo Qi Ye You Xian He Huo
Ge Lin Mei Xiang Gang Guo Ji Wu Liu You Xian Gong Si
Guang Fa Zi Guan Rong Bai Dian Chi Dan Yi Zi Chan Guan Li Ji Hua	2301 Trustee
Ning Bo Rong Bai Xin Neng Yuan Ke Ji Gu Fen You Xian Gong Si
Ning Bo Shi Yin Zhou Qu Jin Rong Kong Gu You Xian Gong Si

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