Flat Glass Group Co (HKSE:06865) Total Inventories : HK$1,659 Mil (As of Mar. 2024)

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What is Flat Glass Group Co Total Inventories?

Flat Glass Group Co's total inventories for the quarter that ended in Mar. 2024 was HK$1,659 Mil. Flat Glass Group Co's average total inventories from the quarter that ended in Dec. 2023 to the quarter that ended in Mar. 2024 was HK$1,924 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Flat Glass Group Co's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was HK$-4.87.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Flat Glass Group Co's Days Inventory for the three months ended in Mar. 2024 was 35.95.

Inventory Turnover measures how fast the company turns over its inventory within a year. Flat Glass Group Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 2.54.

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. Flat Glass Group Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.31.

Flat Glass Group Co Total Inventories Historical Data

The historical data trend for Flat Glass Group 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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Flat Glass Group Co Total Inventories Chart

Flat Glass Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Inventories

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538.15

568.29

2,787.46

2,676.00

2,189.13

Flat Glass Group Co Quarterly Data
	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Total Inventories	Get a 7-Day Free Trial															-	2,904.69	-	2,189.13	1,659.37

Flat Glass Group 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.

Flat Glass Group Co (HKSE:06865) 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.

Flat Glass Group Co's Net-Net Working Capital Per Share for the quarter that ended in Mar. 2024 is

	Net-Net Working Capital Per Share (Q: Mar. 2024 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(6655.423	+	0.75 * 4508.417	+	0.5 * 1659.371	-	22196.881
-	0	-	81.027)	/	2343.4
=	-4.87

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

Flat Glass Group Co's Days Inventory for the three months ended in Mar. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2024 )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
	=	1924.2515	/	4884.649	*	365 / 4
	=	35.95

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

Flat Glass Group Co's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Mar. 2024 )	/	Average Total Inventories (Q: Mar. 2024 )
	=	4884.649	/	1924.2515
	=	2.54

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.

Flat Glass Group Co's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	1924.2515	/	6219.98
	=	0.31

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.

Flat Glass Group Co Total Inventories Related Terms

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Flat Glass Group Co (HKSE:06865) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Flat Glass Group Co Ltd (HKSE:06865) » Definitions » Total Inventories

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FGSGF:USA 72T:Germany 601865:China

Address

1999 Yunhe Road, Xiuzhou District, Zhejiang Province, Jiaxing, CHN

Website

https://www.flatgroup.com.cn

Flat Glass Group Co Ltd manufactures and sells glass and glass products. The Company operates in six segments: Photovoltaic (PV) Glass, Household Glass, Architectural Glass, Float glass, Mining products, and Other businesses. The majority of revenue is derived from the PV glass segment. Its geographical segments are China, Asia (excluding the PRC and Japan), Europe, North America, and Others.

Executives

Fmr Llc	2201 Interest of corporation controlled by you
Jpmorgan Chase & Co.	2201 Interest of corporation controlled by you
Blackrock, Inc.	2201 Interest of corporation controlled by you
Citigroup Inc.	2502 Approved lending agent
Fidelity Investment Trust	2101 Beneficial owner
Ubs Group Ag	2201 Interest of corporation controlled by you
Schroders Plc	2102 Investment manager
Bank Of America Corporation	2201 Interest of corporation controlled by you
Zhu Que Ji Jin Guan Li You Xian Gong Si	2401 A concert party to an agreement to buy shares
Schroders Plc	2102 Investment manager
The Bank Of New York Mellon Corporation	2201 Interest of corporation controlled by you
The Capital Group Companies, Inc.	2201 Interest of corporation controlled by you
Public Investment Fund	2101 Beneficial owner
China International Capital Corporation Limited	2201 Interest of corporation controlled by you
Pacific Asset Management Co., Ltd.	2102 Investment manager

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