Shanxi Changcheng Microlight Equipment Co (HKSE:08286) Total Inventories : HK$14.75 Mil (As of Dec. 2023)

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What is Shanxi Changcheng Microlight Equipment Co Total Inventories?

Shanxi Changcheng Microlight Equipment Co's total inventories for the quarter that ended in Dec. 2023 was HK$14.75 Mil. Shanxi Changcheng Microlight Equipment Co's average total inventories from the quarter that ended in Sep. 2023 to the quarter that ended in Dec. 2023 was HK$7.38 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Shanxi Changcheng Microlight Equipment Co's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was HK$-0.92.

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

Inventory Turnover measures how fast the company turns over its inventory within a year. Shanxi Changcheng Microlight Equipment Co's Inventory Turnover for the quarter that ended in Dec. 2023 was -0.55.

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.

Shanxi Changcheng Microlight Equipment Co Total Inventories Historical Data

The historical data trend for Shanxi Changcheng Microlight Equipment 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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Shanxi Changcheng Microlight Equipment Co Total Inventories Chart

Shanxi Changcheng Microlight Equipment Co Annual Data

Trend

Dec14

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Dec20

Dec21

Dec22

Dec23

Total Inventories

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12.22

15.05

12.80

11.33

14.75

Shanxi Changcheng Microlight Equipment Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Total Inventories	Get a 7-Day Free Trial															11.33	-	7.29	-	14.75

Shanxi Changcheng Microlight Equipment 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.

Shanxi Changcheng Microlight Equipment Co (HKSE:08286) 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.

Shanxi Changcheng Microlight Equipment 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)
=	(0.303	+	0.75 * 18.623	+	0.5 * 14.753	-	306.226
-	0	-	-0.121)	/	308.86
=	-0.92

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

Shanxi Changcheng Microlight Equipment Co'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
	=	7.3765	/	-4.042	*	365 / 4
	=

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

Shanxi Changcheng Microlight Equipment 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 )
	=	-4.042	/	7.3765
	=	-0.55

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.

Shanxi Changcheng Microlight Equipment 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 )
	=	7.3765	/	-5.094
	=

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.

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Shanxi Changcheng Microlight Equipment Co (HKSE:08286) Business Description

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Address

No. 7 Dianzi Street, Demonstration Zone, Shanxi Province, Taiyuan, CHN

Website

http://www.sxccoe.com

Shanxi Changcheng Microlight Equipment Co Ltd is a China-based company engaged in the design, research, development, manufacture, and sale of image transmission fiber optic products. Image transmission fiber optics products manufactured by the company are image transmission devices containing a rigidly bundle of optical fibers arranged in an ordered fashion so that images can be transmitted from one end of the optical fiber bundle and displayed on the other end of the bundle. The company produces five main products, including fiber optic inverters, fiber optic straight plates, fiber optic face plates, fiber optic tapers and microchannel plates.

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