Li Ning Co (Li Ning Co) Total Inventories : $349 Mil (As of Dec. 2023)

View and export this data going back to 2008. Start your Free Trial

What is Li Ning Co Total Inventories?

Li Ning Co's total inventories for the quarter that ended in Dec. 2023 was $349 Mil. Li Ning Co's average total inventories from the quarter that ended in Jun. 2023 to the quarter that ended in Dec. 2023 was $323 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Li Ning Co's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $1.74.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Li Ning Co's Days Inventory for the six months ended in Dec. 2023 was 59.49.

Inventory Turnover measures how fast the company turns over its inventory within a year. Li Ning Co's Inventory Turnover for the quarter that ended in Dec. 2023 was 3.07.

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. Li Ning Co's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.17.

Li Ning Co Total Inventories Historical Data

The historical data trend for Li Ning 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.

* Premium members only.

Li Ning Co Total Inventories Chart

Li Ning Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Inventories

Get a 7-Day Free Trial

200.64

205.76

278.34

348.27

349.18

Li Ning Co 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															278.34	295.18	348.27	295.97	349.18

Li Ning 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.

Li Ning Co (OTCPK:LNNGY) 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.

Li Ning 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)
=	(1251.725	+	0.75 * 168.837	+	0.5 * 349.179	-	1372.673
-	0	-	0)	/	103.379
=	1.74

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

Li Ning 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
	=	322.574	/	989.644	*	365 / 2
	=	59.49

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

Li Ning 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 )
	=	989.644	/	322.574
	=	3.07

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.

Li Ning 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 )
	=	322.574	/	1901.844
	=	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.

Li Ning Co Total Inventories Related Terms

Thank you for viewing the detailed overview of Li Ning Co's Total Inventories provided by GuruFocus.com. Please click on the following links to see related term pages.

Li Ning Co (Li Ning Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Li Ning Co Ltd (OTCPK:LNNGY) » Definitions » Total Inventories

Comparable Companies

Traded in Other Exchanges

LNNGF:USA 02331:Hong Kong LNLB:Germany

Address

No. 8 Xing Guang 5th Street, Opto-Mechatronics Industrial Park, Zhongguancun Science and Technology Area, Tongzhou District, Beijing, CHN, 101111

Website

https://www.lining.com

Established in 1989, Li Ning is one of the largest sportswear companies in China. Headquartered in Beijing, Li Ning mainly sells professional and leisure footwear and apparel under the Li Ning brand. Despite having a single-brand strategy, Li Ning launched multiple sub-brands (such as China Li Ning and Li Ning 1990) to appeal to different demographics. As of the end of 2021, the company had 7,137 stores in China, of which 1,232 were directly operated, and 5,905 were franchised.

Li Ning Co (Li Ning Co) Headlines

From GuruFocus

Matthews China Fund Comments on Li Ning Co Ltd

By Vera Yuan Vera Yuan • 10-20-2014