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Qian Yuan Baixing (Qian Yuan Baixing) Total Inventories : $0.84 Mil (As of Sep. 2011)


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What is Qian Yuan Baixing Total Inventories?

Qian Yuan Baixing's total inventories for the quarter that ended in Sep. 2011 was $0.84 Mil. Qian Yuan Baixing's average total inventories from the quarter that ended in Jun. 2011 to the quarter that ended in Sep. 2011 was $0.90 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Qian Yuan Baixing's Net-Net Working Capital per share for the quarter that ended in Sep. 2011 was $-0.18.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Qian Yuan Baixing's Days Inventory for the three months ended in Sep. 2011 was 35.51.

Inventory Turnover measures how fast the company turns over its inventory within a year. Qian Yuan Baixing's Inventory Turnover for the quarter that ended in Sep. 2011 was 2.57.

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. Qian Yuan Baixing's Inventory-to-Revenue for the quarter that ended in Sep. 2011 was 0.34.


Qian Yuan Baixing Total Inventories Historical Data

The historical data trend for Qian Yuan Baixing'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.

Qian Yuan Baixing Total Inventories Chart

Qian Yuan Baixing Annual Data
Trend Aug06 Aug07 Dec08 Dec09 Dec10
Total Inventories
- - 0.79 0.22 1.06

Qian Yuan Baixing Quarterly Data
Nov06 Feb07 May07 Aug07 Nov07 Mar08 Jun08 Sep08 Dec08 Mar09 Jun09 Sep09 Dec09 Mar10 Jun10 Sep10 Dec10 Mar11 Jun11 Sep11
Total Inventories Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.57 1.06 0.92 0.97 0.84

Qian Yuan Baixing 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.


Qian Yuan Baixing  (OTCPK:QYBX) 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.

Qian Yuan Baixing's Net-Net Working Capital Per Share for the quarter that ended in Sep. 2011 is

Net-Net Working Capital Per Share (Q: Sep. 2011 )
=(Cash And Cash Equivalents+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(0.001+0.75 * 1.458+0.5 * 0.836-4.736
-0-0)/18.3544
=-0.18

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

Qian Yuan Baixing's Days Inventory for the three months ended in Sep. 2011 is calculated as:

Days Inventory=Average Total Inventories (Q: Sep. 2011 )/Cost of Goods Sold (Q: Sep. 2011 )*Days in Period
=0.9025/2.319*365 / 4
=35.51

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

Qian Yuan Baixing's Inventory Turnover for the quarter that ended in Sep. 2011 is calculated as

Inventory Turnover=Cost of Goods Sold (Q: Sep. 2011 ) / Average Total Inventories (Q: Sep. 2011 )
=2.319 / 0.9025
=2.57

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.

Qian Yuan Baixing's Inventory to Revenue for the quarter that ended in Sep. 2011 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Sep. 2011 ) / Revenue (Q: Sep. 2011 )
=0.9025 / 2.642
=0.34

* 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.


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.


Qian Yuan Baixing Total Inventories Related Terms

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Qian Yuan Baixing (Qian Yuan Baixing) Business Description

Traded in Other Exchanges
N/A
Address
601 Union Street, Suite 4200, Seattle, WA, USA, 98101
Qian Yuan Baixing Inc is a shell Company.

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