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COSCO SHIPPING Specialized Carriers Co (SHSE:600428) Total Inventories : ¥735 Mil (As of Mar. 2024)


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What is COSCO SHIPPING Specialized Carriers Co Total Inventories?

COSCO SHIPPING Specialized Carriers Co's total inventories for the quarter that ended in Mar. 2024 was ¥735 Mil. COSCO SHIPPING Specialized Carriers Co's average total inventories from the quarter that ended in Dec. 2023 to the quarter that ended in Mar. 2024 was ¥706 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. COSCO SHIPPING Specialized Carriers Co's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was ¥-6.52.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. COSCO SHIPPING Specialized Carriers Co's Days Inventory for the three months ended in Mar. 2024 was 23.53.

Inventory Turnover measures how fast the company turns over its inventory within a year. COSCO SHIPPING Specialized Carriers Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 3.88.

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. COSCO SHIPPING Specialized Carriers Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.21.


COSCO SHIPPING Specialized Carriers Co Total Inventories Historical Data

The historical data trend for COSCO SHIPPING Specialized Carriers 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.

COSCO SHIPPING Specialized Carriers Co Total Inventories Chart

COSCO SHIPPING Specialized Carriers Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Total Inventories
Get a 7-Day Free Trial Premium Member Only Premium Member Only 372.16 344.81 454.50 681.35 676.14

COSCO SHIPPING Specialized Carriers Co Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 664.91 671.18 704.30 676.14 734.93

COSCO SHIPPING Specialized Carriers 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.


COSCO SHIPPING Specialized Carriers Co  (SHSE:600428) 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.

COSCO SHIPPING Specialized Carriers 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)
=(1338.475+0.75 * 610.786+0.5 * 734.931-16067.078
-0-84.174)/2146.65
=-6.52

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

COSCO SHIPPING Specialized Carriers 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
=705.537/2735.699*365 / 4
=23.53

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

COSCO SHIPPING Specialized Carriers 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 )
=2735.699 / 705.537
=3.88

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.

COSCO SHIPPING Specialized Carriers 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 )
=705.537 / 3430.373
=0.21

* 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.


COSCO SHIPPING Specialized Carriers Co Total Inventories Related Terms

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COSCO SHIPPING Specialized Carriers Co (SHSE:600428) Business Description

Traded in Other Exchanges
N/A
Address
No. 282 Dongjiang Avenue, Free Trade Zone, Kangsheng Building, Guangdong Province, Guangzhou, CHN, 510623
COSCO Shipping is mainly engaged in the multipurpose shipping business. It also offers specialized shipping services. The company's specialized shipping unit owns semisubmersible ships, heavy-lift ships, roll-on/roll-off vessels, and vehicle carriers. Parent company COSCO owns a 50.13% stake in COSCO Shipping. At the end of December 2010, COSCO Shipping owned 77 ships with a total shipping capacity of 1.3173 million deadweight tons.
Executives
Han Guo Min senior management
Fang Zhi Wei Supervisors
Guo Jing Director
Lin Jing Wei senior management
Guo Fu Xiang senior management
Lai Yi Guang senior management
Tan Jin Song Director
Du Jun Ming senior management
Xue Jun Dong senior management
Jin Li Zuo Director

COSCO SHIPPING Specialized Carriers Co (SHSE:600428) Headlines

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