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Avic Heavy Machinery Co (SHSE:600765) Total Inventories : ¥3,577 Mil (As of Mar. 2024)


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What is Avic Heavy Machinery Co Total Inventories?

Avic Heavy Machinery Co's total inventories for the quarter that ended in Mar. 2024 was ¥3,577 Mil. Avic Heavy Machinery Co's average total inventories from the quarter that ended in Dec. 2023 to the quarter that ended in Mar. 2024 was ¥3,649 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Avic Heavy Machinery Co's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was ¥-1.41.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Avic Heavy Machinery Co's Days Inventory for the three months ended in Mar. 2024 was 179.01.

Inventory Turnover measures how fast the company turns over its inventory within a year. Avic Heavy Machinery Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.51.

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. Avic Heavy Machinery Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 1.38.


Avic Heavy Machinery Co Total Inventories Historical Data

The historical data trend for Avic Heavy Machinery 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.

Avic Heavy Machinery Co Total Inventories Chart

Avic Heavy Machinery 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 2,449.46 3,061.60 3,232.11 3,315.64 3,721.05

Avic Heavy Machinery 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 3,479.11 3,540.23 3,762.31 3,721.05 3,577.15

Avic Heavy Machinery 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.


Avic Heavy Machinery Co  (SHSE:600765) 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.

Avic Heavy Machinery 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)
=(4799.111+0.75 * 6935.372+0.5 * 3577.15-13098.844
-0-784.045)/1481.55
=-1.41

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

Avic Heavy Machinery 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
=3649.0985/1860.131*365 / 4
=179.01

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

Avic Heavy Machinery 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 )
=1860.131 / 3649.0985
=0.51

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.

Avic Heavy Machinery 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 )
=3649.0985 / 2648.296
=1.38

* 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.


Avic Heavy Machinery Co Total Inventories Related Terms

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Avic Heavy Machinery Co (SHSE:600765) Business Description

Traded in Other Exchanges
N/A
Address
No. 501, Beitun Road, Xintian Village, Wudang District, Guizhou Province, Guiyang, CHN, 550018
Avic Heavy Machinery Co Ltd is a China-based company engaged in the development, production, and sale of both military and civilian-used high-end equipment. It manufactures hydraulic parts, hydraulic systems, forging products, heat exchangers and gas turbines in China. The company operates in the business areas of Forging business, Hydraulic business, and New energy business. In the Forging business, the company mainly produces die forgings, free forgings, isothermal forgings and rings of different materials. In Hydraulic business, the main products are various types of heat exchangers, high-speed rotating machinery (turbine, pumps, fans), oil tanks, cooling devices, high-temperature insulation components.
Executives
Li Yang senior management
Hu Ling Hong Directors, senior managers
Ji Sheng Li senior management
Zhang Zheng Yuan senior management
Mao Yuan Supervisors
Ran Xing Director
Wang Zhi Hong senior management
Qiao Kun senior management
Liu Zhong Wen senior management
Sun Ji Bing senior management
Li Xue Qin Director
Jiang Chao Director
Ji Su Chun senior management
Huang Yun Director
Hu Hai Yin senior management

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