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Zhangjiagang Guangda Special Material Co (SHSE:688186) Total Inventories : ¥2,008 Mil (As of Mar. 2024)


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What is Zhangjiagang Guangda Special Material Co Total Inventories?

Zhangjiagang Guangda Special Material Co's total inventories for the quarter that ended in Mar. 2024 was ¥2,008 Mil. Zhangjiagang Guangda Special Material Co's average total inventories from the quarter that ended in Dec. 2023 to the quarter that ended in Mar. 2024 was ¥2,018 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Zhangjiagang Guangda Special Material Co's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was ¥-22.69.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Zhangjiagang Guangda Special Material Co's Days Inventory for the three months ended in Mar. 2024 was 237.36.

Inventory Turnover measures how fast the company turns over its inventory within a year. Zhangjiagang Guangda Special Material Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.38.

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. Zhangjiagang Guangda Special Material Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 2.26.


Zhangjiagang Guangda Special Material Co Total Inventories Historical Data

The historical data trend for Zhangjiagang Guangda Special Material 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.

Zhangjiagang Guangda Special Material Co Total Inventories Chart

Zhangjiagang Guangda Special Material Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Total Inventories
Get a 7-Day Free Trial 714.87 920.41 1,508.39 1,976.19 2,028.12

Zhangjiagang Guangda Special Material 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 2,042.13 2,077.77 1,988.03 2,028.12 2,008.22

Zhangjiagang Guangda Special Material 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.


Zhangjiagang Guangda Special Material Co  (SHSE:688186) 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.

Zhangjiagang Guangda Special Material 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)
=(532.146+0.75 * 1197.994+0.5 * 2008.215-6934.915
-0-361.941)/214.241
=-22.69

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

Zhangjiagang Guangda Special Material 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
=2018.168/775.853*365 / 4
=237.36

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

Zhangjiagang Guangda Special Material 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 )
=775.853 / 2018.168
=0.38

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.

Zhangjiagang Guangda Special Material 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 )
=2018.168 / 892.155
=2.26

* 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.


Zhangjiagang Guangda Special Material Co Total Inventories Related Terms

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Zhangjiagang Guangda Special Material Co (SHSE:688186) Business Description

Traded in Other Exchanges
N/A
Address
Fenghuang Town, Langanqiao Development Zone, Jiangsu Province, Anqing Village, Zhangjiagang, CHN, 215614
Zhangjiagang Guangda Special Material Co Ltd is engaged in production and sale of special steel materials. The company's products include various types of castings and forgings and machine accessories: such as forged round bar, die and tool steel, wind power spindle, heavy load gear motor shaft, high pressure boiler pipe, roller, oil mechanical driller, tube-shaped forging, die block, ring forging, disk-shaped forging and all kinds of abnormal forgings. Its products are used in various industries such as wind power, chemical engineering, machinery, automobile, vessel, power station, metallurgy, mining and petrochemical.
Executives
Gu Jin Cai senior management
Zhou Qing Chun Core technical personnel

Zhangjiagang Guangda Special Material Co (SHSE:688186) Headlines

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