GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » Origin Agritech Ltd (STU:39O1) » Definitions » Total Inventories

Origin Agritech (STU:39O1) Total Inventories : €1.67 Mil (As of Sep. 2023)


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

What is Origin Agritech Total Inventories?

Origin Agritech's total inventories for the quarter that ended in Sep. 2023 was €1.67 Mil. Origin Agritech's average total inventories from the quarter that ended in Mar. 2023 to the quarter that ended in Sep. 2023 was €1.60 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Origin Agritech's Net-Net Working Capital per share for the quarter that ended in Sep. 2023 was €-5.68.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Origin Agritech's Days Inventory for the six months ended in Sep. 2023 was 91.68.

Inventory Turnover measures how fast the company turns over its inventory within a year. Origin Agritech's Inventory Turnover for the quarter that ended in Sep. 2023 was 1.99.

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. Origin Agritech's Inventory-to-Revenue for the quarter that ended in Sep. 2023 was 0.46.


Origin Agritech Total Inventories Historical Data

The historical data trend for Origin Agritech'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.

Origin Agritech Total Inventories Chart

Origin Agritech Annual Data
Trend Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
Total Inventories
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.64 1.69 0.55 0.30 1.67

Origin Agritech Semi-Annual Data
Mar14 Sep14 Mar15 Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23
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 0.55 0.34 0.30 1.52 1.67

Origin Agritech 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.


Origin Agritech  (STU:39O1) 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.

Origin Agritech's Net-Net Working Capital Per Share for the quarter that ended in Sep. 2023 is

Net-Net Working Capital Per Share (Q: Sep. 2023 )
=(Cash And Cash Equivalents+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(3.044+0.75 * 0.108+0.5 * 1.674-41.056
-0--3.064)/5.9906
=-5.68

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

Origin Agritech's Days Inventory for the six months ended in Sep. 2023 is calculated as:

Days Inventory=Average Total Inventories (Q: Sep. 2023 )/Cost of Goods Sold (Q: Sep. 2023 )*Days in Period
=1.597/3.179*365 / 2
=91.68

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

Origin Agritech's Inventory Turnover for the quarter that ended in Sep. 2023 is calculated as

Inventory Turnover=Cost of Goods Sold (Q: Sep. 2023 ) / Average Total Inventories (Q: Sep. 2023 )
=3.179 / 1.597
=1.99

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.

Origin Agritech's Inventory to Revenue for the quarter that ended in Sep. 2023 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Sep. 2023 ) / Revenue (Q: Sep. 2023 )
=1.597 / 3.494
=0.46

* 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.


Origin Agritech Total Inventories Related Terms

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


Origin Agritech (STU:39O1) Business Description

Traded in Other Exchanges
Address
No. 21 Sheng Ming Yuan Road, Changping District, Beijing, CHN, 102206
Origin Agritech Ltd is a Chinese agricultural technology company. In crop seed biotechnologies, the company's phytase corn was the first transgenic corn to receive the Bio-Safety Certificate from China's Ministry of Agriculture. Origin has established a robust biotechnology seed pipeline including products with glyphosate tolerance and pest resistance (Bt) traits.

Origin Agritech (STU:39O1) Headlines

No Headlines