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Aerospace CH UAV Co (SZSE:002389) Total Inventories : ¥991 Mil (As of Mar. 2024)


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What is Aerospace CH UAV Co Total Inventories?

Aerospace CH UAV Co's total inventories for the quarter that ended in Mar. 2024 was ¥991 Mil. Aerospace CH UAV Co's average total inventories from the quarter that ended in Dec. 2023 to the quarter that ended in Mar. 2024 was ¥993 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Aerospace CH UAV Co's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was ¥1.67.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Aerospace CH UAV Co's Days Inventory for the three months ended in Mar. 2024 was 246.25.

Inventory Turnover measures how fast the company turns over its inventory within a year. Aerospace CH UAV Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.37.

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. Aerospace CH UAV Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 2.14.


Aerospace CH UAV Co Total Inventories Historical Data

The historical data trend for Aerospace CH UAV 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.

Aerospace CH UAV Co Total Inventories Chart

Aerospace CH UAV 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 554.95 597.54 743.85 792.26 995.23

Aerospace CH UAV 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 751.47 859.50 1,088.78 995.23 991.42

Aerospace CH UAV 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.


Aerospace CH UAV Co  (SZSE:002389) 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.

Aerospace CH UAV 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)
=(1472.535+0.75 * 2687.786+0.5 * 991.416-2139.548
-0-181.415)/996.463
=1.67

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

Aerospace CH UAV 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
=993.3205/368.079*365 / 4
=246.25

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

Aerospace CH UAV 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 )
=368.079 / 993.3205
=0.37

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.

Aerospace CH UAV 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 )
=993.3205 / 463.896
=2.14

* 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.


Aerospace CH UAV Co Total Inventories Related Terms

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Aerospace CH UAV Co (SZSE:002389) Business Description

Traded in Other Exchanges
N/A
Address
388 Boulevard Development Zone, Taizhou, CHN, 318000
Aerospace CH UAV Co Ltd is engaged in the development, design, production, maintenance and sales of aviation, spacecraft and equipment, film for capacitors, optical grade polyester film, solar battery back film, packaging film, capacitor manufacturing, sales, aviation, spacecraft and equipment technical consulting services, equipment leasing, computer software design, research and development, installation, commissioning and technical services.
Executives
Qin Yong Ming Director
Shao Yi Xing Executives
Zhang Quan Supervisors
Zhang Li Song Supervisors
Li Feng Director
Huang Guo Jiang Director
Hu Xiao Feng Director
Du Zhi Xi Directors, executives
Hu Mei Xiao Directors, executives
Hong Wei Supervisors
Wang Yun Yan Supervisors
Feng Xiao Yu Director
Feng Hai Bin Supervisors

Aerospace CH UAV Co (SZSE:002389) Headlines

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