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Cang Bao Tian Xia International Art Trade Center's total inventories for the quarter that ended in Dec. 2021 was $0.27 Mil. Cang Bao Tian Xia International Art Trade Center's average total inventories from the quarter that ended in Sep. 2021 to the quarter that ended in Dec. 2021 was $0.24 Mil.
In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Cang Bao Tian Xia International Art Trade Center's Net-Net Working Capital per share for the quarter that ended in Dec. 2021 was $-0.37.
Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Cang Bao Tian Xia International Art Trade Center's Days Inventory for the three months ended in Dec. 2021 was 26.15.
Inventory Turnover measures how fast the company turns over its inventory within a year. Cang Bao Tian Xia International Art Trade Center's Inventory Turnover for the quarter that ended in Dec. 2021 was 3.49.
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. Cang Bao Tian Xia International Art Trade Center's Inventory-to-Revenue for the quarter that ended in Dec. 2021 was 239.00.
The historical data trend for Cang Bao Tian Xia International Art Trade Center'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.
Cang Bao Tian Xia International Art Trade Center Annual Data | |||||||||||||||||||||
Trend | Dec05 | Dec06 | Jun07 | Jun08 | Jun09 | Jun10 | Jun18 | Jun19 | Jun20 | Jun21 | |||||||||||
Total Inventories | Get a 7-Day Free Trial | 2.68 | - | - | 0.44 | 0.11 |
Cang Bao Tian Xia International Art Trade Center Quarterly Data | ||||||||||||||||||||
Mar11 | Sep17 | Dec17 | Mar18 | Jun18 | Sep18 | Dec18 | Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | |
Total Inventories | Get a 7-Day Free Trial | 1.52 | 0.11 | 0.21 | 0.27 | - |
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.
Cang Bao Tian Xia International Art Trade Center (OTCPK:TXCB) 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.
Cang Bao Tian Xia International Art Trade Center's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2021 is
Net-Net Working Capital Per Share (Q: Dec. 2021 ) | |||||||
= | (Cash And Cash Equivalents | + | 0.75 * Accounts Receivable | + | 0.5 * Total Inventories | - | Total Liabilities |
- | Preferred Stock | - | Minority Interest) | / | Shares Outstanding (EOP) | ||
= | (0.133 | + | 0.75 * 0 | + | 0.5 * 0.27 | - | 40.547 |
- | 0.01 | - | 0) | / | 110.319 | ||
= | -0.37 |
2. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Cang Bao Tian Xia International Art Trade Center's Days Inventory for the three months ended in Dec. 2021 is calculated as:
Days Inventory | = | Average Total Inventories (Q: Dec. 2021 ) | / | Cost of Goods Sold (Q: Dec. 2021 ) | * | Days in Period |
= | 0.239 | / | 0.834 | * | 365 / 4 | |
= | 26.15 |
3. Inventory Turnover measures how fast the company turns over its inventory within a year.
Cang Bao Tian Xia International Art Trade Center's Inventory Turnover for the quarter that ended in Dec. 2021 is calculated as
Inventory Turnover | = | Cost of Goods Sold (Q: Dec. 2021 ) | / | Average Total Inventories (Q: Dec. 2021 ) |
= | 0.834 | / | 0.239 | |
= | 3.49 |
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.
Cang Bao Tian Xia International Art Trade Center's Inventory to Revenue for the quarter that ended in Dec. 2021 is calculated as
Inventory-to-Revenue | = | Average Total Inventories (Q: Dec. 2021 ) | / | Revenue (Q: Dec. 2021 ) |
= | 0.239 | / | 0.001 | |
= | 239.00 |
* 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.
Thank you for viewing the detailed overview of Cang Bao Tian Xia International Art Trade Center's Total Inventories provided by GuruFocus.com. Please click on the following links to see related term pages.
Wei Wang | 10 percent owner | NO. 14, LANE 1, DONGXIAO CITY, CHONGWEN DISTRICT, BEIJING F4 0000000 |
Liang Tan | director | NO. 88 LANE 7171 SHENGIANG RD., PUDONG NEW DISTRICT, SHANGHAI F4 00000 |
Yaqin Fu | 10 percent owner | NO. 88 LANE 7171 SHENGIANG RD., PUDONG NEW DISTRICT, SHANGHAI F4 00000 |
Xingtao Zhou | director, 10 percent owner, officer: CEO and CFO | 5-1-1206 HEFENG JIANGAN, NIANQUING ROAD MEILAN DISTRICT, HAIKOU, HAINAN PROVINCE F4 00000 |
Ruihua International Ltd | 10 percent owner | PO BOX 83, DES PLAINES IL 60016 |
Jayhawk Capital Management Llc | other: 13(d) group owning > 10% | 13021 W 74TH ST, SHAWNEE KS 66216 |
Jayhawk Private Equity Gp, L.p. | other: 13(d) group owning > 10% | 5410 WEST 61ST PLACE, SUITE 100, MISSION KS 66205 |
Jayhawk Private Equity Co Invest Fund Lp | other: 13(d) group owning > 10% | 5410 WEST 61ST PLACE, SUITE 100, MISSION KS 66205 |
Jayhawk Private Equity Fund L P | other: 13(d) group owning > 10% | 5410 WEST 61ST PLACE, SUITE 100, MISSION KS 66205 |
Kent C Mccarthy | 10 percent owner, other: 13(d) group owning > 10% | 930 TAHOE BLVD., 802-281, INCLINE VILLAGE NV 89451 |
Pinnacle China Fund, L.p. | 10 percent owner | 4965 PRESTON PARK BLVD., SUITE 240, PLANO TX 75093 |
Philip Widmann | officer: Senior Vice President | C/O USUNCO, 10510 HILLSBORO ROAD, SANTA ANA CA 92705 |
Jason Lu | director, officer: Chief Executive Officer | C/O USUNCO, 10510 HILLSBORO ROAD, SANTA ANA CA 92705 |
Ming He | officer: Chief Financial Officer | NO. 106 ZHONGHUAN SOUTH ROAD, AIRPORT INDUSTRIAL PARK, TIANJIN F4 300308 |
Haining Liu | director | C/O USUNCO, 10510 HILLSBORO ROAD, SANTA ANA CA 92705 |
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