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Cenntro (Cenntro) Total Inventories : $43.91 Mil (As of Dec. 2023)


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What is Cenntro Total Inventories?

Cenntro's total inventories for the quarter that ended in Dec. 2023 was $43.91 Mil. Cenntro's average total inventories from the quarter that ended in Sep. 2023 to the quarter that ended in Dec. 2023 was $43.50 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Cenntro's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-0.10.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Cenntro's Days Inventory for the three months ended in Dec. 2023 was 471.94.

Inventory Turnover measures how fast the company turns over its inventory within a year. Cenntro's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.19.

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. Cenntro's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 5.05.


Cenntro Total Inventories Historical Data

The historical data trend for Cenntro'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.

Cenntro Total Inventories Chart

Cenntro Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Total Inventories
6.59 4.21 8.14 31.84 43.91

Cenntro Quarterly Data
Dec19 Jun20 Dec20 Jun21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Total Inventories Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 31.84 36.55 41.80 43.08 43.91

Cenntro 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.


Cenntro  (NAS:CENN) 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.

Cenntro's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2023 is

Net-Net Working Capital Per Share (Q: Dec. 2023 )
=(Cash And Cash Equivalents+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(33.604+0.75 * 6.531+0.5 * 43.91-63.673
-0--0.004)/30.8288
=-0.10

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

Cenntro's Days Inventory for the three months ended in Dec. 2023 is calculated as:

Days Inventory=Average Total Inventories (Q: Dec. 2023 )/Cost of Goods Sold (Q: Dec. 2023 )*Days in Period
=43.496/8.41*365 / 4
=471.94

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

Cenntro's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

Inventory Turnover=Cost of Goods Sold (Q: Dec. 2023 ) / Average Total Inventories (Q: Dec. 2023 )
=8.41 / 43.496
=0.19

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.

Cenntro's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Dec. 2023 ) / Revenue (Q: Dec. 2023 )
=43.496 / 8.609
=5.05

* 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.


Cenntro Total Inventories Related Terms

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Cenntro (Cenntro) Business Description

Traded in Other Exchanges
Address
501 Okerson Road, Freehold, NJ, USA, 07728
Cenntro Electric Group Ltd is a commercial electric vehicle technology company with advanced, market-validated electric commercial vehicles. It plans to lead transformation in the auto industry through scalable, decentralized production and fully digitalized autonomous driving solutions. Its vehicles include Metro, Logistar 400, Logistar 200, Neibor 200, and ORV. The company's geographical segments include Europe, America, Asia, and Oceania.
Executives
Edmond Cheng officer: Chief Financial Officer C/O UTSTARCOM, INC., 1275 HARBOR BAY PARKWAY, ALAMEDA CA 94502
Peter Wang director, 10 percent owner, officer: CEO and Executive Director
Ming He officer: Treasurer NO. 106 ZHONGHUAN SOUTH ROAD, AIRPORT INDUSTRIAL PARK, TIANJIN F4 300308
Christopher Thorne director 501 OKERSON ROAD, FREEHOLD NJ 07728
Mathew Zauner officer: Corporate Secretary 501 OKERSON ROAD, FREEHOLD NJ 07728
Jiawei Tong director 501 OKERSON ROAD, FREEHOLD NJ 07728
Tony Wen Tsai officer: Corporate Secretary 501 OKERSON ROAD, FREEHOLD NJ 07728
Marianne Mcinerney officer: Chief Marketing Officer 501 OKERSON ROAD, FREEHOLD NJ 07728
Yi Zeng director 501 OKERSON ROAD, FREEHOLD NJ 07728
Wei Zhong officer: Chief Technology Officer 501 OKERSON ROAD, FREEHOLD NJ 07728
Benjamin B Ge director 501 OKERSON ROAD, FREEHOLD NJ 07728