Feishang Anthracite Resources (HKSE:01738) Total Inventories

: HK$45 Mil (As of Jun. 2023)

View and export this data going back to 2014. Start your Free Trial

Feishang Anthracite Resources's total inventories for the quarter that ended in Jun. 2023 was HK$45 Mil. Feishang Anthracite Resources's average total inventories from the quarter that ended in Dec. 2022 to the quarter that ended in Jun. 2023 was HK$44 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Feishang Anthracite Resources's Net-Net Working Capital per share for the quarter that ended in Jun. 2023 was HK$-3.32.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Feishang Anthracite Resources's Days Inventory for the six months ended in Jun. 2023 was 17.63.

Inventory Turnover measures how fast the company turns over its inventory within a year. Feishang Anthracite Resources's Inventory Turnover for the quarter that ended in Jun. 2023 was 10.35.

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. Feishang Anthracite Resources's Inventory-to-Revenue for the quarter that ended in Jun. 2023 was 0.06.

Feishang Anthracite Resources Total Inventories Historical Data

The historical data trend for Feishang Anthracite Resources'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.

Feishang Anthracite Resources Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Inventories

41.53

64.31

38.60

43.20

66.23

Feishang Anthracite Resources Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Total Inventories																38.60	39.20	43.20	44.95	66.23

Feishang Anthracite Resources 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.

Feishang Anthracite Resources (HKSE:01738) 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.

Feishang Anthracite Resources's Net-Net Working Capital Per Share for the quarter that ended in Jun. 2023 is

	Net-Net Working Capital Per Share (Q: Jun. 2023 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(45.373	+	0.75 * 57.041	+	0.5 * 44.946	-	4419.079
-	0	-	278.013)	/	1380.55
=	-3.32

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

Feishang Anthracite Resources's Days Inventory for the six months ended in Jun. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jun. 2023 )	/	Cost of Goods Sold (Q: Jun. 2023 )	*	Days in Period
	=	44.0745	/	456.133	*	365 / 2
	=	17.63

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

Feishang Anthracite Resources's Inventory Turnover for the quarter that ended in Jun. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Jun. 2023 )	/	Average Total Inventories (Q: Jun. 2023 )
	=	456.133	/	44.0745
	=	10.35

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.

Feishang Anthracite Resources's Inventory to Revenue for the quarter that ended in Jun. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jun. 2023 )	/	Revenue (Q: Jun. 2023 )
	=	44.0745	/	701.49
	=	0.06

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.

Feishang Anthracite Resources Total Inventories Related Terms

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

Feishang Anthracite Resources (HKSE:01738) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Other Energy Sources » Feishang Anthracite Resources Ltd (HKSE:01738) » Definitions » Total Inventories

Traded in Other Exchanges

FSHRF:USA

Address

200 Connaught Road Central, Room 2205, 22 Floor, West Tower, Shun Tak Centre, Sheung Wan, Hong Kong, HKG

Website

https://www.fsanthracite.com

Feishang Anthracite Resources Ltd is principally engaged in the acquisition, development, and construction of anthracite coal mines and the extraction and sale of anthracite coal in the People's Republic of China. It conducts its principal operation and derives revenues solely from Mainland China.

Feishang Anthracite Resources (HKSE:01738) Headlines

No Headlines