PME has been successfully added to your Stock Email Alerts list.
You can manage your stock email alerts here.
PME has been removed from your Stock Email Alerts list.
Please enter Portfolio Name for new portfolio.
Pingtan Marine Enterprise's total inventories for the quarter that ended in Jun. 2022 was $72.3 Mil. Pingtan Marine Enterprise's average total inventories from the quarter that ended in Dec. 2021 to the quarter that ended in Jun. 2022 was $63.7 Mil.
In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Pingtan Marine Enterprise's Net-Net Working Capital per share for the quarter that ended in Jun. 2022 was $-4.97.
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Inventory Turnover measures how fast the company turns over its inventory within a year. Pingtan Marine Enterprise's Inventory Turnover for the quarter that ended in Jun. 2022 was 0.00.
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.
The historical data trend for Pingtan Marine Enterprise'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.
Pingtan Marine Enterprise Annual Data | |||||||||||||||||||||
Trend | Dec12 | Dec13 | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | |||||||||||
Total Inventories | Get a 7-Day Free Trial | 3.56 | 5.84 | 30.53 | 67.61 | 54.97 |
Pingtan Marine Enterprise Quarterly Data | ||||||||||||||||||||
Jun17 | Sep17 | Dec17 | Mar18 | Jun18 | Sep18 | Dec18 | Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Jun22 | |
Total Inventories | Get a 7-Day Free Trial | 70.31 | 77.14 | 72.84 | 54.97 | 72.34 |
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.
Pingtan Marine Enterprise (NAS:PME) 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.
Pingtan Marine Enterprise's Net-Net Working Capital Per Share for the quarter that ended in Jun. 2022 is
Net-Net Working Capital Per Share (Q: Jun. 2022 ) | |||||||
= | (Cash And Cash Equivalents | + | 0.75 * Accounts Receivable | + | 0.5 * Total Inventories | - | Total Liabilities |
- | Preferred Stock | - | Minority Interest) | / | Shares Outstanding (EOP) | ||
= | (4.054 | + | 0.75 * 29.044 | + | 0.5 * 72.337 | - | 474.191 |
- | 0 | - | 14.903) | / | 85.941 | ||
= | -4.97 |
2. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Pingtan Marine Enterprise's Days Inventory for the three months ended in Jun. 2022 is calculated as:
Days Inventory | = | Average Total Inventories (Q: Jun. 2022 ) | / | Cost of Goods Sold (Q: Jun. 2022 ) | * | Days in Period |
= | 63.6535 | / | 0 | * | 365 / 4 | |
= |
3. Inventory Turnover measures how fast the company turns over its inventory within a year.
Pingtan Marine Enterprise's Inventory Turnover for the quarter that ended in Jun. 2022 is calculated as
Inventory Turnover | = | Cost of Goods Sold (Q: Jun. 2022 ) | / | Average Total Inventories (Q: Jun. 2022 ) |
= | 0 | / | 63.6535 | |
= | 0.00 |
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.
Pingtan Marine Enterprise's Inventory to Revenue for the quarter that ended in Jun. 2022 is calculated as
Inventory-to-Revenue | = | Average Total Inventories (Q: Jun. 2022 ) | / | Revenue (Q: Jun. 2022 ) |
= | 63.6535 | / | 0 | |
= |
* 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 Pingtan Marine Enterprise's Total Inventories provided by GuruFocus.com. Please click on the following links to see related term pages.
Liming Yung | officer: Chief Financial Officer | 18/F, ZHONGSHAN BUILDING A, NO. 154 HUDONG ROAD, FUZHOU F4 350001 |
Xinrong Zhuo | director, 10 percent owner, officer: Chief Executive Officer | FLOOR 18, TOWER A, ZHONG SHAN BUILDING, NO 154, HUDONG ROAD, GULAU DISTRICT, FUHOO CITY, FUJAN PROVINCE F4 00000 |
Lin Lin | director | 18-19/F, ZHONGSHAN BUILDING A,, NO. 154 HUDONG ROAD, FUZHOU F4 350001 |
Xingan Lin | director | 18-19/F, ZHONGSHAN BUILDING A,, NO. 154 HUDONG ROAD, FUZHOU F4 350001 |
Yang Yu | officer: CFO | 561 XIAN FENG ROAD, HARBIN HEILONGJIANG XX 1540000 |
Yeliang Zhou | director | FLOOR 18, TOWER A, ZHONGSHAN BUILDING, NO 154, HUDONG ROAD, GULOU DISTRICT, FUZHOU CITY, FUJIAN PROVINCE F4 00000 |
Zengbiao Zhu | director | FLOOR 18, TOWER A, ZHONGSHAN BUILDING, NO 154, HUDONG ROAD, GULOU DISTRICT, FUZHOU CITY, FUJIAN PROVINCE F4 00000 |
Lin Bao | director | FLOOR 18, TOWER A, ZHONGSHAN BUILDING, NO 154, HUDONG ROAD, GULOU DISTRICT, FUZHOU CITY, FUJIAN PROVINCE F4 00000 |
Bin Lin | director, officer: Senior Vice President | FLOOR 18, TOWER A, ZHONGSHAN BUILDING, NO 154, HUDONG ROAD, GULOU DISTRICT, FUZHOU CITY, FUJIAN PROVINCE F4 00000 |
Jin Shi | director, 10 percent owner, officer: Chief Executive Officer | 1818 CANGGONG ROAD, FENGXIAN, SHANGHAI, CHEMICAL INDUSTRY PARK, SHANGHAI F4 201417 |
Teng Zhou | director | 1818 CANGGONG ROAD, FENGXIAN, SHANGHAI, CHEMICAL INDUSTRY PARK, SHANGHAI F4 201417 |
Xuesong Song | director, 10 percent owner, officer: Chief Financial Officer | 1818 CANGGONG ROAD, FENGXIAN, SHANGHAI, CHEMICAL INDUSTRY PARK, SHANGHAI F4 201417 |
Xuechu He | director | 1818 CANGGONG ROAD, FENGXIAN, SHANGHAI, CHEMICAL INDUSTRY PARK, SHANGHAI F4 201417 |
Michael W Zhang | director | A12 JIANGUOMENWAI AVENUE, NCI TOWER SUITE 1602, BEIJING F4 100022 |
Xue Bai | director | A12 JIANGUOMENWAI AVENUE, NCI TOWER SUITE 1602, BEIJING F4 100022 |
From GuruFocus
By PRNewswire PRNewswire • 12-22-2022
By PRNewswire PRNewswire • 07-15-2022
By PRNewswire PRNewswire • 01-09-2021
By PRNewswire PRNewswire • 10-28-2022
By PRNewswire PRNewswire • 10-06-2020
By PRNewswire PRNewswire • 01-14-2021
By PRNewswire PRNewswire • 03-04-2021
By PRNewswire PRNewswire • 02-02-2021
By PRNewswire PRNewswire • 12-27-2022
By PRNewswire PRNewswire • 12-22-2020
Disclaimers: GuruFocus.com is not operated by a broker or a dealer. It has an affiliated registered investment adviser, which serves as the subadviser to an exchange traded fund. This investment adviser does not provide advice to individual investors. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The individuals or entities selected as "gurus" may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. Gurus may be added or dropped from the GuruFocus site at any time. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Stock quotes provided by InterActive Data. Fundamental company data provided by Morningstar, updated daily.