ANGGF (Angang Steel Co) Total Inventories : $2,171 Mil (As of Sep. 2024)

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What is Angang Steel Co Total Inventories?

Angang Steel Co's total inventories for the quarter that ended in Sep. 2024 was $2,171 Mil. Angang Steel Co's average total inventories from the quarter that ended in Jun. 2024 to the quarter that ended in Sep. 2024 was $2,084 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Angang Steel Co's Net-Net Working Capital per share for the quarter that ended in Sep. 2024 was $-0.55.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Angang Steel Co's Days Inventory for the three months ended in Sep. 2024 was 52.69.

Inventory Turnover measures how fast the company turns over its inventory within a year. Angang Steel Co's Inventory Turnover for the quarter that ended in Sep. 2024 was 1.73.

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. Angang Steel Co's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 0.62.

Angang Steel Co Total Inventories Historical Data

The historical data trend for Angang Steel 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.

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Angang Steel Co Total Inventories Chart

Angang Steel Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Inventories

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1,396.27

1,623.72

2,992.32

1,947.16

2,319.96

Angang Steel Co Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Total Inventories	Get a 7-Day Free Trial															1,851.22	2,319.96	2,147.75	1,997.46	2,171.00

Angang Steel 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.

Angang Steel Co (OTCPK:ANGGF) 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.

Angang Steel Co's Net-Net Working Capital Per Share for the quarter that ended in Sep. 2024 is

	Net-Net Working Capital Per Share (Q: Sep. 2024 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(439.655	+	0.75 * 427.643	+	0.5 * 2171.001	-	6822.075
-	0	-	140.334)	/	9383.4
=	-0.55

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

Angang Steel Co's Days Inventory for the three months ended in Sep. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2024 )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
	=	2084.2325	/	3609.384	*	365 / 4
	=	52.69

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

Angang Steel Co's Inventory Turnover for the quarter that ended in Sep. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Sep. 2024 )	/	Average Total Inventories (Q: Sep. 2024 )
	=	3609.384	/	2084.2325
	=	1.73

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.

Angang Steel Co's Inventory to Revenue for the quarter that ended in Sep. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2024 )	/	Revenue (Q: Sep. 2024 )
	=	2084.2325	/	3365.178
	=	0.62

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.

Angang Steel Co Total Inventories Related Terms

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Angang Steel Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Angang Steel Co Ltd (OTCPK:ANGGF) » Definitions » Total Inventories

Traded in Other Exchanges

00347:Hong Kong GNV:Germany 000898:China

Address

Production Area of Angang Steel, Tie Xi District, Liaoning Province, Anshan, CHN, 114021

Website

http://www.ansteel.com.cn

Angang Steel Co Ltd is engaged in the steel rolling and processing industry. The Company is classified into an operating segment based on the type of business: production and sale of steel products. The Company's products have diversified structures and include hot rolled sheets, medium and thick plates, cold rolled sheets, color coating plates, heavy rails, seamless steel pipes and wire rods, and other products. These products are widely used in industries such as machinery, metallurgy, petroleum, chemical industry, coal, electric power, railway, shipbuilding, automobile, construction, home electrical appliances, and aviation. Geographically, the group derives a majority of its revenue from the China region.