Wuxi Dingbang Heat Exchange Equipment Co (BJSE:872931) Total Inventories : ¥107.7 Mil (As of Mar. 2024)

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What is Wuxi Dingbang Heat Exchange Equipment Co Total Inventories?

Wuxi Dingbang Heat Exchange Equipment Co's total inventories for the quarter that ended in Mar. 2024 was ¥107.7 Mil. Wuxi Dingbang Heat Exchange Equipment Co's average total inventories from the quarter that ended in Dec. 2023 to the quarter that ended in Mar. 2024 was ¥113.1 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Wuxi Dingbang Heat Exchange Equipment Co's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was ¥-0.18.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Wuxi Dingbang Heat Exchange Equipment Co's Days Inventory for the three months ended in Mar. 2024 was 129.85.

Inventory Turnover measures how fast the company turns over its inventory within a year. Wuxi Dingbang Heat Exchange Equipment Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.70.

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. Wuxi Dingbang Heat Exchange Equipment Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 1.08.

Wuxi Dingbang Heat Exchange Equipment Co Total Inventories Historical Data

The historical data trend for Wuxi Dingbang Heat Exchange Equipment 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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Wuxi Dingbang Heat Exchange Equipment Co Total Inventories Chart

Wuxi Dingbang Heat Exchange Equipment Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Inventories

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173.15

150.28

136.97

132.47

118.50

Wuxi Dingbang Heat Exchange Equipment Co Quarterly Data
	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Total Inventories	Get a 7-Day Free Trial															140.28	149.09	146.25	118.50	107.67

Wuxi Dingbang Heat Exchange Equipment 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.

Wuxi Dingbang Heat Exchange Equipment Co (BJSE:872931) 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.

Wuxi Dingbang Heat Exchange Equipment Co's Net-Net Working Capital Per Share for the quarter that ended in Mar. 2024 is

	Net-Net Working Capital Per Share (Q: Mar. 2024 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(168.661	+	0.75 * 137.593	+	0.5 * 107.672	-	322.527
-	0	-	19.81)	/	90.18
=	-0.18

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

Wuxi Dingbang Heat Exchange Equipment Co's Days Inventory for the three months ended in Mar. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2024 )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
	=	113.084	/	79.469	*	365 / 4
	=	129.85

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

Wuxi Dingbang Heat Exchange Equipment Co's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Mar. 2024 )	/	Average Total Inventories (Q: Mar. 2024 )
	=	79.469	/	113.084
	=	0.70

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.

Wuxi Dingbang Heat Exchange Equipment Co's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	113.084	/	104.765
	=	1.08

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.

Wuxi Dingbang Heat Exchange Equipment Co Total Inventories Related Terms

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Wuxi Dingbang Heat Exchange Equipment Co (BJSE:872931) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Wuxi Dingbang Heat Exchange Equipment Co Ltd (BJSE:872931) » Definitions » Total Inventories

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Address

Houshan South Road, No. 29, Anzhen Town, Xishan District, Jiangsu Province, Wuxi City, CHN, 214104

Website

http://www.ding-bang.com.cn

Wuxi Dingbang Heat Exchange Equipment Co Ltd is engaged in research and development, design, manufacturing and sales of special heat exchange equipment for oil refining and chemical industry. Its products includes various tube heat exchangers, spiral baffle heat exchangers, air-cooled heat exchangers (air coolers), plate-bundle heat exchangers and A2 pressure vessels, as well as planetary differential start of oil extraction machines.

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