CIMC Enric Holdings (CIMC Enric Holdings) Total Inventories : $685 Mil (As of Jun. 2023)

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What is CIMC Enric Holdings Total Inventories?

CIMC Enric Holdings's total inventories for the quarter that ended in Jun. 2023 was $685 Mil. CIMC Enric Holdings's average total inventories from the quarter that ended in Dec. 2022 to the quarter that ended in Jun. 2023 was $675 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. CIMC Enric Holdings's Net-Net Working Capital per share for the quarter that ended in Jun. 2023 was $-0.26.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. CIMC Enric Holdings's Days Inventory for the six months ended in Jun. 2023 was 98.17.

Inventory Turnover measures how fast the company turns over its inventory within a year. CIMC Enric Holdings's Inventory Turnover for the quarter that ended in Jun. 2023 was 1.86.

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. CIMC Enric Holdings's Inventory-to-Revenue for the quarter that ended in Jun. 2023 was 0.45.

CIMC Enric Holdings Total Inventories Historical Data

The historical data trend for CIMC Enric Holdings'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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CIMC Enric Holdings Total Inventories Chart

CIMC Enric Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Inventories

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524.16

600.16

677.05

665.03

668.96

CIMC Enric Holdings 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	Get a 7-Day Free Trial															677.05	712.29	665.03	684.87	668.96

CIMC Enric Holdings 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.

CIMC Enric Holdings (OTCPK:CIMEF) 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.

CIMC Enric Holdings'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)
=	(780.751	+	0.75 * 449.681	+	0.5 * 684.866	-	1923.682
-	0	-	54.824)	/	2028.28
=	-0.26

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

CIMC Enric Holdings'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
	=	674.9465	/	1254.688	*	365 / 2
	=	98.17

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

CIMC Enric Holdings'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 )
	=	1254.688	/	674.9465
	=	1.86

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.

CIMC Enric Holdings'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 )
	=	674.9465	/	1502.009
	=	0.45

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.

CIMC Enric Holdings Total Inventories Related Terms

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CIMC Enric Holdings (CIMC Enric Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » CIMC Enric Holdings Ltd (OTCPK:CIMEF) » Definitions » Total Inventories

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Traded in Other Exchanges

03899:Hong Kong E8F:Germany

Address

CIMC R&D Center, third floor, No. 2 Gangwan Avenue, Shekou Industrial Zone, Nanshan District, Guangdong, Shenzhen, CHN

Website

https://www.enricgroup.com

CIMC Enric Holdings Ltd is engaged in the design, development, manufacturing, engineering, and sales of transportation, storage, and processing equipment. It is also involved in the provision of technical maintenance services. The company operates through three segments. The clean energy segment specializes in the manufacture and sale of a wide range of equipment for the storage, transportation, processing, and distribution of natural gas. Chemical and environmental segment specializes in the manufacture and sale of a wide range of equipment, such as tank containers, for the storage and transportation of liquefied or gasified chemicals. The liquid food segment specializes in the engineering, manufacture, and sale of stainless-steel tanks for storage and processing liquid food.