GNZUF (Guangzhou Automobile Group Co) Total Inventories : $2,491 Mil (As of Sep. 2024)

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What is Guangzhou Automobile Group Co Total Inventories?

Guangzhou Automobile Group Co's total inventories for the quarter that ended in Sep. 2024 was $2,491 Mil. Guangzhou Automobile Group Co's average total inventories from the quarter that ended in Jun. 2024 to the quarter that ended in Sep. 2024 was $2,478 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Guangzhou Automobile Group Co's Net-Net Working Capital per share for the quarter that ended in Sep. 2024 was $-0.71.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Guangzhou Automobile Group Co's Days Inventory for the three months ended in Sep. 2024 was 59.72.

Inventory Turnover measures how fast the company turns over its inventory within a year. Guangzhou Automobile Group Co's Inventory Turnover for the quarter that ended in Sep. 2024 was 1.53.

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. Guangzhou Automobile Group Co's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 0.62.

Guangzhou Automobile Group Co Total Inventories Historical Data

The historical data trend for Guangzhou Automobile Group 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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Guangzhou Automobile Group Co Total Inventories Chart

Guangzhou Automobile Group Co Annual Data

Trend

Dec14

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Dec23

Total Inventories

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987.76

1,012.58

1,273.45

1,773.14

2,341.72

Guangzhou Automobile Group 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															1,775.35	2,341.72	2,430.52	2,465.60	2,491.17

Guangzhou Automobile Group 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.

Guangzhou Automobile Group Co (OTCPK:GNZUF) 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.

Guangzhou Automobile Group 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)
=	(6462.702	+	0.75 * 527.119	+	0.5 * 2491.167	-	14273.463
-	0	-	1167.215)	/	10362
=	-0.71

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

Guangzhou Automobile Group 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
	=	2478.382	/	3786.656	*	365 / 4
	=	59.72

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

Guangzhou Automobile Group 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 )
	=	3786.656	/	2478.382
	=	1.53

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.

Guangzhou Automobile Group 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 )
	=	2478.382	/	4025.694
	=	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.

Guangzhou Automobile Group Co Total Inventories Related Terms

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Guangzhou Automobile Group Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Guangzhou Automobile Group Co Ltd (OTCPK:GNZUF) » Definitions » Total Inventories

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Traded in Other Exchanges

GNZUY:USA 02238:Hong Kong 02G:Germany 601238:China

Address

18 Whitfield Road, Room 808, Citicorp Centre, Causeway Bay, Hong Kong, HKG

Website

https://www.gac.com.cn

Guangzhou Automobile Group Co Ltd is a state-controlled producer of passenger vehicles, motorcycles, and auto parts. The company's activities are broadly classified into two segments; The vehicles and related operations segment include the production and sale of a variety of passenger vehicles, commercial vehicles, automotive parts, and related operations, and the Others segment includes mainly the production and sale of motorcycles, automobile finance, and insurance, other financing services, and investing businesses. The firm's operations are spread across Mainland China and Hong Kong. Its vehicles segment generates a majority of the revenues for the company. Geographically, it derives a majority of its revenue from Mainland China.