Tianneng Power International (HKSE:00819) Total Inventories : HK$10,500 Mil (As of Jun. 2024)

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What is Tianneng Power International Total Inventories?

Tianneng Power International's total inventories for the quarter that ended in Jun. 2024 was HK$10,500 Mil. Tianneng Power International's average total inventories from the quarter that ended in Dec. 2023 to the quarter that ended in Jun. 2024 was HK$9,456 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Tianneng Power International's Net-Net Working Capital per share for the quarter that ended in Jun. 2024 was HK$-19.82.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Tianneng Power International's Days Inventory for the six months ended in Jun. 2024 was 33.84.

Inventory Turnover measures how fast the company turns over its inventory within a year. Tianneng Power International's Inventory Turnover for the quarter that ended in Jun. 2024 was 5.39.

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. Tianneng Power International's Inventory-to-Revenue for the quarter that ended in Jun. 2024 was 0.18.

Tianneng Power International Total Inventories Historical Data

The historical data trend for Tianneng Power International'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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Tianneng Power International Total Inventories Chart

Tianneng Power International Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Inventories

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4,161.93

5,779.69

6,431.90

8,599.97

8,412.26

Tianneng Power International Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Total Inventories	Get a 7-Day Free Trial															9,084.16	8,599.97	8,962.59	8,412.26	10,499.93

Tianneng Power International 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.

Tianneng Power International (HKSE:00819) 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.

Tianneng Power International's Net-Net Working Capital Per Share for the quarter that ended in Jun. 2024 is

	Net-Net Working Capital Per Share (Q: Jun. 2024 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(11927.711	+	0.75 * 2303.856	+	0.5 * 10499.93	-	38264.218
-	0	-	2965.642)	/	1126.12
=	-19.82

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

Tianneng Power International's Days Inventory for the six months ended in Jun. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jun. 2024 )	/	Cost of Goods Sold (Q: Jun. 2024 )	*	Days in Period
	=	9456.095	/	50994.732	*	365 / 2
	=	33.84

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

Tianneng Power International's Inventory Turnover for the quarter that ended in Jun. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Jun. 2024 )	/	Average Total Inventories (Q: Jun. 2024 )
	=	50994.732	/	9456.095
	=	5.39

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.

Tianneng Power International's Inventory to Revenue for the quarter that ended in Jun. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jun. 2024 )	/	Revenue (Q: Jun. 2024 )
	=	9456.095	/	53735.269
	=	0.18

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.

Tianneng Power International Total Inventories Related Terms

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Tianneng Power International Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Tianneng Power International Ltd (HKSE:00819) » Definitions » Total Inventories

Traded in Other Exchanges

TIANF:USA

Address

18 Harbour Road, Suite 3202, 32nd Floor, Central Plaza, Wanchai, Hong Kong, HKG

Website

https://www.tianneng.com.hk

Tianneng Power International Ltd is an electronic components company. It operates through two business segments: sales of batteries and battery-related accessories, and trading of new energy material. The company is primarily engaged in manufacturing and selling of lead-acid batteries and battery-related accessories including motive, solar, and wind-powered batteries, lithium battery products, electrical bicycle batteries, and special-purpose batteries mainly used for electrical vehicles, and energy storage battery, among others. A vast majority of revenue is generated by the company's sale of batteries and battery-related accessories segment, and the company earns most of its revenue in The People's Republic of China.

Executives

Ubs Group Ag	2201 Interest of corporation controlled by you
Yang Yaping	2202 Interest of your spouse
Zhang Tianren	2201 Interest of corporation controlled by you
Prime Leader Global Limited	2101 Beneficial owner

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