Ruifeng Power Group Co (HKSE:02025) Total Inventories : HK$339 Mil (As of Jun. 2024)

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What is Ruifeng Power Group Co Total Inventories?

Ruifeng Power Group Co's total inventories for the quarter that ended in Jun. 2024 was HK$339 Mil. Ruifeng Power Group Co's average total inventories from the quarter that ended in Dec. 2023 to the quarter that ended in Jun. 2024 was HK$319 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Ruifeng Power Group Co's Net-Net Working Capital per share for the quarter that ended in Jun. 2024 was HK$-0.50.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Ruifeng Power Group Co's Days Inventory for the six months ended in Jun. 2024 was 142.32.

Inventory Turnover measures how fast the company turns over its inventory within a year. Ruifeng Power Group Co's Inventory Turnover for the quarter that ended in Jun. 2024 was 1.28.

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. Ruifeng Power Group Co's Inventory-to-Revenue for the quarter that ended in Jun. 2024 was 0.69.

Ruifeng Power Group Co Total Inventories Historical Data

The historical data trend for Ruifeng Power 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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Ruifeng Power Group Co Total Inventories Chart

Ruifeng Power Group Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Total Inventories

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233.64

293.39

304.93

298.73

341.31

Ruifeng Power Group Co Semi-Annual Data
	Dec14	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Total Inventories	Get a 7-Day Free Trial															304.93	280.79	298.73	339.06	341.31

Ruifeng Power 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.

Ruifeng Power Group Co (HKSE:02025) 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.

Ruifeng Power Group Co'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)
=	(72.025	+	0.75 * 222.889	+	0.5 * 339.055	-	809.412
-	0	-	0)	/	800.000
=	-0.50

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

Ruifeng Power Group Co'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
	=	318.892	/	408.936	*	365 / 2
	=	142.32

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

Ruifeng Power Group Co'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 )
	=	408.936	/	318.892
	=	1.28

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.

Ruifeng Power Group Co'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 )
	=	318.892	/	463.959
	=	0.69

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.

Ruifeng Power Group Co Total Inventories Related Terms

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Ruifeng Power Group Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Ruifeng Power Group Co Ltd (HKSE:02025) » Definitions » Total Inventories

Comparable Companies

Traded in Other Exchanges

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Address

No. 69, Middle of East Taishan Road, Hebei Province, Shenzhou, CHN, 053800

Website

http://www.hbsgt.com

Ruifeng Power Group Co Ltd, along with its subsidiaries, is principally engaged in the design, manufacture, and sale of cylinder blocks and cylinder heads. The group operates in the business segments of Cylinder blocks; Cylinder heads and Ancillary cylinder block components. It derives a majority of the revenue from the Cylinder blocks segment which includes mainly the research, development, manufacture, and sale of cylinder blocks. It offers cylinder blocks for passenger vehicles, commercial vehicles, and industrial vehicles. The group's revenue is majorly generated from sales to customers in the PRC.

Executives

Radiant Path Holdings Limited	2101 Beneficial owner
Zhu Yunchuan	2202 Interest of your spouse
Zhang Zhanbiao	2201 Interest of corporation controlled by you
Rosy Raise Limited	2101 Beneficial owner
Liu Meiling	2201 Interest of corporation controlled by you
Li Xunye	2202 Interest of your spouse
Great Ally Enterprises Limited	2101 Beneficial owner
Yin Shujuan	2202 Interest of your spouse
Wang Shiying	2201 Interest of corporation controlled by you
Dragon Rise Ventures Limited	2101 Beneficial owner
Zhao Jingmei	2202 Interest of your spouse
Zhang Yuexuan	2201 Interest of corporation controlled by you
Xiao Zhiru	2202 Interest of your spouse
Wang Sujuan	2202 Interest of your spouse
Meng Lianzhou	2201 Interest of corporation controlled by you

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