China Treasures New Materials Group (HKSE:02439) Total Inventories : HK$33.7 Mil (As of Jun. 2024)

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What is China Treasures New Materials Group Total Inventories?

China Treasures New Materials Group's total inventories for the quarter that ended in Jun. 2024 was HK$33.7 Mil. China Treasures New Materials Group's average total inventories from the quarter that ended in Dec. 2023 to the quarter that ended in Jun. 2024 was HK$28.4 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. China Treasures New Materials Group's Net-Net Working Capital per share for the quarter that ended in Jun. 2024 was HK$0.36.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. China Treasures New Materials Group's Days Inventory for the six months ended in Jun. 2024 was 40.70.

Inventory Turnover measures how fast the company turns over its inventory within a year. China Treasures New Materials Group's Inventory Turnover for the quarter that ended in Jun. 2024 was 4.48.

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. China Treasures New Materials Group's Inventory-to-Revenue for the quarter that ended in Jun. 2024 was 0.13.

China Treasures New Materials Group Total Inventories Historical Data

The historical data trend for China Treasures New Materials Group'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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China Treasures New Materials Group Total Inventories Chart

China Treasures New Materials Group Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Total Inventories

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37.51

17.12

42.21

23.17

23.67

China Treasures New Materials Group Semi-Annual Data
	Dec19	Dec20	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Total Inventories	Get a 7-Day Free Trial				42.21	29.99	23.17	33.72	23.67

China Treasures New Materials Group 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.

China Treasures New Materials Group (HKSE:02439) 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.

China Treasures New Materials Group'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)
=	(410.932	+	0.75 * 117.787	+	0.5 * 33.722	-	148.357
-	0	-	3.419)	/	1000.000
=	0.36

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

China Treasures New Materials Group'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
	=	28.448	/	127.549	*	365 / 2
	=	40.70

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

China Treasures New Materials Group'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 )
	=	127.549	/	28.448
	=	4.48

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.

China Treasures New Materials Group'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 )
	=	28.448	/	211.937
	=	0.13

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.

China Treasures New Materials Group Total Inventories Related Terms

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China Treasures New Materials Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » China Treasures New Materials Group Ltd (HKSE:02439) » Definitions » Total Inventories

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 3, Jinger Road, South Karen Industrial Zone, Jiutai Economic Development Zone, Jilin Province, Changchun City, CHN

Website

http://www.jl-ks.cn

China Treasures New Materials Group Ltd mainly engages in developing and manufacturing biodegradable plastic products in Northeast China. Its biodegradable plastic products mainly come in biodegradable roll bags. The company provides biodegradable plastic products including biodegradable masterbatches that can be used to produce biodegradable plastic products. It has two segments development and manufacture of biodegradable plastic products; and development and manufacture of non-biodegradable automobile plastic parts.

Executives

Zhang Yuqiu
Lvsetianye Technology Holdings Limited
Lvsesenlin Technology Holdings Limited
Shan Yuzhu
Daziran Technology Invest Holdings Limited
China Plastic Environmental Protection Holdings Limited	2101 Beneficial owner
Zhe Jiang An Ji Jing Ji Kai Fa Qu Guan Li Wei Yuan Hui	2201 Interest of corporation controlled by you

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