Qiniu (HKSE:02567) Total Inventories : HK$26 Mil (As of Dec. 2023)

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What is Qiniu Total Inventories?

Qiniu's total inventories for the quarter that ended in Dec. 2023 was HK$26 Mil. Qiniu's average total inventories from the quarter that ended in Dec. 2022 to the quarter that ended in Dec. 2023 was HK$32 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Qiniu's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was HK$-1.68.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Qiniu's Days Inventory for the six months ended in Dec. 2023 was 5.62.

Inventory Turnover measures how fast the company turns over its inventory within a year. Qiniu's Inventory Turnover for the quarter that ended in Dec. 2023 was 32.48.

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. Qiniu's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.02.

Qiniu Total Inventories Historical Data

The historical data trend for Qiniu'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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Qiniu Total Inventories Chart

Qiniu Annual Data

Trend

Dec21

Dec22

Dec23

Dec24

Total Inventories

43.96

39.09

25.79

7.83

Qiniu Semi-Annual Data
	Dec21	Dec22	Dec23	Dec24
Total Inventories	43.96	39.09	25.79	7.83

Qiniu 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.

Qiniu (HKSE:02567) 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.

Qiniu's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2023 is

	Net-Net Working Capital Per Share (Q: Dec. 2023 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(274.25	+	0.75 * 305.719	+	0.5 * 25.791	-	3875.178
-	0	-	0)	/	1996.644
=	-1.68

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

Qiniu's Days Inventory for the six months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	32.4395	/	1053.746	*	365 / 2
	=	5.62

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

Qiniu's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Dec. 2023 )	/	Average Total Inventories (Q: Dec. 2023 )
	=	1053.746	/	32.4395
	=	32.48

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.

Qiniu's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	32.4395	/	1333.991
	=	0.02

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.

Qiniu Total Inventories Related Terms

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Qiniu Business Description

Industry

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Address

No.66 Boxia Road, Floors 1-4, Building Q, Pudong New District, Shanghai, CHN

Website

http://www.qiniu.ltd

Qiniu Ltd provides audiovisual cloud services in China. Audiovisual cloud services refer to the producing, storing, processing, distributing, analyzing, auditing, retrieving, and recommending unstructured audiovisual content in multi-media formats. PaaS is a computing service model by which cloud service providers offer a suite of hardware and software resources to their users via a platform, enabling the users to focus on writing codes, configuring the service metrics and monitoring of applications without the need to divert time and resources to the development and maintenance of the infrastructure underlying the platform, including maintenance of hardware, updates of operating system, data backup and recovery, internet security, disaster recovery, etc.

Executives

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Lyu Guihua	2201 Interest of corporation controlled by you
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Chen Mingxing	2202 Interest of your spouse
Xu Shiwei	2201 Interest of corporation controlled by you
Zhou Pei	2202 Interest of your spouse
Qiming Venture Partners Iii, L.p.	2101 Beneficial owner
Qiming Gp Iii, L.p.	2201 Interest of corporation controlled by you
Qiming Corporate Gp Iii, Ltd.	2201 Interest of corporation controlled by you
China Structural Reform Fund Corporation Limited
Everestlu Holding Limited
Mpc Gpgp Ii Ltd.	2201 Interest of corporation controlled by you
Mpc Management Ii L.p.	2201 Interest of corporation controlled by you
Su David Tuong Sing	2201 Interest of corporation controlled by you
Mpc Ii L.p.	2101 Beneficial owner

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