Cryofocus Medtech (Shanghai) Co (HKSE:06922) Total Inventories : HK$27.53 Mil (As of Jun. 2023)

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What is Cryofocus Medtech (Shanghai) Co Total Inventories?

Cryofocus Medtech (Shanghai) Co's total inventories for the quarter that ended in Jun. 2023 was HK$27.53 Mil. Cryofocus Medtech (Shanghai) Co's average total inventories from the quarter that ended in Dec. 2022 to the quarter that ended in Jun. 2023 was HK$24.89 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Cryofocus Medtech (Shanghai) Co's Net-Net Working Capital per share for the quarter that ended in Jun. 2023 was HK$0.55.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Cryofocus Medtech (Shanghai) Co's Days Inventory for the six months ended in Jun. 2023 was 971.21.

Inventory Turnover measures how fast the company turns over its inventory within a year. Cryofocus Medtech (Shanghai) Co's Inventory Turnover for the quarter that ended in Jun. 2023 was 0.19.

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. Cryofocus Medtech (Shanghai) Co's Inventory-to-Revenue for the quarter that ended in Jun. 2023 was 1.20.

Cryofocus Medtech (Shanghai) Co Total Inventories Historical Data

The historical data trend for Cryofocus Medtech (Shanghai) 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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Cryofocus Medtech (Shanghai) Co Total Inventories Chart

Cryofocus Medtech (Shanghai) Co Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Total Inventories

9.61

14.32

22.25

26.64

Cryofocus Medtech (Shanghai) Co Semi-Annual Data
	Dec20	Dec21	Jun22	Dec22	Jun23	Dec23
Total Inventories	Get a 7-Day Free Trial			14.32	-	22.25	27.53	26.64

Cryofocus Medtech (Shanghai) 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.

Cryofocus Medtech (Shanghai) Co (HKSE:06922) 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.

Cryofocus Medtech (Shanghai) Co's Net-Net Working Capital Per Share for the quarter that ended in Jun. 2023 is

	Net-Net Working Capital Per Share (Q: Jun. 2023 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(173.926	+	0.75 * 0.021	+	0.5 * 27.525	-	38.309
-	0	-	17.751)	/	239.11
=	0.55

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

Cryofocus Medtech (Shanghai) Co's Days Inventory for the six months ended in Jun. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jun. 2023 )	/	Cost of Goods Sold (Q: Jun. 2023 )	*	Days in Period
	=	24.8895	/	4.677	*	365 / 2
	=	971.21

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

Cryofocus Medtech (Shanghai) Co's Inventory Turnover for the quarter that ended in Jun. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Jun. 2023 )	/	Average Total Inventories (Q: Jun. 2023 )
	=	4.677	/	24.8895
	=	0.19

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.

Cryofocus Medtech (Shanghai) Co's Inventory to Revenue for the quarter that ended in Jun. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jun. 2023 )	/	Revenue (Q: Jun. 2023 )
	=	24.8895	/	20.688
	=	1.20

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.

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Cryofocus Medtech (Shanghai) Co (HKSE:06922) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Cryofocus Medtech (Shanghai) Co Ltd (HKSE:06922) » Definitions » Total Inventories

Comparable Companies

Traded in Other Exchanges

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Address

Building 15, Lane 3399, Kangxin Road, Pudong New Area, Shanghai, CHN, 200120

Website

https://www.cryofocus.com

Cryofocus Medtech (Shanghai) Co Ltd is a medical device company engaged in the research and development, manufacture and sale of cryoablation minimally-invasive interventional treatment technology and related medical products. It has two Core Products, the Bladder Cryoablation System and the Endoscopic Clip for Anastomosis. The Bladder Cryoablation System is a cryotherapy device designed for the treatment of bladder cancer. The Endoscopic Clip for Anastomosis is an anastomotic device for the closure of soft tissue in the digestive tract, which is one of the over-the-scope clips. Geographically company's key revenue is generated from China.

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