Biosino Bio-Technology and Science (HKSE:08247) Total Inventories : HK$66.1 Mil (As of Dec. 2023)

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What is Biosino Bio-Technology and Science Total Inventories?

Biosino Bio-Technology and Science's total inventories for the quarter that ended in Dec. 2023 was HK$66.1 Mil. Biosino Bio-Technology and Science's average total inventories from the quarter that ended in Sep. 2023 to the quarter that ended in Dec. 2023 was HK$33.0 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Biosino Bio-Technology and Science's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was HK$-0.95.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Biosino Bio-Technology and Science's Days Inventory for the three months ended in Dec. 2023 was 51.97.

Inventory Turnover measures how fast the company turns over its inventory within a year. Biosino Bio-Technology and Science's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.76.

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. Biosino Bio-Technology and Science's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.38.

Biosino Bio-Technology and Science Total Inventories Historical Data

The historical data trend for Biosino Bio-Technology and Science'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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Biosino Bio-Technology and Science Total Inventories Chart

Biosino Bio-Technology and Science Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Inventories

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62.94

77.80

73.47

61.96

66.08

Biosino Bio-Technology and Science Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Total Inventories	Get a 7-Day Free Trial															61.96	-	71.11	-	66.08

Biosino Bio-Technology and Science 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.

Biosino Bio-Technology and Science (HKSE:08247) 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.

Biosino Bio-Technology and Science'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)
=	(69.357	+	0.75 * 195.565	+	0.5 * 66.075	-	362.967
-	0	-	22.988)	/	144.707
=	-0.95

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

Biosino Bio-Technology and Science's Days Inventory for the three 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
	=	33.0375	/	58.01	*	365 / 4
	=	51.97

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

Biosino Bio-Technology and Science'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 )
	=	58.01	/	33.0375
	=	1.76

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.

Biosino Bio-Technology and Science'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 )
	=	33.0375	/	85.871
	=	0.38

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.

Biosino Bio-Technology and Science Total Inventories Related Terms

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Biosino Bio-Technology and Science (HKSE:08247) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Diagnostics & Research » Biosino Bio-Technology and Science Inc (HKSE:08247) » Definitions » Total Inventories

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 27 Chaoqian Road, Science and Technology Industrial Park, Changping District, Beijing, CHN, 102200

Website

http://www.zhongsheng.com.cn

Biosino Bio-Technology and Science Inc is engaged in the manufacture, sale, and distribution of in-vitro diagnostic (IVD) reagent products. the company's revenue is generated from customers located in Mainland China.

Executives

Beijing Enterprises Group Company Limited	2201 Interest of corporation controlled by you
Beijing Enterprises Holdings Limited	2101 Beneficial owner
Hk Zhixin Investment Co., Ltd.	2101 Beneficial owner
Li Dongfeng	2201 Interest of corporation controlled by you
Yan Kang	2201 Interest of corporation controlled by you
Qiu Zhe Feng	2201 Interest of corporation controlled by you
Hai Nan Zhi Xin Tou Zi He Huo Qi Ye You Xian He Huo	2201 Interest of corporation controlled by you
Yun Nan Sheng Neng Tou Zi He Huo Qi Ye You Xian He Huo	2101 Beneficial owner
Li Yang Yi Xiong	2201 Interest of corporation controlled by you

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