Sino-Synergy Hydrogen Energy Technology (Jiaxing) Co (HKSE:09663) Total Inventories : HK$308.2 Mil (As of Dec. 2023)

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What is Sino-Synergy Hydrogen Energy Technology (Jiaxing) Co Total Inventories?

Sino-Synergy Hydrogen Energy Technology (Jiaxing) Co's total inventories for the quarter that ended in Dec. 2023 was HK$308.2 Mil. Sino-Synergy Hydrogen Energy Technology (Jiaxing) Co's average total inventories from the quarter that ended in Dec. 2022 to the quarter that ended in Dec. 2023 was HK$366.1 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Sino-Synergy Hydrogen Energy Technology (Jiaxing) Co's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was HK$3.00.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Sino-Synergy Hydrogen Energy Technology (Jiaxing) Co's Days Inventory for the six months ended in Dec. 2023 was 116.38.

Inventory Turnover measures how fast the company turns over its inventory within a year. Sino-Synergy Hydrogen Energy Technology (Jiaxing) Co's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.57.

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. Sino-Synergy Hydrogen Energy Technology (Jiaxing) Co's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.48.

Sino-Synergy Hydrogen Energy Technology (Jiaxing) Co Total Inventories Historical Data

The historical data trend for Sino-Synergy Hydrogen Energy Technology (Jiaxing) 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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Sino-Synergy Hydrogen Energy Technology (Jiaxing) Co Total Inventories Chart

Sino-Synergy Hydrogen Energy Technology (Jiaxing) Co Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Total Inventories

258.30

475.68

424.01

308.18

Sino-Synergy Hydrogen Energy Technology (Jiaxing) Co Semi-Annual Data
	Dec20	Dec21	Dec22	Dec23
Total Inventories	258.30	475.68	424.01	308.18

Sino-Synergy Hydrogen Energy Technology (Jiaxing) 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.

Sino-Synergy Hydrogen Energy Technology (Jiaxing) Co (HKSE:09663) 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.

Sino-Synergy Hydrogen Energy Technology (Jiaxing) Co'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)
=	(1764.214	+	0.75 * 1687.725	+	0.5 * 308.177	-	1610.767
-	0	-	18.594)	/	518.042
=	3.00

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

Sino-Synergy Hydrogen Energy Technology (Jiaxing) Co'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
	=	366.0925	/	574.087	*	365 / 2
	=	116.38

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

Sino-Synergy Hydrogen Energy Technology (Jiaxing) Co'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 )
	=	574.087	/	366.0925
	=	1.57

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.

Sino-Synergy Hydrogen Energy Technology (Jiaxing) Co'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 )
	=	366.0925	/	766.319
	=	0.48

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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Sino-Synergy Hydrogen Energy Technology (Jiaxing) Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Sino-Synergy Hydrogen Energy Technology (Jiaxing) Co Ltd (HKSE:09663) » Definitions » Total Inventories

Comparable Companies

Traded in Other Exchanges

N/A

Address

Room 501-2, Block No. 37, Hangzhou Bay New Economic Park, Port District, Zhejiang Province, Jiaxing City, CHN

Website

https://www.sinosynergypower.com

Sino-Synergy Hydrogen Energy Technology (Jiaxing) Co Ltd is a technology-based hydrogen fuel cell company in the PRC focusing on research, development, production, and sales of hydrogen fuel cell stacks and hydrogen fuel cell systems. Its products include flexible graphite bipolar plates, hydrogen fuel cell stacks, and hydrogen fuel cell systems.

Executives

Jia Xing Wan Bei Ke Chuang Fa Zhan Ji Tuan You Xian Gong Si	2201 Interest of corporation controlled by you
Shen Zhen Rong Ding Ze Tou Zi Zhong Xin You Xian He Huo	2101 Beneficial owner
Qing Dao Cheng Tou Qing Dong Li He Huo Qi Ye You Xian He Huo	2101 Beneficial owner
Mei Jin Neng Yuan Ji Tuan You Xian Gong Si	2101 Beneficial owner
Jia Xing Bin Hai Kong Gu Ji Tuan You Xian Gong Si	2201 Interest of corporation controlled by you
Zhe Jiang Qing Neng Chan Ye Fa Zhan You Xian Gong Si	2101 Beneficial owner
Shan Xi Mei Jin Neng Yuan Gu Fen You Xian Gong Si	2101 Beneficial owner
Qing Dao Cheng Tou Xin Neng Yuan Ji Tuan You Xian Gong Si	2201 Interest of corporation controlled by you
Qing Dao Cheng Shi Jian She Tou Zi Ji Tuan You Xian Ze Ren Gong Si	2201 Interest of corporation controlled by you
Yun Fu Shi Yun Sheng Tou Zi Fa Zhan You Xian Gong Si	2201 Interest of corporation controlled by you
Guang Dong Hong Yun Qing Neng Yuan Ke Ji You Xian Gong Si	2101 Beneficial owner
Guang Dong Fo Shan Yun Fu Chan Ye Zhuan Yi Gong Ye Yuan Tou Zi Kai Fa You Xian Gong Si	2101 Beneficial owner
Fo Shan Hua Hui Ke Ji Tou Zi He Huo Qi Ye You Xian He Huo	2201 Interest of corporation controlled by you
Chen Xiaomin	2201 Interest of corporation controlled by you
Sung Billy	2101 Beneficial owner

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