HUMDF (Hua Medicine) Total Inventories : $10.10 Mil (As of Jun. 2024)

View and export this data going back to 2018. Start your Free Trial

What is Hua Medicine Total Inventories?

Hua Medicine's total inventories for the quarter that ended in Jun. 2024 was $10.10 Mil. Hua Medicine's average total inventories from the quarter that ended in Dec. 2023 to the quarter that ended in Jun. 2024 was $8.17 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Hua Medicine's Net-Net Working Capital per share for the quarter that ended in Jun. 2024 was $-0.04.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Hua Medicine's Days Inventory for the six months ended in Jun. 2024 was 197.12.

Inventory Turnover measures how fast the company turns over its inventory within a year. Hua Medicine's Inventory Turnover for the quarter that ended in Jun. 2024 was 0.93.

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. Hua Medicine's Inventory-to-Revenue for the quarter that ended in Jun. 2024 was 0.58.

Hua Medicine Total Inventories Historical Data

The historical data trend for Hua Medicine'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.

* Premium members only.

Hua Medicine Total Inventories Chart

Hua Medicine Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Inventories

Get a 7-Day Free Trial

0.28

6.25

Hua Medicine Semi-Annual Data
	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Total Inventories	Get a 7-Day Free Trial											-	0.28	2.36	6.25	10.10

Hua Medicine 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.

Hua Medicine (OTCPK:HUMDF) 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.

Hua Medicine'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)
=	(184.544	+	0.75 * 6.862	+	0.5 * 10.095	-	232.671
-	0	-	0)	/	981.123
=	-0.04

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

Hua Medicine'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
	=	8.173	/	7.567	*	365 / 2
	=	197.12

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

Hua Medicine'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 )
	=	7.567	/	8.173
	=	0.93

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.

Hua Medicine'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 )
	=	8.173	/	14.151
	=	0.58

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.

Hua Medicine Total Inventories Related Terms

Thank you for viewing the detailed overview of Hua Medicine's Total Inventories provided by GuruFocus.com. Please click on the following links to see related term pages.

Hua Medicine Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Hua Medicine (OTCPK:HUMDF) » Definitions » Total Inventories

Traded in Other Exchanges

02552:Hong Kong

Address

Lane 36, Xuelin Road, Hua Medicine, Building 2, Pudong New Area, Shanghai, CHN, 201203

Website

https://www.huamedicine.com

Hua Medicine is an investment holding company. It is engaged in the development and commercialization of a first-in-class oral drug, Dorzagliatin or HMS5552, for the treatment of Type 2 diabetes. The group majorly operates in the PRC.