IT Tech Packaging's total inventories for the quarter that ended in Sep. 2024 was $5.73 Mil. IT Tech Packaging's average total inventories from the quarter that ended in Jun. 2024 to the quarter that ended in Sep. 2024 was $5.51 Mil.
In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. IT Tech Packaging's Net-Net Working Capital per share for the quarter that ended in Sep. 2024 was $-1.70.
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
IT Tech Packaging's Days Inventory for the
three
months ended in Sep. 2024 was 21.69.
Inventory Turnover measures how fast the company turns over its inventory within a year.
IT Tech Packaging's Inventory Turnover for the quarter that ended in Sep. 2024 was 4.21.
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.
IT Tech Packaging's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 0.22.
IT Tech Packaging Total Inventories Historical Data
The historical data trend for IT Tech Packaging'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.
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.
IT Tech Packaging (AMEX:ITP) 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.
IT Tech Packaging's Net-Net Working Capital Per Share for the quarter that ended in Sep. 2024 is
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.
IT Tech Packaging's Inventory to Revenue for the quarter that ended in Sep. 2024 is calculated as
* 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.
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.
IT Tech Packaging Total Inventories Related Terms
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IT Tech Packaging Inc is a holding company engaged in the business of paper manufacturing in China. The company operates as a producer and distributor of paper products. It involves in production and distribution of three categories of paper products: packing paper (corrugating medium paper), offset printing paper, and tissue paper products. It also produces digital photo paper. Its business is structured into three segments Dongfang Paper and Tengsheng Paper, which produces offset printing paper, corrugating medium paper and tissue paper, and Baoding Shengde, which produces face masks and digital photo paper.
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