NFGRF (BeijingWest Industries International) Total Inventories : $24.7 Mil (As of Jun. 2024)

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What is BeijingWest Industries International Total Inventories?

BeijingWest Industries International's total inventories for the quarter that ended in Jun. 2024 was $24.7 Mil. BeijingWest Industries International's average total inventories from the quarter that ended in Dec. 2023 to the quarter that ended in Jun. 2024 was $23.9 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. BeijingWest Industries International's Net-Net Working Capital per share for the quarter that ended in Jun. 2024 was $-0.12.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. BeijingWest Industries International's Days Inventory for the six months ended in Jun. 2024 was 27.77.

Inventory Turnover measures how fast the company turns over its inventory within a year. BeijingWest Industries International's Inventory Turnover for the quarter that ended in Jun. 2024 was 6.57.

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. BeijingWest Industries International's Inventory-to-Revenue for the quarter that ended in Jun. 2024 was 0.13.

BeijingWest Industries International Total Inventories Historical Data

The historical data trend for BeijingWest Industries International'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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BeijingWest Industries International Total Inventories Chart

BeijingWest Industries International Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Inventories

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23.97

26.48

25.12

22.75

23.09

BeijingWest Industries International Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Total Inventories	Get a 7-Day Free Trial															21.32	22.75	25.54	23.09	24.67

BeijingWest Industries International 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.

BeijingWest Industries International (OTCPK:NFGRF) 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.

BeijingWest Industries International'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)
=	(14.018	+	0.75 * 90.477	+	0.5 * 24.667	-	166.425
-	0	-	0)	/	586.350
=	-0.12

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

BeijingWest Industries International'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
	=	23.8805	/	156.914	*	365 / 2
	=	27.77

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

BeijingWest Industries International'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 )
	=	156.914	/	23.8805
	=	6.57

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.

BeijingWest Industries International'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 )
	=	23.8805	/	185.306
	=	0.13

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.

BeijingWest Industries International Total Inventories Related Terms

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BeijingWest Industries International Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » BeijingWest Industries International Ltd (OTCPK:NFGRF) » Definitions » Total Inventories

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02339:Hong Kong

Address

39 Gloucester Road, Rooms 1005-06, 10th Floor, Harcourt Building, Wanchai, Hong Kong, HKG

Website

https://www.bwi-intl.com.hk

BeijingWest Industries International Ltd is a China-based company engaged in the manufacturing, sale and trading of automotive parts and components. It is involved in one business segment, namely, Manufacturing and sales of auto parts. The company's products include Suspension and brake products. It also provides technical services related to its products. The company operates in the United Kingdom, Germany, United States, Mainland China, and other countries. The company generates the majority of its revenue from the sale of its industrial products.