HI-Green Carbon (NSE:HIGREEN) Total Inventories : ₹122.8 Mil (As of Mar. 2023)

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What is HI-Green Carbon Total Inventories?

HI-Green Carbon's total inventories for the quarter that ended in Mar. 2023 was ₹122.8 Mil. HI-Green Carbon's average total inventories from the quarter that ended in Mar. 2022 to the quarter that ended in Mar. 2023 was ₹108.3 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. HI-Green Carbon's Net-Net Working Capital per share for the quarter that ended in Mar. 2023 was ₹-4.34.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. HI-Green Carbon's Days Inventory for the six months ended in Mar. 2023 was 37.26.

Inventory Turnover measures how fast the company turns over its inventory within a year. HI-Green Carbon's Inventory Turnover for the quarter that ended in Mar. 2023 was 4.90.

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. HI-Green Carbon's Inventory-to-Revenue for the quarter that ended in Mar. 2023 was 0.14.

HI-Green Carbon Total Inventories Historical Data

The historical data trend for HI-Green Carbon'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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HI-Green Carbon Total Inventories Chart

HI-Green Carbon Annual Data

Trend

Mar21

Mar22

Mar23

Total Inventories

103.45

93.83

122.78

HI-Green Carbon Semi-Annual Data
	Mar21	Mar22	Mar23
Total Inventories	103.45	93.83	122.78

HI-Green Carbon 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.

HI-Green Carbon (NSE:HIGREEN) 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.

HI-Green Carbon's Net-Net Working Capital Per Share for the quarter that ended in Mar. 2023 is

	Net-Net Working Capital Per Share (Q: Mar. 2023 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(0.901	+	0.75 * 56.212	+	0.5 * 122.777	-	212.881
-	0	-	0)	/	24.99
=	-4.34

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

HI-Green Carbon's Days Inventory for the six months ended in Mar. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2023 )	/	Cost of Goods Sold (Q: Mar. 2023 )	*	Days in Period
	=	108.304	/	530.415	*	365 / 2
	=	37.26

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

HI-Green Carbon's Inventory Turnover for the quarter that ended in Mar. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Mar. 2023 )	/	Average Total Inventories (Q: Mar. 2023 )
	=	530.415	/	108.304
	=	4.90

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.

HI-Green Carbon's Inventory to Revenue for the quarter that ended in Mar. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2023 )	/	Revenue (Q: Mar. 2023 )
	=	108.304	/	785.241
	=	0.14

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.

HI-Green Carbon Total Inventories Related Terms

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HI-Green Carbon (NSE:HIGREEN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » HI-Green Carbon Ltd (NSE:HIGREEN) » Definitions » Total Inventories

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Traded in Other Exchanges

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Address

G-557, Lodhika Industrial Estate, Metoda G.I.D.C. Gate No. 3, Metoda, Lodhika, Rajkot, GJ, IND, 360021

Website

https://www.higreencarbon.com

HI-Green Carbon Ltd is engaged in the business of waste tyres recycling. Its manufacturing plant operates on a continuous pyrolysis process. It is an uninterrupted working method with a continuous feeding and discharging system controlled by the program logic controller system. The company processes end-of-life tyres (ELTs) pieces to produce energy components and raw materials. Its major products are Recovered Carbon Black (rCB) and Steel Wires under the Raw Material Category and fuel Oil and Synthesis Gas under the Energy components category.

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