Scientific Energy (Scientific Energy) Total Inventories : $0.09 Mil (As of Mar. 2024)

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What is Scientific Energy Total Inventories?

Scientific Energy's total inventories for the quarter that ended in Mar. 2024 was $0.09 Mil. Scientific Energy's average total inventories from the quarter that ended in Dec. 2023 to the quarter that ended in Mar. 2024 was $0.08 Mil.

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

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Scientific Energy's Days Inventory for the three months ended in Mar. 2024 was 1.21.

Inventory Turnover measures how fast the company turns over its inventory within a year. Scientific Energy's Inventory Turnover for the quarter that ended in Mar. 2024 was 75.26.

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. Scientific Energy's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.01.

Scientific Energy Total Inventories Historical Data

The historical data trend for Scientific Energy'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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Scientific Energy Total Inventories Chart

Scientific Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Inventories

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0.26

0.11

0.07

Scientific Energy Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Total Inventories	Get a 7-Day Free Trial															0.08	0.07	0.11	0.07	0.09

Scientific Energy 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.

Scientific Energy (OTCPK:SCGY) 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.

Scientific Energy's Net-Net Working Capital Per Share for the quarter that ended in Mar. 2024 is

	Net-Net Working Capital Per Share (Q: Mar. 2024 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(2.983	+	0.75 * 2.149	+	0.5 * 0.089	-	15.718
-	0	-	-0.604)	/	263.337
=	-0.04

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

Scientific Energy's Days Inventory for the three months ended in Mar. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2024 )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
	=	0.0785	/	5.908	*	365 / 4
	=	1.21

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

Scientific Energy's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Mar. 2024 )	/	Average Total Inventories (Q: Mar. 2024 )
	=	5.908	/	0.0785
	=	75.26

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.

Scientific Energy's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	0.0785	/	10.405
	=	0.01

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.

Scientific Energy Total Inventories Related Terms

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Scientific Energy (Scientific Energy) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Scientific Energy Inc (OTCPK:SCGY) » Definitions » Total Inventories

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Traded in Other Exchanges

N/A

Address

105 Xian Xinghai Great Road, Room K, 9F, Golden Dragon Centre, Macau, CHN

Website

http://www.makeliving.com

Scientific Energy Inc involves in the e-commerce industry. It is a firm principally engaged in developing a website (Makeliving) for providing an e-commerce platform provisioning exchange of goods and services along with its subsidiary. Makeliving is intended to act both as a platform and as a conduit between individuals or companies who desire to acquire goods and services to individuals or companies who desire to offer goods and services.

Executives

Haitao Jiang	10 percent owner	RUA DE MADRID, NO.21, WAN YU VILLAS, 9J, MACAU N5 999078
Aspect Group Ltd	10 percent owner	HY DIAMOND EXCHANGE BLDG, SUITE A, 7TH FLOOR, HONG KONG XX CHINA
Liang Huang	10 percent owner	NO. 43 KUIHUALI, APT. 502, ZHUHUI DISTRICT, HENGYANG, HUNAN PROVINCE F4 421002
Chan Stanley P.c.	10 percent owner	C/O 475 EAST 70TH STREET, #7C, NEW YORK NY 10021
Dale C Gledhill	director	630 NORTH 400 WEST, SALT LAKE CITY UT 84103
Todd B Crosland	director, 10 percent owner, officer: President	630 NORTH 400 WEST, SALT LAKE CITY UT 84103
Mark Clawson	director	630 N. 400 WEST, SALT LAKE CITY UT 84103
Jana K Meyer	director, officer: Secretary	630 N. 400 WEST, SALT LAKE CITY UT 84103

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