Ningbo Tianlong Electronics Co (SHSE:603266) Total Inventories : ¥249 Mil (As of Sep. 2024)

View and export this data going back to 2017. Start your Free Trial

What is Ningbo Tianlong Electronics Co Total Inventories?

Ningbo Tianlong Electronics Co's total inventories for the quarter that ended in Sep. 2024 was ¥249 Mil. Ningbo Tianlong Electronics Co's average total inventories from the quarter that ended in Jun. 2024 to the quarter that ended in Sep. 2024 was ¥242 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Ningbo Tianlong Electronics Co's Net-Net Working Capital per share for the quarter that ended in Sep. 2024 was ¥1.95.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Ningbo Tianlong Electronics Co's Days Inventory for the three months ended in Sep. 2024 was 87.02.

Inventory Turnover measures how fast the company turns over its inventory within a year. Ningbo Tianlong Electronics Co's Inventory Turnover for the quarter that ended in Sep. 2024 was 1.05.

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. Ningbo Tianlong Electronics Co's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 0.74.

Ningbo Tianlong Electronics Co Total Inventories Historical Data

The historical data trend for Ningbo Tianlong Electronics Co'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.

Ningbo Tianlong Electronics Co Total Inventories Chart

Ningbo Tianlong Electronics Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Inventories

Get a 7-Day Free Trial

191.68

217.47

251.78

269.81

264.37

Ningbo Tianlong Electronics Co Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Total Inventories	Get a 7-Day Free Trial															252.77	264.37	246.54	235.29	249.42

Ningbo Tianlong Electronics Co 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.

Ningbo Tianlong Electronics Co (SHSE:603266) 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.

Ningbo Tianlong Electronics Co's Net-Net Working Capital Per Share for the quarter that ended in Sep. 2024 is

	Net-Net Working Capital Per Share (Q: Sep. 2024 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(436.723	+	0.75 * 478.931	+	0.5 * 249.417	-	532.072
-	0	-	0)	/	198.887
=	1.95

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

Ningbo Tianlong Electronics Co's Days Inventory for the three months ended in Sep. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2024 )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
	=	242.3535	/	254.125	*	365 / 4
	=	87.02

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

Ningbo Tianlong Electronics Co's Inventory Turnover for the quarter that ended in Sep. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Sep. 2024 )	/	Average Total Inventories (Q: Sep. 2024 )
	=	254.125	/	242.3535
	=	1.05

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.

Ningbo Tianlong Electronics Co's Inventory to Revenue for the quarter that ended in Sep. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2024 )	/	Revenue (Q: Sep. 2024 )
	=	242.3535	/	326.31
	=	0.74

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.

Ningbo Tianlong Electronics Co Total Inventories Related Terms

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

Ningbo Tianlong Electronics Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Ningbo Tianlong Electronics Co Ltd (SHSE:603266) » Definitions » Total Inventories

Traded in Other Exchanges

N/A

Address

No. 116, Batang Road, Building 3, Hangzhou Bay New Area, Zhejiang Province, Ningbo, CHN, 315336

Website

https://www.ptianlong.com

Ningbo Tianlong Electronics Co Ltd produces and sells plastic parts for electronic products in China. It offers industrial parts for use in medium-low and low voltage products, adapters, and low-voltage terminals and distribution cabinets. It also provides plastic casings for cellular phones and digital cameras; and high precision plastic parts, such as car cooling fans, gear housings, BCM housings, GID/TID housings, brush holders, filter components, and other small components for vehicles. In addition, the company produces molds for consumer products, precision automotive parts, precision industrial products; and plastic parts for printers and other consumer products, wall plates, and power sockets, as well as engages in the turnkey assembly of cell phone and digital camera mockup.

Executives

Yu Zhong Can	Director
Yu Jian Feng	senior management
Shen Chao Hui	Director

Ningbo Tianlong Electronics Co Headlines

No Headlines