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Tianyang New material (Shanghai) Technology Co (SHSE:603330) Total Inventories : ¥267 Mil (As of Mar. 2024)


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What is Tianyang New material (Shanghai) Technology Co Total Inventories?

Tianyang New material (Shanghai) Technology Co's total inventories for the quarter that ended in Mar. 2024 was ¥267 Mil. Tianyang New material (Shanghai) Technology Co's average total inventories from the quarter that ended in Dec. 2023 to the quarter that ended in Mar. 2024 was ¥246 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Tianyang New material (Shanghai) Technology Co's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was ¥-0.61.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Tianyang New material (Shanghai) Technology Co's Days Inventory for the three months ended in Mar. 2024 was 93.15.

Inventory Turnover measures how fast the company turns over its inventory within a year. Tianyang New material (Shanghai) Technology Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.98.

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. Tianyang New material (Shanghai) Technology Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.85.


Tianyang New material (Shanghai) Technology Co Total Inventories Historical Data

The historical data trend for Tianyang New material (Shanghai) Technology 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.

Tianyang New material (Shanghai) Technology Co Total Inventories Chart

Tianyang New material (Shanghai) Technology Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Total Inventories
Get a 7-Day Free Trial Premium Member Only Premium Member Only 154.62 181.34 273.29 412.23 225.59

Tianyang New material (Shanghai) Technology Co 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 371.38 330.17 297.64 225.59 267.20

Tianyang New material (Shanghai) Technology 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.


Tianyang New material (Shanghai) Technology Co  (SHSE:603330) 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.

Tianyang New material (Shanghai) Technology Co'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)
=(468.793+0.75 * 411.089+0.5 * 267.201-1161.378
-0-12.262)/432.674
=-0.61

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

Tianyang New material (Shanghai) Technology Co'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
=246.3965/241.375*365 / 4
=93.15

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

Tianyang New material (Shanghai) Technology Co'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 )
=241.375 / 246.3965
=0.98

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.

Tianyang New material (Shanghai) Technology Co'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 )
=246.3965 / 289.648
=0.85

* 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.


Tianyang New material (Shanghai) Technology Co Total Inventories Related Terms

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Tianyang New material (Shanghai) Technology Co (SHSE:603330) Business Description

Traded in Other Exchanges
N/A
Address
No. 505, Huiping Road, Nanxiang Town, Jiading District, Shanghai, CHN, 201802
Tianyang New material (Shanghai) Technology Co Ltd formerly Shanghai Tianyang Hot Melt Adhesives Co Ltd is principally engaged in research and development, manufacture and sales of thermoplastic environmental protection adhesive materials. It offers copolyester and copolyamide powders; and web, film, and PUR adhesives; adhesive tapes and EVA solar films; and hot melt adhesive particles, powders, and films. Its products are mainly applied in the fields of shoes and clothes, automotive trims, solar cell packaging, household textiles, electronics, industrial filtration, hot melt adhesive products, printing and packaging, furnishings and coating, among others.
Executives
Ma Xi Mei Director
Li Tie Shan Director
Li Zhe Long Director
Shang Xiao Lu Director
Sun Gao Feng Supervisors
Zhang Jian Hong Supervisors
Ma Sheng Jia Supervisors
Zhu Wan Yu Director

Tianyang New material (Shanghai) Technology Co (SHSE:603330) Headlines

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