Zhejiang Yonghe Refrigerant Co (SHSE:605020) Total Inventories : ¥699 Mil (As of Sep. 2024)

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What is Zhejiang Yonghe Refrigerant Co Total Inventories?

Zhejiang Yonghe Refrigerant Co's total inventories for the quarter that ended in Sep. 2024 was ¥699 Mil. Zhejiang Yonghe Refrigerant Co's average total inventories from the quarter that ended in Jun. 2024 to the quarter that ended in Sep. 2024 was ¥771 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Zhejiang Yonghe Refrigerant Co's Net-Net Working Capital per share for the quarter that ended in Sep. 2024 was ¥-9.52.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Zhejiang Yonghe Refrigerant Co's Days Inventory for the three months ended in Sep. 2024 was 68.63.

Inventory Turnover measures how fast the company turns over its inventory within a year. Zhejiang Yonghe Refrigerant Co's Inventory Turnover for the quarter that ended in Sep. 2024 was 1.33.

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. Zhejiang Yonghe Refrigerant Co's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 0.64.

Zhejiang Yonghe Refrigerant Co Total Inventories Historical Data

The historical data trend for Zhejiang Yonghe Refrigerant 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.

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Zhejiang Yonghe Refrigerant Co Total Inventories Chart

Zhejiang Yonghe Refrigerant Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Inventories

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187.15

226.45

446.07

513.27

677.77

Zhejiang Yonghe Refrigerant 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															663.57	677.77	847.43	843.34	699.33

Zhejiang Yonghe Refrigerant 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.

Zhejiang Yonghe Refrigerant Co (SHSE:605020) 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.

Zhejiang Yonghe Refrigerant 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)
=	(257.881	+	0.75 * 352.773	+	0.5 * 699.326	-	4492.668
-	0	-	1.734)	/	380.299
=	-9.52

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

Zhejiang Yonghe Refrigerant 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
	=	771.3345	/	1025.53	*	365 / 4
	=	68.63

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

Zhejiang Yonghe Refrigerant 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 )
	=	1025.53	/	771.3345
	=	1.33

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.

Zhejiang Yonghe Refrigerant 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 )
	=	771.3345	/	1202.755
	=	0.64

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.

Zhejiang Yonghe Refrigerant Co Total Inventories Related Terms

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Zhejiang Yonghe Refrigerant Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Zhejiang Yonghe Refrigerant Co Ltd (SHSE:605020) » Definitions » Total Inventories

Traded in Other Exchanges

N/A

Address

893 Century Avenue, Zhejiang Province, Quzhou, CHN, 324000

Website

http://www.qhyh.com

Zhejiang Yonghe Refrigerant Co Ltd is engaged in the research and development, production, and sales of fluorine chemicals. The product chain covers fluorite resources, hydrofluoric acid, fluorocarbon chemicals, fluorine-containing polymer materials and others.

Executives

Ying Zhen Zhou	senior management
Cheng Wen Xia	senior management
Xu Shui Tu	Directors, senior managers
Yu Feng	Director
Jiang Gen Fa	senior management
Chen Wen Liang	Director
Xie Dong Ying	senior management
Tong Jian Guo	Directors, senior managers
Zheng Qing	Supervisors

Zhejiang Yonghe Refrigerant Co Headlines

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