Zhuzhou Huarui Precision Tools Co (SHSE:688059) Total Inventories : ¥344.7 Mil (As of Mar. 2024)

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What is Zhuzhou Huarui Precision Tools Co Total Inventories?

Zhuzhou Huarui Precision Tools Co's total inventories for the quarter that ended in Mar. 2024 was ¥344.7 Mil. Zhuzhou Huarui Precision Tools Co's average total inventories from the quarter that ended in Dec. 2023 to the quarter that ended in Mar. 2024 was ¥326.5 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Zhuzhou Huarui Precision Tools Co's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was ¥-8.09.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Zhuzhou Huarui Precision Tools Co's Days Inventory for the three months ended in Mar. 2024 was 278.86.

Inventory Turnover measures how fast the company turns over its inventory within a year. Zhuzhou Huarui Precision Tools Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.33.

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. Zhuzhou Huarui Precision Tools Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 1.92.

Zhuzhou Huarui Precision Tools Co Total Inventories Historical Data

The historical data trend for Zhuzhou Huarui Precision Tools 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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Zhuzhou Huarui Precision Tools Co Total Inventories Chart

Zhuzhou Huarui Precision Tools Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Inventories

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53.91

56.75

88.43

148.18

308.30

Zhuzhou Huarui Precision Tools Co Quarterly Data
	Mar19	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															185.01	219.26	266.81	308.30	344.65

Zhuzhou Huarui Precision Tools 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.

Zhuzhou Huarui Precision Tools Co (SHSE:688059) 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.

Zhuzhou Huarui Precision Tools 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)
=	(132.255	+	0.75 * 374.336	+	0.5 * 344.654	-	1085.999
-	0	-	0)	/	61.8494
=	-8.09

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

Zhuzhou Huarui Precision Tools 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
	=	326.4765	/	106.833	*	365 / 4
	=	278.86

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

Zhuzhou Huarui Precision Tools 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 )
	=	106.833	/	326.4765
	=	0.33

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.

Zhuzhou Huarui Precision Tools 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 )
	=	326.4765	/	170.222
	=	1.92

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.

Zhuzhou Huarui Precision Tools Co Total Inventories Related Terms

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Zhuzhou Huarui Precision Tools Co (SHSE:688059) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Zhuzhou Huarui Precision Tools Co Ltd (SHSE:688059) » Definitions » Total Inventories

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 68, Chuangye 2nd Road, Lusong District, Hunan Province, Zhuzhou, CHN, 412000

Website

https://www.chinacuttingtools.cn

Zhuzhou Huarui Precision Tools Co Ltd is engaged in research and development, production and sales of cemented carbide tools, solid carbide end mills, welded and clamped cutting tools and cemented carbide material. The company's products are mainly used in aerospace, rail transit, automobile, energy, precision electronics, precision mold and other industries.

Executives

Yang Xiong	Core technical personnel
Wang Dong	Core technical personnel
Chen Sheng Nan	Core technical personnel
Li Zhi Xiang	Directors, senior managers
Liu An Hu	Core technical personnel
Gao Jiang Xiong	Directors, senior managers
Duan Yan Lan	senior management
Ding Guo Feng	senior management

Zhuzhou Huarui Precision Tools Co (SHSE:688059) Headlines

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