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Zhuzhou CRRC Times Electric Co (SHSE:688187) Total Inventories : ¥6,054 Mil (As of Jun. 2024)


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What is Zhuzhou CRRC Times Electric Co Total Inventories?

Zhuzhou CRRC Times Electric Co's total inventories for the quarter that ended in Jun. 2024 was ¥6,054 Mil. Zhuzhou CRRC Times Electric Co's average total inventories from the quarter that ended in Dec. 2023 to the quarter that ended in Jun. 2024 was ¥5,748 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Zhuzhou CRRC Times Electric Co's Net-Net Working Capital per share for the quarter that ended in Jun. 2024 was ¥6.32.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Zhuzhou CRRC Times Electric Co's Days Inventory for the six months ended in Jun. 2024 was 133.97.

Inventory Turnover measures how fast the company turns over its inventory within a year. Zhuzhou CRRC Times Electric Co's Inventory Turnover for the quarter that ended in Jun. 2024 was 1.36.

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 CRRC Times Electric Co's Inventory-to-Revenue for the quarter that ended in Jun. 2024 was 0.56.


Zhuzhou CRRC Times Electric Co Total Inventories Historical Data

The historical data trend for Zhuzhou CRRC Times Electric 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.

Zhuzhou CRRC Times Electric Co Total Inventories Chart

Zhuzhou CRRC Times Electric 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 3,768.04 4,258.49 4,921.09 5,821.58 5,442.96

Zhuzhou CRRC Times Electric Co Semi-Annual Data
Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
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 6,066.22 5,821.58 6,461.59 5,442.96 6,053.73

Zhuzhou CRRC Times Electric 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 CRRC Times Electric Co  (SHSE:688187) 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 CRRC Times Electric Co's Net-Net Working Capital Per Share for the quarter that ended in Jun. 2024 is

Net-Net Working Capital Per Share (Q: Jun. 2024 )
=(Cash And Cash Equivalents+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(16525.039+0.75 * 15721.897+0.5 * 6053.726-19395.527
-0-3021.882)/1411.54
=6.32

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

Zhuzhou CRRC Times Electric Co's Days Inventory for the six months ended in Jun. 2024 is calculated as:

Days Inventory=Average Total Inventories (Q: Jun. 2024 )/Cost of Goods Sold (Q: Jun. 2024 )*Days in Period
=5748.3415/7830.673*365 / 2
=133.97

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

Zhuzhou CRRC Times Electric Co's Inventory Turnover for the quarter that ended in Jun. 2024 is calculated as

Inventory Turnover=Cost of Goods Sold (Q: Jun. 2024 ) / Average Total Inventories (Q: Jun. 2024 )
=7830.673 / 5748.3415
=1.36

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 CRRC Times Electric Co's Inventory to Revenue for the quarter that ended in Jun. 2024 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Jun. 2024 ) / Revenue (Q: Jun. 2024 )
=5748.3415 / 10233.169
=0.56

* 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.


Zhuzhou CRRC Times Electric Co Total Inventories Related Terms

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Zhuzhou CRRC Times Electric Co Business Description

Traded in Other Exchanges
Address
No. 169 Times Road, Shifeng District, Hunan Province, Zhuzhou, CHN, 412001
Zhuzhou CRRC Times Electric Co Ltd is in the R&D, design, manufacturing, and sales of rail transit equipment products and the provision of related services, and has an industrial structure of components, systems, and complete machines. Its products mainly include rail transit electrical equipment, railway engineering machinery, and communication signal systems. Meanwhile, the Company actively expands to industries other than rail transit, and conducts business in the fields of power semiconductor devices, industrial converter products, electric drive systems for new energy vehicles, sensor devices, and marine equipment, The Company operates in the domestic market and overseas markets.
Executives
He Wen Core technical personnel

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