Jiangsu HSC New Energy Materials Co (SHSE:688353) Total Inventories : ¥79.2 Mil (As of Sep. 2024)

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What is Jiangsu HSC New Energy Materials Co Total Inventories?

Jiangsu HSC New Energy Materials Co's total inventories for the quarter that ended in Sep. 2024 was ¥79.2 Mil. Jiangsu HSC New Energy Materials Co's average total inventories from the quarter that ended in Jun. 2024 to the quarter that ended in Sep. 2024 was ¥90.8 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Jiangsu HSC New Energy Materials Co's Net-Net Working Capital per share for the quarter that ended in Sep. 2024 was ¥8.84.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Jiangsu HSC New Energy Materials Co's Days Inventory for the three months ended in Sep. 2024 was 49.14.

Inventory Turnover measures how fast the company turns over its inventory within a year. Jiangsu HSC New Energy Materials Co's Inventory Turnover for the quarter that ended in Sep. 2024 was 1.86.

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. Jiangsu HSC New Energy Materials Co's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 0.71.

Jiangsu HSC New Energy Materials Co Total Inventories Historical Data

The historical data trend for Jiangsu HSC New Energy Materials 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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Jiangsu HSC New Energy Materials Co Total Inventories Chart

Jiangsu HSC New Energy Materials Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Inventories

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52.11

47.60

60.86

78.20

107.54

Jiangsu HSC New Energy Materials Co Quarterly Data
	Dec18	Dec19	Mar20	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															111.65	107.54	109.94	102.37	79.24

Jiangsu HSC New Energy Materials 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.

Jiangsu HSC New Energy Materials Co (SHSE:688353) 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.

Jiangsu HSC New Energy Materials 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)
=	(1905.027	+	0.75 * 141.528	+	0.5 * 79.238	-	556.445
-	0	-	83.93)	/	159.500
=	8.84

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

Jiangsu HSC New Energy Materials 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
	=	90.8025	/	168.626	*	365 / 4
	=	49.14

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

Jiangsu HSC New Energy Materials 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 )
	=	168.626	/	90.8025
	=	1.86

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.

Jiangsu HSC New Energy Materials 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 )
	=	90.8025	/	128.466
	=	0.71

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.

Jiangsu HSC New Energy Materials Co Total Inventories Related Terms

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Jiangsu HSC New Energy Materials Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Jiangsu HSC New Energy Materials Co Ltd (SHSE:688353) » Definitions » Total Inventories

Traded in Other Exchanges

N/A

Address

No. 10 Qinghai Road, Yangtze River International Chemical Industrial Park, Jiangsu Province, Zhangjiagang, CHN, 215600

Website

http://www.sinohsc.com

Jiangsu HSC New Energy Materials Co Ltd is engaged in the production and sales of lithium battery electrolyte additives. The company's products mainly include two series of electronic chemicals and special silicones. In the field of electronic chemicals, the company supplies vinylene carbonate (VC) and fluoroethylene carbonate (FEC) in the market. The products are widely used in new energy vehicles, electric two-wheelers, power tools, UPS power supplies, mobile base station power supply, photovoltaic power station, 3C products and other fields. In the field of special silicones, the company manufacturers the technology of non-phosgene production of isocyanate silanes.

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