Shenzhen Xinyuren Technology Co (SHSE:688573) Total Inventories : ¥534.2 Mil (As of Sep. 2024)

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What is Shenzhen Xinyuren Technology Co Total Inventories?

Shenzhen Xinyuren Technology Co's total inventories for the quarter that ended in Sep. 2024 was ¥534.2 Mil. Shenzhen Xinyuren Technology Co's average total inventories from the quarter that ended in Jun. 2024 to the quarter that ended in Sep. 2024 was ¥433.5 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Shenzhen Xinyuren Technology Co's Net-Net Working Capital per share for the quarter that ended in Sep. 2024 was ¥-4.66.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Shenzhen Xinyuren Technology Co's Days Inventory for the three months ended in Sep. 2024 was 1,802.22.

Inventory Turnover measures how fast the company turns over its inventory within a year. Shenzhen Xinyuren Technology Co's Inventory Turnover for the quarter that ended in Sep. 2024 was 0.05.

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. Shenzhen Xinyuren Technology Co's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 13.94.

Shenzhen Xinyuren Technology Co Total Inventories Historical Data

The historical data trend for Shenzhen Xinyuren 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.

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Shenzhen Xinyuren Technology Co Total Inventories Chart

Shenzhen Xinyuren Technology Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Total Inventories

126.60

119.11

228.24

251.76

332.54

Shenzhen Xinyuren Technology Co Quarterly Data
	Dec19	Dec20	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Total Inventories	Get a 7-Day Free Trial									352.06	332.54	340.75	332.84	534.21

Shenzhen Xinyuren 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.

Shenzhen Xinyuren Technology Co (SHSE:688573) 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.

Shenzhen Xinyuren Technology 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)
=	(230.103	+	0.75 * 513.069	+	0.5 * 534.207	-	1330.425
-	0	-	7.192)	/	97.754
=	-4.66

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

Shenzhen Xinyuren Technology 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
	=	433.521	/	21.95	*	365 / 4
	=	1,802.22

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

Shenzhen Xinyuren Technology 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 )
	=	21.95	/	433.521
	=	0.05

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.

Shenzhen Xinyuren Technology 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 )
	=	433.521	/	31.094
	=	13.94

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.

Shenzhen Xinyuren Technology Co Total Inventories Related Terms

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Shenzhen Xinyuren Technology Co Business Description

Industry

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Traded in Other Exchanges

N/A

Address

Longcheng Street, 1st - 4th Floor, No. 2 Factory Building, Huilongpu Community, Hongfeng (Longgang) Industrial Factory, Longgang District, Guangdong, Shenzhen, CHN, 518172

Website

https://www.xinyuren.com

Shenzhen Xinyuren Technology Co Ltd is a national high-tech enterprise focusing on high-end equipment. It is mainly engaged in the research and development, production and sales of intelligent manufacturing high-end equipment. The products mainly include lithium-ion battery production equipment and its key components parts and other automation equipment, providing high-end equipment and automation solutions for customers in industries such as lithium-ion batteries, optoelectronics, medical supplies, and hydrogen fuel cells.

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