Semiconductor Manufacturing International (SHSE:688981) Total Inventories: ¥27,024 Mil (As of Mar. 2026)


SHSE:688981 Semiconductor Manufacturing International Corp SHSE:688981
77 GF Score
Price ¥148.76
GF Value ¥70.03
Valuation Significantly Overvalued
! 6 Warning Signs
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What is Semiconductor Manufacturing International Total Inventories?

Semiconductor Manufacturing International SHSE:688981 -5.16% 77 Total Inventories is ¥27,024 Mil as of Mar. 2026. GuruFocus rates SHSE:688981 with a GF Score™ of 77/100 and a GF Value™ of ¥70.03 (Significantly Overvalued). The stock has 6 warning signs investors should review.

Semiconductor Manufacturing International's total inventories for the quarter that ended in Mar. 2026 was ¥27,024 Mil. Semiconductor Manufacturing International's average total inventories from the quarter that ended in Dec. 2025 to the quarter that ended in Mar. 2026 was ¥26,295 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Semiconductor Manufacturing International's Net-Net Working Capital per share for the quarter that ended in Mar. 2026 was ¥-15.47.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Semiconductor Manufacturing International's Days Inventory for the three months ended in Mar. 2026 was 173.90.

Inventory Turnover measures how fast the company turns over its inventory within a year. Semiconductor Manufacturing International's Inventory Turnover for the quarter that ended in Mar. 2026 was 0.52.

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. Semiconductor Manufacturing International's Inventory-to-Revenue for the quarter that ended in Mar. 2026 was 1.52.


Semiconductor Manufacturing International  (SHSE:688981) 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.

Semiconductor Manufacturing International's Net-Net Working Capital Per Share for the quarter that ended in Mar. 2026 is

Net-Net Working Capital Per Share (Q: Mar. 2026 )
=(Cash And Cash Equivalents+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(84693.764+0.75 * 10313.835+0.5 * 27023.897-132209.824
-0-97523.174)/8001.460
=-15.47

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

Semiconductor Manufacturing International's Days Inventory for the three months ended in Mar. 2026 is calculated as:

Days Inventory=Average Total Inventories (Q: Mar. 2026 )/Cost of Goods Sold (Q: Mar. 2026 )*Days in Period
=26294.659/13797.185*365 / 4
=173.90

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

Semiconductor Manufacturing International's Inventory Turnover for the quarter that ended in Mar. 2026 is calculated as

Inventory Turnover=Cost of Goods Sold (Q: Mar. 2026 ) / Average Total Inventories (Q: Mar. 2026 )
=13797.185 / 26294.659
=0.52

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.

Semiconductor Manufacturing International's Inventory to Revenue for the quarter that ended in Mar. 2026 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Mar. 2026 ) / Revenue (Q: Mar. 2026 )
=26294.659 / 17268.067
=1.52

* 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.


Semiconductor Manufacturing International Total Inventories Related Terms


Semiconductor Manufacturing International Total Inventories Historical Data

* Premium members only.

The historical data trend for Semiconductor Manufacturing International'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.

Semiconductor Manufacturing International Total Inventories Chart

Semiconductor Manufacturing International Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Total Inventories
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7,603.74 13,326.31 19,535.02 21,538.86 25,565.42

Semiconductor Manufacturing International Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 22,095.37 22,568.14 24,866.41 25,565.42 27,023.90
SHSE:688981
77GF Score
Semiconductor Manufacturing International Corp SHSE:688981
Total Inventories is just one metric. See GF Score™, valuation, warning signs, and more.
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Semiconductor Manufacturing International 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.

Frequently Asked Questions Learn more about Total Inventories →
What does a Total Inventories of ¥27,024 Mil mean?
Semiconductor Manufacturing International (SHSE:688981) has a Total Inventories of ¥27,024 Mil as of Mar. 2026. The total amount of inventory as recorded on a company's balance sheet. View historical data for Semiconductor Manufacturing International and its competitors.
Is Semiconductor Manufacturing International's Total Inventories too high?
Semiconductor Manufacturing International's current Total Inventories is ¥27,024 Mil. Overall, Semiconductor Manufacturing International has a GF Score™ of 77/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Semiconductor Manufacturing International's Total Inventories compare to NVDA and AVGO?
Semiconductor Manufacturing International's Total Inventories of ¥27,024 Mil can be compared against companies in the Semiconductors industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Total Inventories for a Semiconductors company?
A good Total Inventories depends on the Semiconductors industry context. However, Total Inventories should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Total Inventories mean?
A high Total Inventories can signal that a stock is expensive relative to its fundamentals. The total amount of inventory as recorded on a company's balance sheet. View historical data for Semiconductor Manufacturing International and its competitors. Semiconductor Manufacturing International's current Total Inventories is ¥27,024 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Semiconductor Manufacturing International stock overvalued right now?
Based on GuruFocus' analysis, Semiconductor Manufacturing International (SHSE:688981) is currently considered Significantly Overvalued. The stock's GF Value™ is ¥70.03, compared to a current price of ¥148.76 — trading 112.4% above its estimated fair value. The current Total Inventories is ¥27,024 Mil. Semiconductor Manufacturing International's overall GF Score™ is 77/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Total Inventories calculated?
Total Inventories is calculated from a company's financial statements. For Semiconductor Manufacturing International (SHSE:688981), the current Total Inventories is ¥27,024 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Semiconductor Manufacturing International (SHSE:688981) Overvalued in 2026?

Based on GuruFocus' analysis, Semiconductor Manufacturing International stock appears to be overvalued. The current stock price of ¥148.76 is trading 112.4% above its estimated GF Value™ of ¥70.03. GuruFocus considers Semiconductor Manufacturing International to be Significantly Overvalued.

Key valuation signals for SHSE:688981:

  • Total Inventories: ¥27,024 Mil
  • GF Value™: ¥70.03 vs. price of ¥148.76 (112.4% above fair value)
  • GF Score™: 77/100 with 6 warning signs

No single metric tells the full story. See the SHSE:688981 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Semiconductor Manufacturing International Business Description

Address No. 18 Zhangjiang Road, Pudong New Area, Shanghai, CHN, 201203
Founded in 2000, Semiconductor Manufacturing International Corporation is the largest foundry in China and the third-largest globally after TSMC and Samsung Electronics, overtaking GlobalFoundries and United Microelectronics in 2024. The company's headquarters and foundry are in Shanghai, with additional foundries in Beijing, Tianjin, and Shenzhen, and offices in the United States, Europe, Japan, Taiwan, and Hong Kong. Its products are used in artificial intelligence, data centers, automotive, consumer electronics, memory, and "Internet of Things" products. SMIC employs 19,952 people as of Dec. 31, 2025.
77GF Score

Get the complete analysis for SHSE:688981

Total Inventories is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

¥148.76
Price
¥70.03
GF Value