Shandong Molong Petroleum Machinery Co (STU:PXI) Total Inventories : €60.9 Mil (As of Jun. 2024)

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What is Shandong Molong Petroleum Machinery Co Total Inventories?

Shandong Molong Petroleum Machinery Co's total inventories for the quarter that ended in Jun. 2024 was €60.9 Mil. Shandong Molong Petroleum Machinery Co's average total inventories from the quarter that ended in Mar. 2024 to the quarter that ended in Jun. 2024 was €65.7 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Shandong Molong Petroleum Machinery Co's Net-Net Working Capital per share for the quarter that ended in Jun. 2024 was €-0.28.

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

Inventory Turnover measures how fast the company turns over its inventory within a year. Shandong Molong Petroleum Machinery Co's Inventory Turnover for the quarter that ended in Jun. 2024 was 0.00.

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. Shandong Molong Petroleum Machinery Co's Inventory-to-Revenue for the quarter that ended in Jun. 2024 was 0.85.

Shandong Molong Petroleum Machinery Co Total Inventories Historical Data

The historical data trend for Shandong Molong Petroleum Machinery 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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Shandong Molong Petroleum Machinery Co Total Inventories Chart

Shandong Molong Petroleum Machinery Co Annual Data

Trend

Dec14

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Dec19

Dec20

Dec21

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Dec23

Total Inventories

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119.97

98.98

99.39

90.75

58.42

Shandong Molong Petroleum Machinery Co Quarterly Data
	Dec19	Mar20	Jun20	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															67.04	58.42	70.43	60.89	-

Shandong Molong Petroleum Machinery 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.

Shandong Molong Petroleum Machinery Co (STU:PXI) 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.

Shandong Molong Petroleum Machinery 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)
=	(1.535	+	0.75 * 31.732	+	0.5 * 60.893	-	280.615
-	0	-	-0.039)	/	797.848
=	-0.28

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

Shandong Molong Petroleum Machinery Co's Days Inventory for the three 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
	=	65.66	/	0	*	365 / 4
	=

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

Shandong Molong Petroleum Machinery 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 )
	=	0	/	65.66
	=	0.00

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.

Shandong Molong Petroleum Machinery 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 )
	=	65.66	/	77.426
	=	0.85

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.

Shandong Molong Petroleum Machinery Co Total Inventories Related Terms

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Shandong Molong Petroleum Machinery Co Business Description

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SHANY:USA 00568:Hong Kong 002490:China

Address

No. 99 Xingshang Road, Gucheng Street, Shandong Province, Shouguang, CHN, 262700

Website

http://www.molonggroup.com

Shandong Molong Petroleum Machinery Co Ltd is mainly engaged in design, research and development, processing and manufacturing, sales service and export trade of products for the energy equipment industry. The main products included petroleum-drilling machinery equipment, petroleum and natural gas transportation equipment, petroleum and natural gas exploitation equipment, and major critical components and castings and forgings products. The company's products are mainly used in petroleum, natural gas, coalbed methane, shale gas and other energy drilling, machinery processing, and urban pipe network. The sales of pipe products accounted for over 80% of the company's revenue.