Hongda Xingye Co (SZSE:002002) Total Inventories : ¥1,140 Mil (As of Sep. 2023)

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What is Hongda Xingye Co Total Inventories?

Hongda Xingye Co's total inventories for the quarter that ended in Sep. 2023 was ¥1,140 Mil. Hongda Xingye Co's average total inventories from the quarter that ended in Jun. 2023 to the quarter that ended in Sep. 2023 was ¥1,167 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Hongda Xingye Co's Net-Net Working Capital per share for the quarter that ended in Sep. 2023 was ¥-1.92.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Hongda Xingye Co's Days Inventory for the three months ended in Sep. 2023 was 403.47.

Inventory Turnover measures how fast the company turns over its inventory within a year. Hongda Xingye Co's Inventory Turnover for the quarter that ended in Sep. 2023 was 0.23.

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. Hongda Xingye Co's Inventory-to-Revenue for the quarter that ended in Sep. 2023 was 4.31.

Hongda Xingye Co Total Inventories Historical Data

The historical data trend for Hongda Xingye 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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Hongda Xingye Co Total Inventories Chart

Hongda Xingye Co Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Total Inventories

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613.28

588.00

669.51

852.23

1,175.27

Hongda Xingye Co Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Total Inventories	Get a 7-Day Free Trial															651.26	1,175.27	1,203.70	1,193.67	1,140.22

Hongda Xingye 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.

Hongda Xingye Co (SZSE:002002) 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.

Hongda Xingye Co's Net-Net Working Capital Per Share for the quarter that ended in Sep. 2023 is

	Net-Net Working Capital Per Share (Q: Sep. 2023 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(35.41	+	0.75 * 3239.856	+	0.5 * 1140.223	-	8976.591
-	0	-	47.111)	/	3122.04
=	-1.92

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

Hongda Xingye Co's Days Inventory for the three months ended in Sep. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2023 )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
	=	1166.9455	/	263.919	*	365 / 4
	=	403.47

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

Hongda Xingye Co's Inventory Turnover for the quarter that ended in Sep. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Sep. 2023 )	/	Average Total Inventories (Q: Sep. 2023 )
	=	263.919	/	1166.9455
	=	0.23

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.

Hongda Xingye Co's Inventory to Revenue for the quarter that ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2023 )	/	Revenue (Q: Sep. 2023 )
	=	1166.9455	/	270.748
	=	4.31

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.

Hongda Xingye Co Total Inventories Related Terms

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Hongda Xingye Co (SZSE:002002) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Hongda Xingye Co Ltd (SZSE:002002) » Definitions » Total Inventories

Comparable Companies

Traded in Other Exchanges

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Address

No.1 Guangzhou Circle Road, Guangzhou Circle, 28th Floor, Guangzhou, CHN, 510385

Website

http://www.002002.cn

Hongda Xingye Co Ltd is a Chinese chemical resource company. It is engaged in the manufacture and sale of chemical products. The business areas of the company are New materials, Environmental protection, and Electronic trading. It offers products like soil conditioner, desulfurizer; environmental modification engineering services such as soil remediation, desulfuration, and denitration; PVC new materials like PVC, modified PVC, PVC building formwork, PVC pharmaceutical packaging material, PVC ecological houses; rare earth new materials such as rare earth heat stabilizer and rare earth catalyst. In addition, the company also provide services of the business to business e-commerce, comprehensive logistics, technical support for large spot industrial raw materials.

Executives

Chen Yong	Supervisors
Liao Rui Hao	Independent director
Zhou Yi Feng	Directors, executives
Lin Shao Han	Secretary, Director
Liu Dong Sheng	Independent director
Wang Yu Yue	Directors, executives
Yu Jing	Securities Affairs Representative
Huang Ze Jun	Executives
Ni Bao Zhu	Executives
Fan Yu Ren	Director

Hongda Xingye Co (SZSE:002002) Headlines

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