Zhejiang Juli Culture Development Co (SZSE:002247) Total Inventories : ¥116.7 Mil (As of Mar. 2024)

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What is Zhejiang Juli Culture Development Co Total Inventories?

Zhejiang Juli Culture Development Co's total inventories for the quarter that ended in Mar. 2024 was ¥116.7 Mil. Zhejiang Juli Culture Development Co's average total inventories from the quarter that ended in Dec. 2023 to the quarter that ended in Mar. 2024 was ¥114.2 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Zhejiang Juli Culture Development Co's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was ¥-0.18.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Zhejiang Juli Culture Development Co's Days Inventory for the three months ended in Mar. 2024 was 69.06.

Inventory Turnover measures how fast the company turns over its inventory within a year. Zhejiang Juli Culture Development Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.32.

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. Zhejiang Juli Culture Development Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.61.

Zhejiang Juli Culture Development Co Total Inventories Historical Data

The historical data trend for Zhejiang Juli Culture Development 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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Zhejiang Juli Culture Development Co Total Inventories Chart

Zhejiang Juli Culture Development Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Inventories

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106.10

108.92

123.23

105.65

111.61

Zhejiang Juli Culture Development Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Total Inventories	Get a 7-Day Free Trial															99.96	102.58	102.11	111.61	116.70

Zhejiang Juli Culture Development 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.

Zhejiang Juli Culture Development Co (SZSE:002247) 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.

Zhejiang Juli Culture Development Co's Net-Net Working Capital Per Share for the quarter that ended in Mar. 2024 is

	Net-Net Working Capital Per Share (Q: Mar. 2024 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(353.778	+	0.75 * 177.776	+	0.5 * 116.704	-	692.367
-	0	-	3.539)	/	850.87
=	-0.18

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

Zhejiang Juli Culture Development Co's Days Inventory for the three months ended in Mar. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2024 )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
	=	114.155	/	150.829	*	365 / 4
	=	69.06

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

Zhejiang Juli Culture Development Co's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Mar. 2024 )	/	Average Total Inventories (Q: Mar. 2024 )
	=	150.829	/	114.155
	=	1.32

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.

Zhejiang Juli Culture Development Co's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	114.155	/	188.382
	=	0.61

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.

Zhejiang Juli Culture Development Co Total Inventories Related Terms

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Zhejiang Juli Culture Development Co (SZSE:002247) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Zhejiang Juli Culture Development Co Ltd (SZSE:002247) » Definitions » Total Inventories

Comparable Companies

Traded in Other Exchanges

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Address

1958, Zhejiang Ring Road, Industrial Zone, China Delicate, Lin'an, CHN, 311300

Website

http://www.dilong.cc

Zhejiang Juli Culture Development Co Ltd, formerly Zhejiang Dilong Culture Development Co Ltd operates in the decorative paper industry. The products of the company include printing decorative paper, impregnated paper, decorative panels which include a metal decorative panel, aluminum coil, and PVC decorative materials.

Executives

Chen Zhi Jian	Executives
Wang Xiao Hong	Directors, executives
Zhao Jin Long	Executives
Lin Hui Chun	Director
Tang Fei Tao	Executives
Jiang Zu Ming	Executives
Jiang Fei Xiong	Directors, executives
Mao Li Xin	Director
Liu Yu Long	Director

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