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Shenzhen Soling Industrial Co (SZSE:002766) Total Inventories : ¥180 Mil (As of Sep. 2024)


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What is Shenzhen Soling Industrial Co Total Inventories?

Shenzhen Soling Industrial Co's total inventories for the quarter that ended in Sep. 2024 was ¥180 Mil. Shenzhen Soling Industrial Co's average total inventories from the quarter that ended in Jun. 2024 to the quarter that ended in Sep. 2024 was ¥170 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Shenzhen Soling Industrial Co's Net-Net Working Capital per share for the quarter that ended in Sep. 2024 was ¥0.19.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Shenzhen Soling Industrial Co's Days Inventory for the three months ended in Sep. 2024 was 52.16.

Inventory Turnover measures how fast the company turns over its inventory within a year. Shenzhen Soling Industrial Co's Inventory Turnover for the quarter that ended in Sep. 2024 was 1.75.

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 Soling Industrial Co's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 0.44.


Shenzhen Soling Industrial Co Total Inventories Historical Data

The historical data trend for Shenzhen Soling Industrial 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.

* Premium members only.

Shenzhen Soling Industrial Co Total Inventories Chart

Shenzhen Soling Industrial Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Total Inventories
Get a 7-Day Free Trial Premium Member Only Premium Member Only 327.63 386.87 185.94 234.58 199.33

Shenzhen Soling Industrial 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 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 233.36 199.33 175.72 160.47 179.89

Shenzhen Soling Industrial 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 Soling Industrial Co  (SZSE:002766) 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 Soling Industrial 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)
=(496.947+0.75 * 123.755+0.5 * 179.892-517.022
-0--3.647)/857.676
=0.19

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

Shenzhen Soling Industrial 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
=170.1815/297.746*365 / 4
=52.16

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

Shenzhen Soling Industrial 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 )
=297.746 / 170.1815
=1.75

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 Soling Industrial 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 )
=170.1815 / 386.959
=0.44

* 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.


Shenzhen Soling Industrial Co Total Inventories Related Terms

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Shenzhen Soling Industrial Co Business Description

Traded in Other Exchanges
N/A
Address
No. 9678 Shennan Road, 28th Floor, Block B, Dachong Business Center, Guangdong, Nanshan District, Shenzhen, CHN
Shenzhen Soling Industrial Co Ltd is engaged in research and development, production, sales of Car Informatic Device (CID) system. The company specializes into Car GPS navigation systems and in-car DVD, CD and MP3 players. The company's products include head units, telematics, high-end car upgrading systems, rear view mirror, DVRs, and ADAS products.
Executives
Xiang Ming Executives
Xiao Xing Yi Directors, executives
Wu Wen Xing Executives
Zhong Gui Rong Secretary Dong
Deng Qing Ming Directors, executives
Tong Fang Yi Supervisors
Tong Fang Yi Supervisors
Deng Xian Hai Supervisors

Shenzhen Soling Industrial Co Headlines

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