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Wuhan Easy Diagnosis Biomedicine Co (SZSE:002932) Total Inventories : ¥123.5 Mil (As of Jun. 2024)


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What is Wuhan Easy Diagnosis Biomedicine Co Total Inventories?

Wuhan Easy Diagnosis Biomedicine Co's total inventories for the quarter that ended in Jun. 2024 was ¥123.5 Mil. Wuhan Easy Diagnosis Biomedicine Co's average total inventories from the quarter that ended in Mar. 2024 to the quarter that ended in Jun. 2024 was ¥124.5 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Wuhan Easy Diagnosis Biomedicine Co's Net-Net Working Capital per share for the quarter that ended in Jun. 2024 was ¥2.63.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Wuhan Easy Diagnosis Biomedicine Co's Days Inventory for the three months ended in Jun. 2024 was 350.90.

Inventory Turnover measures how fast the company turns over its inventory within a year. Wuhan Easy Diagnosis Biomedicine Co's Inventory Turnover for the quarter that ended in Jun. 2024 was 0.26.

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. Wuhan Easy Diagnosis Biomedicine Co's Inventory-to-Revenue for the quarter that ended in Jun. 2024 was 1.33.


Wuhan Easy Diagnosis Biomedicine Co Total Inventories Historical Data

The historical data trend for Wuhan Easy Diagnosis Biomedicine 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.

Wuhan Easy Diagnosis Biomedicine Co Total Inventories Chart

Wuhan Easy Diagnosis Biomedicine 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 39.16 117.73 284.60 258.44 128.77

Wuhan Easy Diagnosis Biomedicine Co Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
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 123.83 104.80 128.77 125.43 123.50

Wuhan Easy Diagnosis Biomedicine 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.


Wuhan Easy Diagnosis Biomedicine Co  (SZSE:002932) 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.

Wuhan Easy Diagnosis Biomedicine 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)
=(841.677+0.75 * 990.157+0.5 * 123.502-804.769
-0-230.057)/232.521
=2.63

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

Wuhan Easy Diagnosis Biomedicine 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
=124.465/32.367*365 / 4
=350.90

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

Wuhan Easy Diagnosis Biomedicine 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 )
=32.367 / 124.465
=0.26

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.

Wuhan Easy Diagnosis Biomedicine 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 )
=124.465 / 93.307
=1.33

* 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.


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Wuhan Easy Diagnosis Biomedicine Co Business Description

Traded in Other Exchanges
N/A
Address
No. 1 Dongxin Road, 2 Floor, Building E, International Students Pioneer Park, Guandong Science and Technology Park, Donghu Development Zone, Hubei, Wuhan, CHN, 430075
Wuhan Easy Diagnosis Biomedicine Co Ltd is engaged in the research and development, production and sales of in vitro diagnostic reagents and supporting instruments and mobile ECG products. The company's product profile consists of Molecular diagnosis, Chemiluminescence, Blood gas analysis, and others. It also provides various other solutions such as Mingde Biomolecular Diagnostic Service Solution, Mingde Biothoracic Center Solution, POCT Solution, Remote ECG network construction solution, and others.
Executives
Wang Rui Directors, executives
Wang Jian Fei Director

Wuhan Easy Diagnosis Biomedicine Co Headlines

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