Wuxi Hodgen Technology Co (SZSE:300279) Total Inventories : ¥454 Mil (As of Mar. 2024)

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What is Wuxi Hodgen Technology Co Total Inventories?

Wuxi Hodgen Technology Co's total inventories for the quarter that ended in Mar. 2024 was ¥454 Mil. Wuxi Hodgen Technology Co's average total inventories from the quarter that ended in Dec. 2023 to the quarter that ended in Mar. 2024 was ¥483 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Wuxi Hodgen Technology Co's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was ¥-0.68.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Wuxi Hodgen Technology Co's Days Inventory for the three months ended in Mar. 2024 was 100.14.

Inventory Turnover measures how fast the company turns over its inventory within a year. Wuxi Hodgen Technology Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.91.

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. Wuxi Hodgen Technology Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.91.

Wuxi Hodgen Technology Co Total Inventories Historical Data

The historical data trend for Wuxi Hodgen Technology 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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Wuxi Hodgen Technology Co Total Inventories Chart

Wuxi Hodgen Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Inventories

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368.97

458.42

590.80

507.05

512.83

Wuxi Hodgen Technology 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															525.92	521.31	514.07	512.83	454.06

Wuxi Hodgen Technology 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.

Wuxi Hodgen Technology Co (SZSE:300279) 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.

Wuxi Hodgen Technology 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)
=	(320.504	+	0.75 * 524.246	+	0.5 * 454.057	-	1270.901
-	0	-	0.077)	/	489.099
=	-0.68

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

Wuxi Hodgen Technology 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
	=	483.4415	/	440.512	*	365 / 4
	=	100.14

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

Wuxi Hodgen Technology 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 )
	=	440.512	/	483.4415
	=	0.91

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.

Wuxi Hodgen Technology 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 )
	=	483.4415	/	530.444
	=	0.91

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.

Wuxi Hodgen Technology Co Total Inventories Related Terms

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Wuxi Hodgen Technology Co (SZSE:300279) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Wuxi Hodgen Technology Co Ltd (SZSE:300279) » Definitions » Total Inventories

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 177, Changjiang East Road, Wuxi New District, Jiangsu Province, Wuxi, CHN, 214145

Website

http://www.hodgen-china.com

Wuxi Hodgen Technology Co Ltd is an electrical machinery and equipment manufacturing company. It is organized into four business segments: the Hejingzhi Manufacturing segment is engaged in the research, development, manufacture and sale of white goods and intelligent hardware. The System Integration segment provides information services for various enterprises and institutions in the government, education and other industries. The Interactive Data segment serves the broadcasting and television system, the main source of income is access network equipment and intelligent terminals. The Internet Education segment provides a cloud platform for preschool education.

Executives

Gu Qun	Directors, executives
Xu Hong Bin	Directors, executives
Wang Jin	Executives
Chen Bai Lin	Director
Zhou Wei Li	Supervisors
Wang Da Peng	Executives
Qiu Xiao Bin	Directors, executives
Ying Yan Ping	Supervisors
Zhang Chen Yang	Director

Wuxi Hodgen Technology Co (SZSE:300279) Headlines

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