Shenzhen Honor Electronic Co (SZSE:300870) Total Inventories : ¥456 Mil (As of Mar. 2024)

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What is Shenzhen Honor Electronic Co Total Inventories?

Shenzhen Honor Electronic Co's total inventories for the quarter that ended in Mar. 2024 was ¥456 Mil. Shenzhen Honor Electronic Co's average total inventories from the quarter that ended in Dec. 2023 to the quarter that ended in Mar. 2024 was ¥396 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Shenzhen Honor Electronic Co's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was ¥-3.87.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Shenzhen Honor Electronic Co's Days Inventory for the three months ended in Mar. 2024 was 64.82.

Inventory Turnover measures how fast the company turns over its inventory within a year. Shenzhen Honor Electronic Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.41.

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 Honor Electronic Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.57.

Shenzhen Honor Electronic Co Total Inventories Historical Data

The historical data trend for Shenzhen Honor Electronic 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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Shenzhen Honor Electronic Co Total Inventories Chart

Shenzhen Honor Electronic Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Inventories

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160.24

273.43

509.75

402.69

336.46

Shenzhen Honor Electronic 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															489.18	414.08	461.96	336.46	455.57

Shenzhen Honor Electronic 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 Honor Electronic Co (SZSE:300870) 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 Honor Electronic 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)
=	(593.247	+	0.75 * 861.175	+	0.5 * 455.568	-	1859.587
-	0	-	-1.186)	/	101.2
=	-3.87

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

Shenzhen Honor Electronic 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
	=	396.015	/	557.529	*	365 / 4
	=	64.82

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

Shenzhen Honor Electronic 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 )
	=	557.529	/	396.015
	=	1.41

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 Honor Electronic 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 )
	=	396.015	/	695.862
	=	0.57

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 Honor Electronic Co Total Inventories Related Terms

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Shenzhen Honor Electronic Co (SZSE:300870) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Shenzhen Honor Electronic Co Ltd (SZSE:300870) » Definitions » Total Inventories

Traded in Other Exchanges

N/A

Address

ushu 2nd Road, Xixiang Street, Building 1, 2, and 3 of Xinghui Industrial Plant Area, Buildings A, B and C of Xinghui Science Park, Baoan District, Guangdong Province, Shenzhen, CHN, 518000

Website

http://www.honor-cn.com

Shenzhen Honor Electronic Co Ltd is engaged in production and sales of switching power supply products. The company supplies switching power adapter and IPC and provides Quick charge, type-C charger, PD Power Supply and intelligent home devices. Its product categories include Structure; PD Power; Power; Safety Segulation; Lightning Stroke; and Standard.

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