Ferrotec (An Hui) Technology Development Co (SZSE:301297) Total Inventories : ¥96.7 Mil (As of Sep. 2024)

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What is Ferrotec (An Hui) Technology Development Co Total Inventories?

Ferrotec (An Hui) Technology Development Co's total inventories for the quarter that ended in Sep. 2024 was ¥96.7 Mil. Ferrotec (An Hui) Technology Development Co's average total inventories from the quarter that ended in Jun. 2024 to the quarter that ended in Sep. 2024 was ¥88.6 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Ferrotec (An Hui) Technology Development Co's Net-Net Working Capital per share for the quarter that ended in Sep. 2024 was ¥1.45.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Ferrotec (An Hui) Technology Development Co's Days Inventory for the three months ended in Sep. 2024 was 59.59.

Inventory Turnover measures how fast the company turns over its inventory within a year. Ferrotec (An Hui) Technology Development Co's Inventory Turnover for the quarter that ended in Sep. 2024 was 1.53.

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. Ferrotec (An Hui) Technology Development Co's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 0.40.

Ferrotec (An Hui) Technology Development Co Total Inventories Historical Data

The historical data trend for Ferrotec (An Hui) Technology 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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Ferrotec (An Hui) Technology Development Co Total Inventories Chart

Ferrotec (An Hui) Technology Development Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Inventories

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41.64

56.42

67.04

85.40

82.46

Ferrotec (An Hui) Technology Development Co Quarterly Data
	Dec18	Dec19	Dec20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Total Inventories	Get a 7-Day Free Trial												94.28	82.46	75.49	80.57	96.70

Ferrotec (An Hui) Technology 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.

Ferrotec (An Hui) Technology Development Co (SZSE:301297) 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.

Ferrotec (An Hui) Technology Development 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)
=	(559.353	+	0.75 * 210.27	+	0.5 * 96.7	-	273.894
-	0	-	0)	/	338.390
=	1.45

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

Ferrotec (An Hui) Technology Development 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
	=	88.635	/	135.725	*	365 / 4
	=	59.59

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

Ferrotec (An Hui) Technology Development 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 )
	=	135.725	/	88.635
	=	1.53

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.

Ferrotec (An Hui) Technology Development 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 )
	=	88.635	/	222.454
	=	0.40

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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Ferrotec (An Hui) Technology Development Co Business Description

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Traded in Other Exchanges

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Address

No. 18, Nanhai Road, Jinqiao Economic Development Zone, Shun'an Town, Yi'an District, Anhui Province, Tongling, CHN, 244151

Website

http://www.ftvas.com

Ferrotec (An Hui) Technology Development Co Ltd is a precision cleaning service provider for equipment in the field of semiconductors, focusing on providing one-stop equipment precision cleaning for manufacturers in the two major fields of semiconductors and display panels services, providing integrated cleaning and regeneration solutions for customers' production equipment pollution control.

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