Tianrong Internet Products And Services (Tianrong Internet Products And Services) Total Inventories : $0.00 Mil (As of Sep. 2023)

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What is Tianrong Internet Products And Services Total Inventories?

Tianrong Internet Products And Services's total inventories for the quarter that ended in Sep. 2023 was $0.00 Mil. Tianrong Internet Products And Services's average total inventories from the quarter that ended in Sep. 2022 to the quarter that ended in Sep. 2023 was $0.00 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Tianrong Internet Products And Services's Net-Net Working Capital per share for the quarter that ended in Sep. 2023 was $N/A.

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

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

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.

Tianrong Internet Products And Services Total Inventories Historical Data

The historical data trend for Tianrong Internet Products And Services'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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Tianrong Internet Products And Services Total Inventories Chart

Tianrong Internet Products And Services Annual Data

Trend

Total Inventories

Tianrong Internet Products And Services Semi-Annual Data
	Sep22	Sep23
Total Inventories	-	-

Tianrong Internet Products And Services 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.

Tianrong Internet Products And Services (OTCPK:TIPS) 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.

Tianrong Internet Products And Services's Net-Net Working Capital Per Share for the quarter that ended in Sep. 2023 is

	Net-Net Working Capital Per Share (Q: Sep. 2023 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(0	+	0.75 * 0	+	0.5 * 0	-	0.889
-	0	-	0)	/	0
=	N/A

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

Tianrong Internet Products And Services's Days Inventory for the six months ended in Sep. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2023 )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
	=	0	/	0	*	365 / 2
	=

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

Tianrong Internet Products And Services's Inventory Turnover for the quarter that ended in Sep. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Sep. 2023 )	/	Average Total Inventories (Q: Sep. 2023 )
	=	0	/	0
	=	N/A

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.

Tianrong Internet Products And Services's Inventory to Revenue for the quarter that ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2023 )	/	Revenue (Q: Sep. 2023 )
	=	0	/	0
	=

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.

Tianrong Internet Products And Services Total Inventories Related Terms

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Tianrong Internet Products And Services (Tianrong Internet Products And Services) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Tianrong Internet Products And Services Inc (OTCPK:TIPS) » Definitions » Total Inventories

Comparable Companies

Traded in Other Exchanges

N/A

Address

2374 Route 390, P.O. Box 609, Mountainhome, PA, USA, 18342

Website

Tianrong Internet Products And Services Inc is a United States-based holding company whose strategy is the acquisition of med-tech and medical devices sectors.

Tianrong Internet Products And Services (Tianrong Internet Products And Services) Headlines

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