Meiwu Technology Co (Meiwu Technology Co) Total Inventories : $0.26 Mil (As of Jun. 2023)

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What is Meiwu Technology Co Total Inventories?

Meiwu Technology Co's total inventories for the quarter that ended in Jun. 2023 was $0.26 Mil. Meiwu Technology Co's average total inventories from the quarter that ended in Dec. 2022 to the quarter that ended in Jun. 2023 was $0.30 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Meiwu Technology Co's Net-Net Working Capital per share for the quarter that ended in Jun. 2023 was $2.49.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Meiwu Technology Co's Days Inventory for the six months ended in Jun. 2023 was 6.70.

Inventory Turnover measures how fast the company turns over its inventory within a year. Meiwu Technology Co's Inventory Turnover for the quarter that ended in Jun. 2023 was 27.25.

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. Meiwu Technology Co's Inventory-to-Revenue for the quarter that ended in Jun. 2023 was 0.03.

Meiwu Technology Co Total Inventories Historical Data

The historical data trend for Meiwu 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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Meiwu Technology Co Total Inventories Chart

Meiwu Technology Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Total Inventories

0.05

0.25

1.54

0.43

0.35

Meiwu Technology Co Semi-Annual Data
	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Total Inventories	Get a 7-Day Free Trial					0.27	0.43	0.34	0.35	0.26

Meiwu 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.

Meiwu Technology Co (NAS:WNW) 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.

Meiwu Technology Co's Net-Net Working Capital Per Share for the quarter that ended in Jun. 2023 is

	Net-Net Working Capital Per Share (Q: Jun. 2023 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(15.784	+	0.75 * 5.008	+	0.5 * 0.259	-	12.658
-	0	-	-0.163)	/	2.87629
=	2.49

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

Meiwu Technology Co's Days Inventory for the six months ended in Jun. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jun. 2023 )	/	Cost of Goods Sold (Q: Jun. 2023 )	*	Days in Period
	=	0.302	/	8.228	*	365 / 2
	=	6.70

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

Meiwu Technology Co's Inventory Turnover for the quarter that ended in Jun. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Jun. 2023 )	/	Average Total Inventories (Q: Jun. 2023 )
	=	8.228	/	0.302
	=	27.25

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.

Meiwu Technology Co's Inventory to Revenue for the quarter that ended in Jun. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jun. 2023 )	/	Revenue (Q: Jun. 2023 )
	=	0.302	/	10.683
	=	0.03

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.

Meiwu Technology Co Total Inventories Related Terms

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Meiwu Technology Co (Meiwu Technology Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Meiwu Technology Co Ltd (NAS:WNW) » Definitions » Total Inventories

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Traded in Other Exchanges

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Address

No. 743 Zhoushi Road, Hangcheng Street, 1602, Building C, Shenye Century Industrial Center, Bao’an District, Shenzhen, CHN

Website

https://www.wnw108.com

Meiwu Technology Co Ltd operates as an online food retail store and franchise restaurants in China. The products offered include green food, organic food, intangible cultural heritage food products, agricultural products bearing geographical indications, and pollution-free products. It operates in three segments: Clean Food Platform, which generates nearly all of its revenue; Restaurant; and Others.