Aluminum of China (Aluminum of China) Total Inventories : $3,680 Mil (As of Mar. 2024)

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What is Aluminum of China Total Inventories?

Aluminum of China's total inventories for the quarter that ended in Mar. 2024 was $3,680 Mil. Aluminum of China's average total inventories from the quarter that ended in Dec. 2023 to the quarter that ended in Mar. 2024 was $3,440 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Aluminum of China's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was $-0.90.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Aluminum of China's Days Inventory for the three months ended in Mar. 2024 was 54.55.

Inventory Turnover measures how fast the company turns over its inventory within a year. Aluminum of China's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.67.

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. Aluminum of China's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.51.

Aluminum of China Total Inventories Historical Data

The historical data trend for Aluminum of China'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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Aluminum of China Total Inventories Chart

Aluminum of China Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Inventories

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2,782.50

3,037.29

3,397.96

3,544.66

3,199.79

Aluminum of China 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															4,044.64	3,397.90	3,301.46	3,199.79	3,680.45

Aluminum of China 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.

Aluminum of China (OTCPK:ALMMF) 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.

Aluminum of China'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)
=	(3111.281	+	0.75 * 747.801	+	0.5 * 3680.447	-	15309.628
-	0	-	5631.555)	/	17158.4
=	-0.90

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

Aluminum of China'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
	=	3440.118	/	5754.981	*	365 / 4
	=	54.55

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

Aluminum of China'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 )
	=	5754.981	/	3440.118
	=	1.67

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.

Aluminum of China'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 )
	=	3440.118	/	6797.983
	=	0.51

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.

Aluminum of China Total Inventories Related Terms

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Aluminum of China (Aluminum of China) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Aluminum Corp of China Ltd (OTCPK:ALMMF) » Definitions » Total Inventories

Traded in Other Exchanges

02600:Hong Kong AOC:Germany 601600:China

Address

No. 62 North Xizhimen Street, Haidian District, Beijing, CHN, 100082

Website

https://www.chalco.com.cn

Aluminum Corp of China Ltd is an aluminum producer. The Alumina segment consists of the mining and purchase of bauxite and other raw materials. The Primary aluminum segment consists of the procurement of alumina, supplemental materials, and electric power. Its Energy segment comprises the production and operation of energy products mainly coal mining. The Trading segment includes the trading of alumina primary aluminum, aluminum fabrication products, other non-ferrous metal products and Corporate and other operating segments. Geographically, it operates in Mainland China, as well as other countries. It generates a major part of its revenue from the Trading segment.

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