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Chengdu Zhonghuan Flow Controls Mfg Co (BJSE:836260) Total Inventories : ¥146.3 Mil (As of Mar. 2024)


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What is Chengdu Zhonghuan Flow Controls Mfg Co Total Inventories?

Chengdu Zhonghuan Flow Controls Mfg Co's total inventories for the quarter that ended in Mar. 2024 was ¥146.3 Mil. Chengdu Zhonghuan Flow Controls Mfg Co's average total inventories from the quarter that ended in Dec. 2023 to the quarter that ended in Mar. 2024 was ¥136.5 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Chengdu Zhonghuan Flow Controls Mfg Co's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was ¥1.74.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Chengdu Zhonghuan Flow Controls Mfg Co's Days Inventory for the three months ended in Mar. 2024 was 697.14.

Inventory Turnover measures how fast the company turns over its inventory within a year. Chengdu Zhonghuan Flow Controls Mfg Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.13.

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. Chengdu Zhonghuan Flow Controls Mfg Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 4.21.


Chengdu Zhonghuan Flow Controls Mfg Co Total Inventories Historical Data

The historical data trend for Chengdu Zhonghuan Flow Controls Mfg 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.

* Premium members only.

Chengdu Zhonghuan Flow Controls Mfg Co Total Inventories Chart

Chengdu Zhonghuan Flow Controls Mfg Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Total Inventories
Get a 7-Day Free Trial Premium Member Only Premium Member Only 50.43 34.94 57.89 98.74 126.75

Chengdu Zhonghuan Flow Controls Mfg Co Quarterly Data
Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Total Inventories Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 124.72 119.47 117.69 126.75 146.31

Chengdu Zhonghuan Flow Controls Mfg 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.


Chengdu Zhonghuan Flow Controls Mfg Co  (BJSE:836260) 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.

Chengdu Zhonghuan Flow Controls Mfg 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)
=(150.515+0.75 * 113.746+0.5 * 146.313-128.792
-0-0)/103.55
=1.74

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

Chengdu Zhonghuan Flow Controls Mfg 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
=136.533/17.871*365 / 4
=697.14

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

Chengdu Zhonghuan Flow Controls Mfg 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 )
=17.871 / 136.533
=0.13

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.

Chengdu Zhonghuan Flow Controls Mfg 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 )
=136.533 / 32.416
=4.21

* 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.


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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Chengdu Zhonghuan Flow Controls Mfg Co (BJSE:836260) Business Description

Traded in Other Exchanges
N/A
Address
No. 2139, Konggang 4th Road, Southwest Airport, Pilot Free Trade Zone, Xihanggang, Shuangliu District, Chengdu, CHN, 610207
Chengdu Zhonghuan Flow Controls Mfg Co Ltd engages in the design, development, production, and sales of valve actuators, wellhead safety control systems, and skid-mounted equipment. It manufactures API 6D valve gas-hydraulic actuators, electro-hydraulic actuators, and pneumatic actuators; API 6A wellhead safety control systems, wellhead safety valve actuators; skids for major conventional oil and gas fields, unconventional oil and gas fields, gas storage depots, and local gas companies Assembly and module manufacturing; control valves and instrumentation.

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