China Vanadium Titano-Magnetite Mining Co (HKSE:00893) Total Inventories : HK$20.4 Mil (As of Dec. 2023)

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What is China Vanadium Titano-Magnetite Mining Co Total Inventories?

China Vanadium Titano-Magnetite Mining Co's total inventories for the quarter that ended in Dec. 2023 was HK$20.4 Mil. China Vanadium Titano-Magnetite Mining Co's average total inventories from the quarter that ended in Jun. 2023 to the quarter that ended in Dec. 2023 was HK$18.6 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. China Vanadium Titano-Magnetite Mining Co's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was HK$-0.28.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. China Vanadium Titano-Magnetite Mining Co's Days Inventory for the six months ended in Dec. 2023 was 6.43.

Inventory Turnover measures how fast the company turns over its inventory within a year. China Vanadium Titano-Magnetite Mining Co's Inventory Turnover for the quarter that ended in Dec. 2023 was 28.39.

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. China Vanadium Titano-Magnetite Mining Co's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.03.

China Vanadium Titano-Magnetite Mining Co Total Inventories Historical Data

The historical data trend for China Vanadium Titano-Magnetite Mining 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.

China Vanadium Titano-Magnetite Mining Co Total Inventories Chart

China Vanadium Titano-Magnetite Mining Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Inventories

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32.74

6.89

14.57

15.22

20.45

China Vanadium Titano-Magnetite Mining Co Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Total Inventories	Get a 7-Day Free Trial															14.57	11.47	15.22	16.77	20.45

China Vanadium Titano-Magnetite Mining 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.

China Vanadium Titano-Magnetite Mining Co (HKSE:00893) 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.

China Vanadium Titano-Magnetite Mining Co's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2023 is

	Net-Net Working Capital Per Share (Q: Dec. 2023 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(8.792	+	0.75 * 109.695	+	0.5 * 20.448	-	401.452
-	0	-	321.586)	/	2249.02
=	-0.28

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

China Vanadium Titano-Magnetite Mining Co's Days Inventory for the six months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	18.608	/	528.299	*	365 / 2
	=	6.43

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

China Vanadium Titano-Magnetite Mining Co's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Dec. 2023 )	/	Average Total Inventories (Q: Dec. 2023 )
	=	528.299	/	18.608
	=	28.39

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.

China Vanadium Titano-Magnetite Mining Co's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	18.608	/	550.746
	=	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.

China Vanadium Titano-Magnetite Mining Co Total Inventories Related Terms

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China Vanadium Titano-Magnetite Mining Co (HKSE:00893) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » China Vanadium Titano-Magnetite Mining Co Ltd (HKSE:00893) » Definitions » Total Inventories

Comparable Companies

Traded in Other Exchanges

CV8S:Germany

Address

1 Matheson Street, 31st Floor, Tower Two Times Square, Causeway Bay, Hong Kong, HKG

Website

https://www.chinavtmmining.com

China Vanadium Titano-Magnetite Mining Co Ltd is engaged in mining and ore processing; sale of self-produced products; trading of steels; management of strategic investments; and rendering of specialized mining services. Its segments include the High-Fe Mining operation segment comprises the operation of the sale of self-produced high-grade iron concentrates within the range of 65% TFe to 72% TFe and the provision of consultancy and management services; the Trading segment comprises the operation of the sale of traded products; and the Corporate and others segment covers the nonoperating activities supporting the group which includes the central functions such as the functional costs that have not been allocated to the other segments.

Executives

Erie Investments Limited	2101 Beneficial owner
Jiang Hua	2202 Interest of your spouse
Zou Hua	2201 Interest of corporation controlled by you
Kingston Grand Limited	2201 Interest of corporation controlled by you
Li Hesheng	2401 A concert party to an agreement to buy shares
Long Sino International Limited	2201 Interest of corporation controlled by you
Shi Yinjun	2401 A concert party to an agreement to buy shares
Trisonic International Limited	2101 Beneficial owner
Wang Jin	2201 Interest of corporation controlled by you
Wu Wendong	2401 A concert party to an agreement to buy shares
Yang Xianlu	2401 A concert party to an agreement to buy shares
Zhang Yuangui	2401 A concert party to an agreement to buy shares
Si Chuan Xin Tuo You Xian Gong Si	2106 Person having a security interest in shares

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