Precision Tsugami (China) (HKSE:01651) Total Inventories : HK$948 Mil (As of Sep. 2023)

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What is Precision Tsugami (China) Total Inventories?

Precision Tsugami (China)'s total inventories for the quarter that ended in Sep. 2023 was HK$948 Mil. Precision Tsugami (China)'s average total inventories from the quarter that ended in Mar. 2023 to the quarter that ended in Sep. 2023 was HK$1,075 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Precision Tsugami (China)'s Net-Net Working Capital per share for the quarter that ended in Sep. 2023 was HK$2.36.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Precision Tsugami (China)'s Days Inventory for the six months ended in Sep. 2023 was 169.26.

Inventory Turnover measures how fast the company turns over its inventory within a year. Precision Tsugami (China)'s Inventory Turnover for the quarter that ended in Sep. 2023 was 1.08.

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. Precision Tsugami (China)'s Inventory-to-Revenue for the quarter that ended in Sep. 2023 was 0.67.

Precision Tsugami (China) Total Inventories Historical Data

The historical data trend for Precision Tsugami (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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Precision Tsugami (China) Total Inventories Chart

Precision Tsugami (China) Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Total Inventories

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756.99

684.49

805.53

1,274.34

1,201.86

Precision Tsugami (China) Semi-Annual Data
	Mar15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Total Inventories	Get a 7-Day Free Trial												914.49	1,274.34	1,195.34	1,201.86	947.76

Precision Tsugami (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.

Precision Tsugami (China) (HKSE:01651) 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.

Precision Tsugami (China)'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)
=	(1149.87	+	0.75 * 139.491	+	0.5 * 947.764	-	829.846
-	0	-	0)	/	380.804
=	2.36

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

Precision Tsugami (China)'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
	=	1074.8105	/	1158.854	*	365 / 2
	=	169.26

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

Precision Tsugami (China)'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 )
	=	1158.854	/	1074.8105
	=	1.08

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.

Precision Tsugami (China)'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 )
	=	1074.8105	/	1603.037
	=	0.67

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.

Precision Tsugami (China) Total Inventories Related Terms

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Precision Tsugami (China) (HKSE:01651) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Precision Tsugami (China) Corp Ltd (HKSE:01651) » Definitions » Total Inventories

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 2001 Pingcheng Road, Pinghu Economic-Technological Development Zone, Zhejiang Province, Pinghu, CHN, 314200

Website

https://www.tsugami.com.cn

Precision Tsugami (China) Corp Ltd is engaged in the manufacturing and distribution of computer numerical control (CNC) high precision machine tools; and the provision of commercial consultation services. It manufactures and sells CNC machine tools including Precision lathes, Precision machining centres, Precision thread and form rolling machines and Precision grinding machines under the TSUGAMI brand. The company only has one reportable operating segment which is the manufacture and sale of high precision CNC machine tools. Its products are mainly for the Chinese market and are also sold to Japan, Europe, the US, Southeast Asia and other countries.

Executives

Fmr Llc	2201 Interest of corporation controlled by you
Fil Limited	2201 Interest of corporation controlled by you
Pandanus Associates Inc.	2201 Interest of corporation controlled by you
Pandanus Partners L.p.	2201 Interest of corporation controlled by you
Tsugami Corporation	2101 Beneficial owner

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