Xi'an Haitian Antenna Technologies Co (HKSE:08227) Total Inventories : HK$12.83 Mil (As of Dec. 2023)

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What is Xi'an Haitian Antenna Technologies Co Total Inventories?

Xi'an Haitian Antenna Technologies Co's total inventories for the quarter that ended in Dec. 2023 was HK$12.83 Mil. Xi'an Haitian Antenna Technologies Co's average total inventories from the quarter that ended in Sep. 2023 to the quarter that ended in Dec. 2023 was HK$15.70 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Xi'an Haitian Antenna Technologies Co's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was HK$-0.05.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Xi'an Haitian Antenna Technologies Co's Days Inventory for the three months ended in Dec. 2023 was 215.41.

Inventory Turnover measures how fast the company turns over its inventory within a year. Xi'an Haitian Antenna Technologies Co's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.42.

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. Xi'an Haitian Antenna Technologies Co's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 2.80.

Xi'an Haitian Antenna Technologies Co Total Inventories Historical Data

The historical data trend for Xi'an Haitian Antenna Technologies 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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Xi'an Haitian Antenna Technologies Co Total Inventories Chart

Xi'an Haitian Antenna Technologies Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Inventories

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3.82

9.30

17.27

15.04

12.83

Xi'an Haitian Antenna Technologies Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Total Inventories	Get a 7-Day Free Trial															15.04	17.72	17.81	18.58	12.83

Xi'an Haitian Antenna Technologies 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.

Xi'an Haitian Antenna Technologies Co (HKSE:08227) 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.

Xi'an Haitian Antenna Technologies 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)
=	(2.178	+	0.75 * 8.526	+	0.5 * 12.83	-	97.962
-	0	-	2.671)	/	1897.629
=	-0.05

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

Xi'an Haitian Antenna Technologies Co's Days Inventory for the three 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
	=	15.703	/	6.652	*	365 / 4
	=	215.41

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

Xi'an Haitian Antenna Technologies 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 )
	=	6.652	/	15.703
	=	0.42

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.

Xi'an Haitian Antenna Technologies 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 )
	=	15.703	/	5.612
	=	2.80

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.

Xi'an Haitian Antenna Technologies Co Total Inventories Related Terms

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Xi'an Haitian Antenna Technologies Co (HKSE:08227) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Xi'an Haitian Antenna Technologies Co Ltd (HKSE:08227) » Definitions » Total Inventories

Comparable Companies

Traded in Other Exchanges

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Address

No.25 Shuoshi Road, Hi-tech Industrial Development Zone, Shaanxi Province, Xi’an, CHN

Website

http://www.xaht.com

Xi'an Haitian Antenna Technologies Co Ltd is mainly engaged in the manufacturing of communication equipment and also the sale of poultry products. The company operates in four segments based on its sales: Antenna products & provision of related services, Underwater monitoring products & related products, Aircraft products, and Agricultural products. Its product portfolio includes underwater imaging, underwater machinery, drones, avionics imaging, monitoring, automotive electronics, mechanical equipment, and others. The majority is from the Antenna products & provision of related services.

Executives

Hongkong Jinsheng Enterprise Co.,limited	2101 Beneficial owner
Wang Bing	2201 Interest of corporation controlled by you
Chen Wei	2101 Beneficial owner
Huang Lihou	2101 Beneficial owner
Oceanic Bliss Holdings Limited	2101 Beneficial owner

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