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Sinopec Shanghai Petrochemical Co (Sinopec Shanghai Petrochemical Co) Total Inventories : $986 Mil (As of Mar. 2024)


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What is Sinopec Shanghai Petrochemical Co Total Inventories?

Sinopec Shanghai Petrochemical Co's total inventories for the quarter that ended in Mar. 2024 was $986 Mil. Sinopec Shanghai Petrochemical Co's average total inventories from the quarter that ended in Dec. 2023 to the quarter that ended in Mar. 2024 was $1,036 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Sinopec Shanghai Petrochemical Co's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was $-1.49.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Sinopec Shanghai Petrochemical Co's Days Inventory for the three months ended in Mar. 2024 was 38.37.

Inventory Turnover measures how fast the company turns over its inventory within a year. Sinopec Shanghai Petrochemical Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 2.38.

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. Sinopec Shanghai Petrochemical Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.35.

Sinopec Shanghai Petrochemical Co Total Inventories Historical Data

The historical data trend for Sinopec Shanghai Petrochemical 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.

Sinopec Shanghai Petrochemical Co Total Inventories Chart

Sinopec Shanghai Petrochemical 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 963.03 594.67 930.01 1,046.24 1,085.64

Sinopec Shanghai Petrochemical Co 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 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 796.72 1,070.01 791.59 1,085.64 985.79

Sinopec Shanghai Petrochemical 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.

Sinopec Shanghai Petrochemical Co  (OTCPK:SHIIY) 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.

Sinopec Shanghai Petrochemical 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)
=(1201.312+0.75 * 241.603+0.5 * 985.793-2021.915
-0-14.84)/108.238
=-1.49

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

Sinopec Shanghai Petrochemical 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
=1035.7165/2463.302*365 / 4
=38.37

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

Sinopec Shanghai Petrochemical 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 )
=2463.302 / 1035.7165
=2.38

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.

Sinopec Shanghai Petrochemical 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 )
=1035.7165 / 2955.254
=0.35

* 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.

Sinopec Shanghai Petrochemical Co Total Inventories Related Terms

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Sinopec Shanghai Petrochemical Co (Sinopec Shanghai Petrochemical Co) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Sinopec Shanghai Petrochemical Co Ltd (OTCPK:SHIIY) » Definitions » Total Inventories
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SZSE:000096 SHSE:603906 SHSE:603003 SZSE:000159 SZSE:000554 SZSE:000407 SZSE:300839 SHSE:600387 SZSE:002778 NSE:RELIANCE MPC PSX VLO NSE:IOC TPE:6505 OHEL:NESTE XKAZ:KMGZ BOM:500547 TSE:5020 IST:TUPRS
Traded in Other Exchanges
SPTJF:USA 00338:Hong Kong SGJH:Germany SGJH:Germany 600688:China
Address
No. 48 Jinyi Road, Jinshan District, Shanghai, CHN, 200540
Website
http://www.sinopec.com
Sinopec Shanghai Petrochemical Co Ltd is a Chinese petrochemical company. The company's operating segment includes Synthetic fibers; Resins and plastics; Intermediate petrochemicals; Petroleum products; Trading of petrochemical products and Others. It generates maximum revenue from the Petroleum products segment. The petroleum products segment is equipped with crude oil refinery facilities used to produce qualified refined gasoline, fuel, diesel oil, heavy oil and liquefied petroleum gas, and provide raw materials for the group's downstream petrochemical processing facilities.