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Yutong Bus Co (SHSE:600066) Total Inventories : ¥4,397 Mil (As of Mar. 2024)


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What is Yutong Bus Co Total Inventories?

Yutong Bus Co's total inventories for the quarter that ended in Mar. 2024 was ¥4,397 Mil. Yutong Bus Co's average total inventories from the quarter that ended in Dec. 2023 to the quarter that ended in Mar. 2024 was ¥4,455 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Yutong Bus Co's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was ¥-1.00.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Yutong Bus Co's Days Inventory for the three months ended in Mar. 2024 was 81.75.

Inventory Turnover measures how fast the company turns over its inventory within a year. Yutong Bus Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.12.

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. Yutong Bus Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.67.


Yutong Bus Co Total Inventories Historical Data

The historical data trend for Yutong Bus 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.

Yutong Bus Co Total Inventories Chart

Yutong Bus 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 4,390.82 5,016.71 6,106.13 4,893.55 4,513.29

Yutong Bus 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 5,042.50 4,688.16 4,334.38 4,513.29 4,396.79

Yutong Bus 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.


Yutong Bus Co  (SHSE:600066) 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.

Yutong Bus 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)
=(11026.973+0.75 * 2837.362+0.5 * 4396.791-17429.788
-0-143.429)/2213.94
=-1.00

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

Yutong Bus 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
=4455.0395/4972.485*365 / 4
=81.75

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

Yutong Bus 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 )
=4972.485 / 4455.0395
=1.12

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.

Yutong Bus 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 )
=4455.0395 / 6615.975
=0.67

* 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.


Yutong Bus Co Total Inventories Related Terms

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Yutong Bus Co (SHSE:600066) Business Description

Traded in Other Exchanges
N/A
Address
66 Yuxing Road, Zhengzhou Economic and Technological Development Zone, Henan Province, Zhengzhou, CHN, 450016
Yutong is the global market leader in buses, with close to 90% of revenue coming from sales in China. It is also China's largest bus manufacturer with around 30% of market share in medium and large buses. With the highest production capacity in its core segment, the company continues to benefit from the Chinese central government's subsidies for electric vehicles. Yutong's current product portfolio covers nearly all bus segments, including motor coach, shuttle, and school bus. While the firm started as a state-owned enterprise, a team of 23 company managers launched a management buyout in 2001 and eventually took over the firm in 2003.
Executives
Yu Li Directors, senior managers
Feng Ding Yong Director
Sun Xi Shun Supervisors
Cao Zhong Yan senior management
Yang Bo Directors, senior managers
Cao Jian Wei Director
Zhang Tao Director
Wang Wen Bing senior management
Yang Xiang Ying Director
Han Jun Director

Yutong Bus Co (SHSE:600066) Headlines

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