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Sailun Group Co (SHSE:601058) Total Inventories : ¥5,403 Mil (As of Mar. 2024)


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What is Sailun Group Co Total Inventories?

Sailun Group Co's total inventories for the quarter that ended in Mar. 2024 was ¥5,403 Mil. Sailun Group Co's average total inventories from the quarter that ended in Dec. 2023 to the quarter that ended in Mar. 2024 was ¥5,172 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Sailun Group Co's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was ¥-2.07.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Sailun Group Co's Days Inventory for the three months ended in Mar. 2024 was 89.46.

Inventory Turnover measures how fast the company turns over its inventory within a year. Sailun Group Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.02.

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. Sailun Group Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.71.


Sailun Group Co Total Inventories Historical Data

The historical data trend for Sailun Group 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.

Sailun Group Co Total Inventories Chart

Sailun Group 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 2,229.46 2,656.27 4,307.72 4,115.43 4,941.71

Sailun Group 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 3,917.10 4,272.64 4,290.02 4,941.71 5,403.24

Sailun Group 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.


Sailun Group Co  (SHSE:601058) 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.

Sailun Group 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)
=(5341.201+0.75 * 4096.455+0.5 * 5403.241-17331.246
-0-601.837)/3288.1
=-2.07

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

Sailun Group 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
=5172.4775/5275.989*365 / 4
=89.46

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

Sailun Group 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 )
=5275.989 / 5172.4775
=1.02

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.

Sailun Group 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 )
=5172.4775 / 7295.784
=0.71

* 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.


Sailun Group Co Total Inventories Related Terms

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Sailun Group Co (SHSE:601058) Business Description

Traded in Other Exchanges
N/A
Address
No.43, Rubber Valley, Zhengzhou Road, Building B, Shibei District, Shandong, Qingdao, CHN, 266045
Sailun Group Co Ltd is a Chinese company engaged in the research, development, and manufacturing of radial tires and its related manufacturing technology such as management and control network system and computer systems in China. It offers passenger car tires, card passenger tires, and special tires. The company provides tires in the car series, SUV series, racing series, truck tire series, bus tire series, agricultural tires, among others. Its products are sold in China and other countries.
Executives
Yuan Zhong Xue Director
Zhou Ru Gang senior management
Zhou Tian Ming senior management
Zhou Bo senior management
Zhu Xiao Bing senior management
Zhou Sheng Yun senior management
Zhang Bi Shu Director
Wang Jian Ye Directors, senior managers
Liu Yan Hua senior management
Xie Xiao Hong senior management
Song Jun Directors, senior managers
Yan Wan Hua Director
Du Yu Dai Director

Sailun Group Co (SHSE:601058) Headlines

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