Shanghai M&G Stationery (SHSE:603899) Total Inventories : ¥1,471 Mil (As of Mar. 2024)

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What is Shanghai M&G Stationery Total Inventories?

Shanghai M&G Stationery's total inventories for the quarter that ended in Mar. 2024 was ¥1,471 Mil. Shanghai M&G Stationery's average total inventories from the quarter that ended in Dec. 2023 to the quarter that ended in Mar. 2024 was ¥1,525 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Shanghai M&G Stationery's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was ¥3.36.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Shanghai M&G Stationery's Days Inventory for the three months ended in Mar. 2024 was 31.77.

Inventory Turnover measures how fast the company turns over its inventory within a year. Shanghai M&G Stationery's Inventory Turnover for the quarter that ended in Mar. 2024 was 2.87.

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. Shanghai M&G Stationery's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.28.

Shanghai M&G Stationery Total Inventories Historical Data

The historical data trend for Shanghai M&G Stationery'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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Shanghai M&G Stationery Total Inventories Chart

Shanghai M&G Stationery Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Inventories

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1,342.82

1,322.81

1,546.65

1,625.16

1,578.09

Shanghai M&G Stationery 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															1,432.25	1,388.45	1,310.41	1,578.09	1,471.16

Shanghai M&G Stationery 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.

Shanghai M&G Stationery (SHSE:603899) 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.

Shanghai M&G Stationery'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)
=	(5917.655	+	0.75 * 3637.195	+	0.5 * 1471.155	-	5729.745
-	0	-	541.283)	/	926.597
=	3.36

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

Shanghai M&G Stationery'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
	=	1524.622	/	4379.067	*	365 / 4
	=	31.77

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

Shanghai M&G Stationery'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 )
	=	4379.067	/	1524.622
	=	2.87

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.

Shanghai M&G Stationery'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 )
	=	1524.622	/	5485.381
	=	0.28

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.

Shanghai M&G Stationery Total Inventories Related Terms

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Shanghai M&G Stationery (SHSE:603899) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Shanghai M&G Stationery Inc (SHSE:603899) » Definitions » Total Inventories

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Address

3469 Jinqian Road, Building 3, Fengxian District, Shanghai, CHN, 201406

Website

https://www.mg-pen.com

Shanghai M&G Stationery Inc is engaged in the production and distribution of stationery products in China. The company operates in four segments Office direct selling business and Traditional core business. The majority of the revenue is generated from the Traditional core business which is engaged in developing, manufacturing, and selling writing instruments, student stationery, office supplies, and other products. Its products include such as ballpoint pens, gel pens, mechanical pencils, highlighters, markers, roller pens, erasable gel pens, Pen refills, and other stationeries. The company provides and manufactures stationery products that include writing instruments, school stationery, office stationery, and other related products. The majority of the revenue is generated in China.

Executives

Zhou Yong Gan	senior management
Fu Chang	Directors, senior managers
Zhang Qing	senior management
Quan Qiang	senior management
Chen Hu Wen	Director
Chen Xue Ling	Director
Chen Hu Xiong	Director
Wu Lian Yin	senior management

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