China Longyuan Power Group (SZSE:001289) Total Inventories : ¥841 Mil (As of Mar. 2024)

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What is China Longyuan Power Group Total Inventories?

China Longyuan Power Group's total inventories for the quarter that ended in Mar. 2024 was ¥841 Mil. China Longyuan Power Group's average total inventories from the quarter that ended in Dec. 2023 to the quarter that ended in Mar. 2024 was ¥784 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. China Longyuan Power Group's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was ¥-18.98.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. China Longyuan Power Group's Days Inventory for the three months ended in Mar. 2024 was 12.05.

Inventory Turnover measures how fast the company turns over its inventory within a year. China Longyuan Power Group's Inventory Turnover for the quarter that ended in Mar. 2024 was 7.57.

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. China Longyuan Power Group's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.08.

China Longyuan Power Group Total Inventories Historical Data

The historical data trend for China Longyuan Power Group'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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China Longyuan Power Group Total Inventories Chart

China Longyuan Power Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Inventories

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834.60

801.37

765.10

749.96

727.20

China Longyuan Power Group 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															796.50	800.99	806.31	727.20	840.77

China Longyuan Power Group 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.

China Longyuan Power Group (SZSE:001289) 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.

China Longyuan Power Group'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)
=	(4184.951	+	0.75 * 441.22	+	0.5 * 840.765	-	151796.3
-	0	-	11777.58)	/	8359.82
=	-18.98

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

China Longyuan Power Group'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
	=	783.9805	/	5937.212	*	365 / 4
	=	12.05

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

China Longyuan Power Group'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 )
	=	5937.212	/	783.9805
	=	7.57

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.

China Longyuan Power Group'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 )
	=	783.9805	/	9876.891
	=	0.08

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.

China Longyuan Power Group Total Inventories Related Terms

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China Longyuan Power Group (SZSE:001289) Business Description

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GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » China Longyuan Power Group Corp Ltd (SZSE:001289) » Definitions » Total Inventories

Traded in Other Exchanges

CLPXY:USA CLPXF:USA 00916:Hong Kong 6WX:Germany

Address

6 Fuchengmen North Street, Room 2006, 20th Floor, Block C, Xicheng District, Beijing, CHN

Website

http://www.clypg.com.cn

Longyuan is China's largest wind farm operator, with consolidated installed wind capacity of 26.2 gigawatts as of end-2022, representing about 7% of nationwide wind capacity. It has more than 400 wind farms spread across China, and has also expanded into other countries such as Canada and South Africa. Longyuan owns two coal-fired power plants in Jiangsu and operates other renewable assets such as solar, geothermal, and tidal energy on a limited scale. The consolidated installed capacity mix is about 84% wind, 6% thermal, and the remainder in other renewables. China Energy Investment, which was created through the merger of China Guodian Corporation and China Shenhua Group, is the major shareholder with a controlling stake of about 58.6%.

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