Tian Ruixiang Holdings (Tian Ruixiang Holdings) Total Inventories : $0.00 Mil (As of Apr. 2023)

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What is Tian Ruixiang Holdings Total Inventories?

Tian Ruixiang Holdings's total inventories for the quarter that ended in Apr. 2023 was $0.00 Mil. Tian Ruixiang Holdings's average total inventories from the quarter that ended in Oct. 2022 to the quarter that ended in Apr. 2023 was $0.00 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Tian Ruixiang Holdings's Net-Net Working Capital per share for the quarter that ended in Apr. 2023 was $51.24.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Tian Ruixiang Holdings's Days Inventory for the six months ended in Apr. 2023 was 0.00.

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

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. Tian Ruixiang Holdings's Inventory-to-Revenue for the quarter that ended in Apr. 2023 was 0.00.

Tian Ruixiang Holdings Total Inventories Historical Data

The historical data trend for Tian Ruixiang Holdings'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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Tian Ruixiang Holdings Total Inventories Chart

Tian Ruixiang Holdings Annual Data

Trend

Oct17

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Oct22

Total Inventories

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Tian Ruixiang Holdings Semi-Annual Data
	Oct17	Apr18	Oct18	Apr19	Oct19	Apr20	Oct20	Apr21	Oct21	Apr22	Oct22	Apr23
Total Inventories	Get a 7-Day Free Trial							-	-	-	-	-

Tian Ruixiang Holdings 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.

Tian Ruixiang Holdings (NAS:TIRX) 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.

Tian Ruixiang Holdings's Net-Net Working Capital Per Share for the quarter that ended in Apr. 2023 is

	Net-Net Working Capital Per Share (Q: Apr. 2023 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(35.924	+	0.75 * 0.114	+	0.5 * 0	-	2.453
-	0	-	0)	/	0.65495
=	51.24

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

Tian Ruixiang Holdings's Days Inventory for the six months ended in Apr. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Apr. 2023 )	/	Cost of Goods Sold (Q: Apr. 2023 )	*	Days in Period
	=	0	/	0.291	*	365 / 2
	=	0.00

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

Tian Ruixiang Holdings's Inventory Turnover for the quarter that ended in Apr. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Apr. 2023 )	/	Average Total Inventories (Q: Apr. 2023 )
	=	0.291	/	0
	=	N/A

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.

Tian Ruixiang Holdings's Inventory to Revenue for the quarter that ended in Apr. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Apr. 2023 )	/	Revenue (Q: Apr. 2023 )
	=	0	/	0.725
	=	0.00

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.

Tian Ruixiang Holdings Total Inventories Related Terms

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Tian Ruixiang Holdings (Tian Ruixiang Holdings) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Tian Ruixiang Holdings Ltd (NAS:TIRX) » Definitions » Total Inventories

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Address

North East Third Ring Road, Room 1001, 10 / F, No. 25, Chaoyang District, Beijing, CHN

Website

http://www.tianrx.com

Tian Ruixiang Holdings Ltd is an Insurance Brokerage firm. It distributes a wide range of insurance products, which are categorized into two groups; property and casualty insurance, such as commercial property insurance, liability insurance, accidental insurance, and automobile insurance; and other insurances, such as health insurance, life insurance, and miscellaneous insurances. It also generates a small amount of revenue from risk management services. The firm act on behalf of its customers seeking insurance coverage from insurance companies. It generates revenue from the provision of insurance brokerage services.