Wuxi Smart Auto-control Engineering Co (SZSE:002877) Total Inventories : ¥647 Mil (As of Sep. 2024)

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What is Wuxi Smart Auto-control Engineering Co Total Inventories?

Wuxi Smart Auto-control Engineering Co's total inventories for the quarter that ended in Sep. 2024 was ¥647 Mil. Wuxi Smart Auto-control Engineering Co's average total inventories from the quarter that ended in Jun. 2024 to the quarter that ended in Sep. 2024 was ¥627 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Wuxi Smart Auto-control Engineering Co's Net-Net Working Capital per share for the quarter that ended in Sep. 2024 was ¥-1.27.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Wuxi Smart Auto-control Engineering Co's Days Inventory for the three months ended in Sep. 2024 was 325.17.

Inventory Turnover measures how fast the company turns over its inventory within a year. Wuxi Smart Auto-control Engineering Co's Inventory Turnover for the quarter that ended in Sep. 2024 was 0.28.

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. Wuxi Smart Auto-control Engineering Co's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 2.62.

Wuxi Smart Auto-control Engineering Co Total Inventories Historical Data

The historical data trend for Wuxi Smart Auto-control Engineering 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.

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Wuxi Smart Auto-control Engineering Co Total Inventories Chart

Wuxi Smart Auto-control Engineering Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Inventories

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210.62

308.56

339.97

444.33

607.50

Wuxi Smart Auto-control Engineering Co Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Total Inventories	Get a 7-Day Free Trial															544.08	607.50	599.03	605.88	647.13

Wuxi Smart Auto-control Engineering 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.

Wuxi Smart Auto-control Engineering Co (SZSE:002877) 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.

Wuxi Smart Auto-control Engineering Co's Net-Net Working Capital Per Share for the quarter that ended in Sep. 2024 is

	Net-Net Working Capital Per Share (Q: Sep. 2024 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(103.641	+	0.75 * 532.787	+	0.5 * 647.125	-	1276.491
-	0	-	0)	/	353.486
=	-1.27

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

Wuxi Smart Auto-control Engineering Co's Days Inventory for the three months ended in Sep. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2024 )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
	=	626.5	/	175.809	*	365 / 4
	=	325.17

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

Wuxi Smart Auto-control Engineering Co's Inventory Turnover for the quarter that ended in Sep. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Sep. 2024 )	/	Average Total Inventories (Q: Sep. 2024 )
	=	175.809	/	626.5
	=	0.28

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.

Wuxi Smart Auto-control Engineering Co's Inventory to Revenue for the quarter that ended in Sep. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2024 )	/	Revenue (Q: Sep. 2024 )
	=	626.5	/	238.902
	=	2.62

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.

Wuxi Smart Auto-control Engineering Co Total Inventories Related Terms

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Wuxi Smart Auto-control Engineering Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Wuxi Smart Auto-control Engineering Co Ltd (SZSE:002877) » Definitions » Total Inventories

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Address

No. 258 Xida Road, Meicun Wuxi New District, Jiangsu, Wuxi, CHN, 214112

Website

http://www.wuxismart.com

Wuxi Smart Auto-control Engineering Co Ltd is a China based company engaged in the research and development, manufacturing, sales and service of intelligent control valves in the field of industrial process control. It offers customers with industrial solution control valve solutions under various working conditions. The product portfolio of the company includes P/J series single seat valve, R series ball valve, F series anti-corrosion, W series butterfly valve, T series three-way valve, Z series special valve, Y series self-operated valve, and Q series pneumatic actuator. The company's products and technologies are used in petroleum, chemical, steel, metallurgy, textile, energy, electricity, food, environmental protection and other industries.

Executives

Chen Yan	Director
Zhong Pei Ya	Executives
Wu Wei	Director
Du Xue Jun	Executives
Shen Jian Fei	Directors, Directors, and Executives
Sun Ming Dong	Supervisors

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