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GL Tech Co (SZSE:300480) Total Inventories : ¥328.2 Mil (As of Jun. 2024)


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What is GL Tech Co Total Inventories?

GL Tech Co's total inventories for the quarter that ended in Jun. 2024 was ¥328.2 Mil. GL Tech Co's average total inventories from the quarter that ended in Mar. 2024 to the quarter that ended in Jun. 2024 was ¥318.9 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. GL Tech Co's Net-Net Working Capital per share for the quarter that ended in Jun. 2024 was ¥1.11.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. GL Tech Co's Days Inventory for the three months ended in Jun. 2024 was 734.67.

Inventory Turnover measures how fast the company turns over its inventory within a year. GL Tech Co's Inventory Turnover for the quarter that ended in Jun. 2024 was 0.12.

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. GL Tech Co's Inventory-to-Revenue for the quarter that ended in Jun. 2024 was 3.43.


GL Tech Co Total Inventories Historical Data

The historical data trend for GL Tech 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.

GL Tech Co Total Inventories Chart

GL Tech 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 92.06 72.89 182.05 252.53 285.40

GL Tech Co Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
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 269.35 271.66 285.40 309.66 328.19

GL Tech 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.


GL Tech Co  (SZSE:300480) 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.

GL Tech Co's Net-Net Working Capital Per Share for the quarter that ended in Jun. 2024 is

Net-Net Working Capital Per Share (Q: Jun. 2024 )
=(Cash And Cash Equivalents+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(612.154+0.75 * 298.173+0.5 * 328.187-598.528
-0-10.049)/352.771
=1.11

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

GL Tech Co's Days Inventory for the three months ended in Jun. 2024 is calculated as:

Days Inventory=Average Total Inventories (Q: Jun. 2024 )/Cost of Goods Sold (Q: Jun. 2024 )*Days in Period
=318.9215/39.612*365 / 4
=734.67

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

GL Tech Co's Inventory Turnover for the quarter that ended in Jun. 2024 is calculated as

Inventory Turnover=Cost of Goods Sold (Q: Jun. 2024 ) / Average Total Inventories (Q: Jun. 2024 )
=39.612 / 318.9215
=0.12

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.

GL Tech Co's Inventory to Revenue for the quarter that ended in Jun. 2024 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Jun. 2024 ) / Revenue (Q: Jun. 2024 )
=318.9215 / 93.091
=3.43

* 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.


GL Tech Co Total Inventories Related Terms

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GL Tech Co Business Description

Traded in Other Exchanges
N/A
Address
No. 10 Changchun Road, Zhengzhou High-tech Development Zone, Henan Province, Zhengzhou, CHN, 450001
GL Tech Co Ltd develops and produces instruments and complete solutions for the purposes of environmental protection, energy saving, and product safety. Its product line involves three areas: power production, coal mine safety production and semiconductor precision processing and manufacturing. Its products include two categories: safety production monitoring products; power production monitoring and environmental protection products.
Executives
Zhao Tong Yu Director
Li Zu Qing Directors, executives
Cao Wei Secretary Dong
Sun Jian Hua Director
Zhu Rui Hong Supervisors
Li Yu Xia Director
Liu Chun Feng Executives
Guan Ping Li Securities Affairs Representative

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