Semiconductor Manufacturing International (HKSE:00981) Total Inventories : HK$21,655 Mil (As of Mar. 2024)

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What is Semiconductor Manufacturing International Total Inventories?

Semiconductor Manufacturing International's total inventories for the quarter that ended in Mar. 2024 was HK$21,655 Mil. Semiconductor Manufacturing International's average total inventories from the quarter that ended in Dec. 2023 to the quarter that ended in Mar. 2024 was HK$21,511 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Semiconductor Manufacturing International's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was HK$-16.91.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Semiconductor Manufacturing International's Days Inventory for the three months ended in Mar. 2024 was 166.12.

Inventory Turnover measures how fast the company turns over its inventory within a year. Semiconductor Manufacturing International's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.55.

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. Semiconductor Manufacturing International's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 1.57.

Semiconductor Manufacturing International Total Inventories Historical Data

The historical data trend for Semiconductor Manufacturing International'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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Semiconductor Manufacturing International Total Inventories Chart

Semiconductor Manufacturing International Annual Data

Trend

Dec14

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Dec16

Dec17

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Dec19

Dec20

Dec21

Dec22

Dec23

Total Inventories

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4,908.13

6,192.03

9,310.53

14,881.69

21,367.00

Semiconductor Manufacturing International 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															16,604.49	18,370.76	20,173.27	21,367.00	21,655.44

Semiconductor Manufacturing International 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.

Semiconductor Manufacturing International (HKSE:00981) 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.

Semiconductor Manufacturing International'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)
=	(67939.274	+	0.75 * 8432.951	+	0.5 * 21655.441	-	135664.878
-	0	-	83885.215)	/	7952.09
=	-16.91

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

Semiconductor Manufacturing International'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
	=	21511.2185	/	11816.423	*	365 / 4
	=	166.12

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

Semiconductor Manufacturing International'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 )
	=	11816.423	/	21511.2185
	=	0.55

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.

Semiconductor Manufacturing International'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 )
	=	21511.2185	/	13691.627
	=	1.57

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.

Semiconductor Manufacturing International Total Inventories Related Terms

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Semiconductor Manufacturing International (HKSE:00981) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Semiconductor Manufacturing International Corp (HKSE:00981) » Definitions » Total Inventories

Comparable Companies

Traded in Other Exchanges

MKN2:Germany 688981:China

Address

No. 18 Zhangjiang Road, Pudong New Area, Shanghai, CHN, 201203

Website

https://www.smics.com

Founded in 2000, Semiconductor Manufacturing International Corp. is the largest Chinese foundry and the fifth-largest globally after TSMC, Samsung Electronics, GlobalFoundries, and United Microelectronics Corp. The company's headquarters and foundry are in Shanghai, with additional foundries in Beijing, Tianjin, and Shenzhen and offices in the United States, Europe, Japan, Taiwan, and Hong Kong. Its products are used in artificial intelligence, data centers, automotive, consumer electronics, memory, and "Internet of Things" products. SMIC employs over 21,000 people.

Executives

Zhong Guo Xin Xi Tong Xin Ke Ji Ji Tuan You Xian Gong Si	2201 Interest of corporation controlled by you
Guo Jia Ji Cheng Dian Lu Chan Ye Tou Zi Ji Jin Gu Fen You Xian Gong Si	2201 Interest of corporation controlled by you
Xun Xin Shang Hai Tou Zi You Xian Gong Si	2201 Interest of corporation controlled by you
Xin Xin Xiang Gang Tou Zi You Xian Gong Si	2101 Beneficial owner
Da Tang Kong Gu Xiang Gang Tou Zi You Xian Gong Si
Da Tang Dian Xin Ke Ji Chan Ye Kong Gu You Xian Gong Si
Dian Xin Ke Xue Ji Shu Yan Jiu You Xian Gong Si

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