Li Auto (Li Auto) Total Inventories : $962 Mil (As of Dec. 2023)

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What is Li Auto Total Inventories?

Li Auto's total inventories for the quarter that ended in Dec. 2023 was $962 Mil. Li Auto's average total inventories from the quarter that ended in Sep. 2023 to the quarter that ended in Dec. 2023 was $894 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Li Auto's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $3.31.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Li Auto's Days Inventory for the three months ended in Dec. 2023 was 18.24.

Inventory Turnover measures how fast the company turns over its inventory within a year. Li Auto's Inventory Turnover for the quarter that ended in Dec. 2023 was 5.00.

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. Li Auto's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.15.

Li Auto Total Inventories Historical Data

The historical data trend for Li Auto'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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Li Auto Total Inventories Chart

Li Auto Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Inventories

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73.87

160.26

254.01

976.05

962.44

Li Auto Quarterly Data
	Dec18	Mar19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Total Inventories	Get a 7-Day Free Trial														976.05	908.80	790.25	825.81	962.44

Li Auto 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.

Li Auto (NAS:LI) 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.

Li Auto's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2023 is

	Net-Net Working Capital Per Share (Q: Dec. 2023 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(14462.1	+	0.75 * 20.101	+	0.5 * 962.435	-	11609.233
-	0	-	60.586)	/	992.831
=	3.31

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

Li Auto's Days Inventory for the three months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	894.1205	/	4473.994	*	365 / 4
	=	18.24

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

Li Auto's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Dec. 2023 )	/	Average Total Inventories (Q: Dec. 2023 )
	=	4473.994	/	894.1205
	=	5.00

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.

Li Auto's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	894.1205	/	5844.668
	=	0.15

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.

Li Auto Total Inventories Related Terms

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Li Auto (Li Auto) Business Description

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LIA:Mexico 02015:Hong Kong L87:Germany L87A:Germany L87A:Germany

Address

11 Wenliang Street, Shunyi District, Beijing, CHN, 101399

Website

https://www.lixiang.com

Li Auto is a leading Chinese NEV manufacturer that designs, develops, manufactures, and sells premium smart NEVs. The company started volume production of its first model Li One in November 2019. The model is a six-seater, large, premium plug-in electric SUV equipped with a range extension system and advanced smart vehicle solutions. It sold over 133,000 NEVs in 2022, accounting for about 2% of China's passenger new energy vehicle market. Beyond Li One, the company will expand its product line, including both BEVs and PHEVs, to target a broader consumer base.