China VTV (China VTV) Total Inventories : $7.42 Mil (As of Aug. 2020)

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What is China VTV Total Inventories?

China VTV's total inventories for the quarter that ended in Aug. 2020 was $7.42 Mil. China VTV's average total inventories from the quarter that ended in May. 2020 to the quarter that ended in Aug. 2020 was $7.42 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. China VTV's Net-Net Working Capital per share for the quarter that ended in Aug. 2020 was $-0.16.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. China VTV's Days Inventory for the three months ended in Aug. 2020 was 536.44.

Inventory Turnover measures how fast the company turns over its inventory within a year. China VTV's Inventory Turnover for the quarter that ended in Aug. 2020 was 0.17.

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. China VTV's Inventory-to-Revenue for the quarter that ended in Aug. 2020 was 2.45.

China VTV Total Inventories Historical Data

The historical data trend for China VTV'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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China VTV Total Inventories Chart

China VTV Annual Data

Trend

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Total Inventories

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10.92

China VTV Quarterly Data
	Nov15	Feb16	May16	Aug16	Nov16	Feb17	May17	Aug17	Nov17	Feb18	May18	Aug18	Nov18	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20
Total Inventories	Get a 7-Day Free Trial															-	-	10.92	7.42	7.42

China VTV 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.

China VTV (OTCPK:CVTV) 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.

China VTV's Net-Net Working Capital Per Share for the quarter that ended in Aug. 2020 is

	Net-Net Working Capital Per Share (Q: Aug. 2020 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(0.159	+	0.75 * 0.165	+	0.5 * 7.415	-	48.214
-	0	-	-0.069)	/	284.28
=	-0.16

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

China VTV's Days Inventory for the three months ended in Aug. 2020 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Aug. 2020 )	/	Cost of Goods Sold (Q: Aug. 2020 )	*	Days in Period
	=	7.419	/	1.262	*	365 / 4
	=	536.44

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

China VTV's Inventory Turnover for the quarter that ended in Aug. 2020 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Aug. 2020 )	/	Average Total Inventories (Q: Aug. 2020 )
	=	1.262	/	7.419
	=	0.17

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.

China VTV's Inventory to Revenue for the quarter that ended in Aug. 2020 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Aug. 2020 )	/	Revenue (Q: Aug. 2020 )
	=	7.419	/	3.024
	=	2.45

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.

China VTV Total Inventories Related Terms

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China VTV (China VTV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » China VTV Ltd (OTCPK:CVTV) » Definitions » Total Inventories

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Address

315-321 Lockhart Road, 23 Floor, Flat C, Wan Chai, Hong Kong, HKG

Website

http://www.tbamm.com

China VTV Ltd is an early stage internet-based online entertainment media company that focuses on audience interaction, entertainment, and business opportunities. It has established a Blockchain cloud-based platform that distributes news, videos, television shows, travel programs, and other entertainment programs via the internet to the end devices, such as computers, smart TVs, smartphones, and tablets. The company generates revenue from the sales of copyrights, original stories, and finished products, licensing literal copyrights, and advertising services.

Executives

Jack Chen

director, 10 percent owner, officer: See Remarks

ROOM 701, BUILDING 13, LANE 51 SHANGZHONG ROAD, XUHUI DISTRICT SHANGHAI F4 00000

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