AAG Energy Holdings (HKSE:02686) Total Inventories : HK$19 Mil (As of Dec. 2022)

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What is AAG Energy Holdings Total Inventories?

AAG Energy Holdings's total inventories for the quarter that ended in Dec. 2022 was HK$19 Mil. AAG Energy Holdings's average total inventories from the quarter that ended in Jun. 2022 to the quarter that ended in Dec. 2022 was HK$17 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. AAG Energy Holdings's Net-Net Working Capital per share for the quarter that ended in Dec. 2022 was HK$0.27.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. AAG Energy Holdings's Days Inventory for the six months ended in Dec. 2022 was 6.89.

Inventory Turnover measures how fast the company turns over its inventory within a year. AAG Energy Holdings's Inventory Turnover for the quarter that ended in Dec. 2022 was 26.47.

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. AAG Energy Holdings's Inventory-to-Revenue for the quarter that ended in Dec. 2022 was 0.01.

AAG Energy Holdings Total Inventories Historical Data

The historical data trend for AAG Energy Holdings'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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AAG Energy Holdings Total Inventories Chart

AAG Energy Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Total Inventories

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13.07

12.46

11.64

13.53

18.84

AAG Energy Holdings Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22
Total Inventories	Get a 7-Day Free Trial													11.64	13.11	13.53	15.43	18.84

AAG Energy Holdings 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.

AAG Energy Holdings (HKSE:02686) 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.

AAG Energy Holdings's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2022 is

	Net-Net Working Capital Per Share (Q: Dec. 2022 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(2443.714	+	0.75 * 543.974	+	0.5 * 18.84	-	1927.549
-	0	-	0)	/	3395.32
=	0.27

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

AAG Energy Holdings's Days Inventory for the six months ended in Dec. 2022 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2022 )	/	Cost of Goods Sold (Q: Dec. 2022 )	*	Days in Period
	=	17.133	/	453.526	*	365 / 2
	=	6.89

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

AAG Energy Holdings's Inventory Turnover for the quarter that ended in Dec. 2022 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Dec. 2022 )	/	Average Total Inventories (Q: Dec. 2022 )
	=	453.526	/	17.133
	=	26.47

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.

AAG Energy Holdings's Inventory to Revenue for the quarter that ended in Dec. 2022 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2022 )	/	Revenue (Q: Dec. 2022 )
	=	17.133	/	1380.573
	=	0.01

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.

AAG Energy Holdings Total Inventories Related Terms

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AAG Energy Holdings (HKSE:02686) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » AAG Energy Holdings Ltd (HKSE:02686) » Definitions » Total Inventories

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Traded in Other Exchanges

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Address

183 Queen’s Road Central, Unit 2506, 25th Floor, Cosco Tower, Sheung Wan, Hong Kong, HKG

Website

http://www.aagenergy.com

AAG Energy Holdings Ltd is an international energy company. It is engaged in the exploration, development, and production of coalbed methane (CBM) in the People's Republic of China. Its operating assets, the Panzhuang and Mabi concessions are located in the Southwestern part of the Qinshui Basin, which boasts CBM geological reserves of any basin in China. The Group conducts its business through two Production Sharing Contracts entered into with China United Coalbed Methane Corporation Ltd and China National Petroleum Corporation for Panzhuang and Mabi concessions respectively in Qinshui Basin, Shanxi Province of the PRC.

Executives

Zhong Guo Min Sheng Yin Hang Gu Fen You Xian Gong Si Wu Lu Mu Qi Fen Hang	2106 Person having a security interest in shares
Ming Zaiyuan	2201 Interest of corporation controlled by you
Si Chuan Li Ming Neng Yuan Kai Fa You Xian Ze Ren Gong Si	2201 Interest of corporation controlled by you
Xin Jiang Xin Tai Tian Ran Qi Gu Fen You Xian Gong Si	2201 Interest of corporation controlled by you
Xiang Gang Li Ming Kong Gu You Xian Gong Si	2101 Beneficial owner
Wisdom Treasure Holdings Inc.	2101 Beneficial owner
Weng Ming	2201 Interest of corporation controlled by you
Zou Stephen Xiangdong	2101 Beneficial owner
Xinjiang Xintai Natural Gas Co., Ltd.	2201 Interest of corporation controlled by you

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