China Railway Signalmmunication (HKSE:03969) Total Inventories : HK$3,507 Mil (As of Dec. 2023)

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What is China Railway Signalmmunication Total Inventories?

China Railway Signalmmunication's total inventories for the quarter that ended in Dec. 2023 was HK$3,507 Mil. China Railway Signalmmunication's average total inventories from the quarter that ended in Sep. 2023 to the quarter that ended in Dec. 2023 was HK$3,340 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. China Railway Signalmmunication's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was HK$-3.19.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. China Railway Signalmmunication's Days Inventory for the three months ended in Dec. 2023 was 30.67.

Inventory Turnover measures how fast the company turns over its inventory within a year. China Railway Signalmmunication's Inventory Turnover for the quarter that ended in Dec. 2023 was 2.97.

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 Railway Signalmmunication's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.25.

China Railway Signalmmunication Total Inventories Historical Data

The historical data trend for China Railway Signalmmunication'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 Railway Signalmmunication Total Inventories Chart

China Railway Signalmmunication Annual Data

Trend

Dec14

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Dec16

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Dec19

Dec20

Dec21

Dec22

Dec23

Total Inventories

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2,448.90

2,950.76

3,052.29

2,656.40

3,506.86

China Railway Signalmmunication Quarterly Data
	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Sep22	Dec22	Jun23	Sep23	Dec23	Mar24
Total Inventories	Get a 7-Day Free Trial															2,656.40	3,248.86	3,172.90	3,506.86	-

China Railway Signalmmunication 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 Railway Signalmmunication (HKSE:03969) 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 Railway Signalmmunication'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)
=	(24691.013	+	0.75 * 25020.791	+	0.5 * 3506.855	-	76691.021
-	0	-	2256.228)	/	10589.8
=	-3.19

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

China Railway Signalmmunication'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
	=	3339.876	/	9935.958	*	365 / 4
	=	30.67

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

China Railway Signalmmunication'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 )
	=	9935.958	/	3339.876
	=	2.97

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 Railway Signalmmunication'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 )
	=	3339.876	/	13536.049
	=	0.25

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 Railway Signalmmunication Total Inventories Related Terms

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China Railway Signalmmunication (HKSE:03969) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » China Railway Signal & Communication Corp Ltd (HKSE:03969) » Definitions » Total Inventories

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CRYCY:USA 688009:China

Address

Automobile Museum South Road, CRSC Building, 1 Compound, Fengtai District, 20th Floor, Beijing, CHN, 100070

Website

http://www.crsc.cn

China Railway Signal & Communication Corp Ltd provides products and services on the entire industrial chain of rail transit control systems. The company's operating segments are the rail transportation control system segment which provides specialized three-in-one services of design and integration, equipment manufacturing, and system implementation services for rail transportation control systems, General project contracting segment engages in the provision of services relating to municipal and other construction projects, other segments mainly engage in trading. The firm generates a majority of its revenue from the rail transportation control system segment.

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