China Energy Engineering (HKSE:03996) Total Inventories : HK$88,129 Mil (As of Mar. 2024)

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What is China Energy Engineering Total Inventories?

China Energy Engineering's total inventories for the quarter that ended in Mar. 2024 was HK$88,129 Mil. China Energy Engineering's average total inventories from the quarter that ended in Dec. 2023 to the quarter that ended in Mar. 2024 was HK$81,230 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. China Energy Engineering's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was HK$-13.75.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. China Energy Engineering's Days Inventory for the three months ended in Mar. 2024 was 78.46.

Inventory Turnover measures how fast the company turns over its inventory within a year. China Energy Engineering's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.16.

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 Energy Engineering's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.77.

China Energy Engineering Total Inventories Historical Data

The historical data trend for China Energy Engineering'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 Energy Engineering Total Inventories Chart

China Energy Engineering Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Inventories

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68,937.80

72,938.86

71,765.27

68,545.25

74,330.77

China Energy Engineering Quarterly Data
	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Total Inventories	Get a 7-Day Free Trial															-	72,679.34	75,394.61	74,330.77	88,129.32

China Energy Engineering 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 Energy Engineering (HKSE:03996) 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 Energy Engineering'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)
=	(74083.672	+	0.75 * 96613.469	+	0.5 * 88129.322	-	678398.272
-	0	-	85480.157)	/	41691.2
=	-13.75

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

China Energy Engineering'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
	=	81230.048	/	94477.342	*	365 / 4
	=	78.46

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

China Energy Engineering'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 )
	=	94477.342	/	81230.048
	=	1.16

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 Energy Engineering'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 )
	=	81230.048	/	105810.041
	=	0.77

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 Energy Engineering Total Inventories Related Terms

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China Energy Engineering (HKSE:03996) Business Description

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2E5:Germany 601868:China

Address

No. 26A West Dawang Road, Building 1, Room 01-2706, 1-24th Floor, Chaoyang District, Beijing, CHN, 100022

Website

https://www.ceec.net.cn

China Energy Engineering Corporation Ltd comprehensive solutions provider for the power industry in China and internationally. It is mainly engaged in Survey, design, and consulting services; Construction and contracting; Industrial manufacturing; Investment and operation; and other businesses. The company generates the majority of revenue from construction and contracting services for large scale power generation, transformation and transmission projects of fossil-fuel power, hydropower, nuclear power, wind farm and solar power in China and overseas, as well as undertaking other types of construction projects, such as water conservancy facilities, transportation, municipal engineering, industrial and civil construction projects.

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