Lithium & Boron Technology (Lithium & Boron Technology) Total Inventories : $0.28 Mil (As of Jun. 2022)

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What is Lithium & Boron Technology Total Inventories?

Lithium & Boron Technology's total inventories for the quarter that ended in Jun. 2022 was $0.28 Mil. Lithium & Boron Technology's average total inventories from the quarter that ended in Mar. 2022 to the quarter that ended in Jun. 2022 was $0.14 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Lithium & Boron Technology's Net-Net Working Capital per share for the quarter that ended in Jun. 2022 was $-0.03.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Lithium & Boron Technology's Days Inventory for the three months ended in Jun. 2022 was 37.78.

Inventory Turnover measures how fast the company turns over its inventory within a year. Lithium & Boron Technology's Inventory Turnover for the quarter that ended in Jun. 2022 was 2.42.

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. Lithium & Boron Technology's Inventory-to-Revenue for the quarter that ended in Jun. 2022 was 0.47.

Lithium & Boron Technology Total Inventories Historical Data

The historical data trend for Lithium & Boron Technology'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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Lithium & Boron Technology Total Inventories Chart

Lithium & Boron Technology Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Total Inventories

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0.30

1.74

1.80

1.18

0.01

Lithium & Boron Technology Quarterly Data
	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22
Total Inventories	Get a 7-Day Free Trial															0.35	0.25	0.01	0.01	0.28

Lithium & Boron Technology 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.

Lithium & Boron Technology (OTCPK:LBTI) 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.

Lithium & Boron Technology's Net-Net Working Capital Per Share for the quarter that ended in Jun. 2022 is

	Net-Net Working Capital Per Share (Q: Jun. 2022 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(0.635	+	0.75 * 0.027	+	0.5 * 0.284	-	6.483
-	0	-	0.532)	/	185.968
=	-0.03

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

Lithium & Boron Technology's Days Inventory for the three months ended in Jun. 2022 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jun. 2022 )	/	Cost of Goods Sold (Q: Jun. 2022 )	*	Days in Period
	=	0.1445	/	0.349	*	365 / 4
	=	37.78

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

Lithium & Boron Technology's Inventory Turnover for the quarter that ended in Jun. 2022 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Jun. 2022 )	/	Average Total Inventories (Q: Jun. 2022 )
	=	0.349	/	0.1445
	=	2.42

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.

Lithium & Boron Technology's Inventory to Revenue for the quarter that ended in Jun. 2022 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jun. 2022 )	/	Revenue (Q: Jun. 2022 )
	=	0.1445	/	0.31
	=	0.47

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.

Lithium & Boron Technology Total Inventories Related Terms

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Lithium & Boron Technology (Lithium & Boron Technology) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Lithium & Boron Technology Inc (OTCPK:LBTI) » Definitions » Total Inventories

Comparable Companies

Traded in Other Exchanges

N/A

Address

60 East Ren-Min Road, Xai Xi County, Qing Hai Province, Da-Chai Dan, CHN, 817000

Website

http://www.lithiumborontech.com

Lithium & Boron Technology Inc is a Chinese boric acid manufacturing company. The company through its holding manufactures and sells boric acid and related compounds for industrial and consumer use. It offers boric acid manufacturing facilities to produce lithium carbonate for the rapidly growing electric vehicle battery market in China.

Executives

Jimin Zhang	10 percent owner	33 DENG SHI DOU STREET, BEJING F4 100006
Ginko International Investment Co., Ltd	10 percent owner	WICKHAMS CAY II, ROAD TOWN, TORTOLA D8 VG1110
Jian Zhang	10 percent owner	60 EAST REN-MIN ROAD, DA-CHAI-DAN TOWN, XAIXI COUNTY,QING HAI PROVINCE F4 813300
Mao Zhang	director, 10 percent owner	60 EAST REN-MIN ROAD, DA-CHAI-DAN TOWN, XAIXI COUNTY,QING HAI PROVINCE F4 813300
Huajun Ai	officer: Corporate Secretary	C/O SMARTHEAT, A-1,10, STREET 7, SHENYANG F4 110027
Northtech Holdings Inc.	10 percent owner	MILL MALL 6 WICKHAMS CAY1, P. O. BOX 3085 ROAD TOWN, TORTOLA D8 VG1110
Kenneth E. Scipta	director	4045 CENTER POINTE PLACE, SARASOTA FL 34233
Michael Wilhelm	officer: Chief Financial Officer	6529 N. OSHKOSH AVENUE, CHICAGO IL 60631
Oliver Bialowons	director, officer: President	SCHREIBERSTR 38, STUTTGART 2M 70199
Qingtai Kong	director	A-1,10,STREET 7,SHENYANG ECON&TECH ZONE, C/O SMARTHEAT INC., SHENYANG F4 110141
Xudong Wang	officer: VP of Strategy and Development	C/O SMARTHEAT INC, A-1 TO ST 7 SHENYANG ECO & TECH DEV ZONE, SHENYANG F4 110027
Xin Li	director	C/O SMARTHEAT INC, A-1 10 STREET 7, SHENYANG F4 110027
Arnold Staloff	director	1605 MAYFLOWER LANE, CHERRY HILL NJ 08003
Fredric W Rittereiser	director	C/O UTTC 1900 MARKET ST, STE 701, PHILADELPHIA PA 19103
Wenbin Lin	director	C/O SMARTHEAT,A-1,10, STREET 7, SHENYANG ECON & TECH DEV. ZONE, SHENYANG F4 110027

Lithium & Boron Technology (Lithium & Boron Technology) Headlines

From GuruFocus

Lithium & Boron Technology Announces Breakthrough Technology For Lithium Carbonate Production Used in Electric Vehicle and Energy Storage Batteries

By PRNewswire PRNewswire • 11-11-2021