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Fujian Qingshan Paper Industry Co (SHSE:600103) Total Inventories : ¥551 Mil (As of Mar. 2024)


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What is Fujian Qingshan Paper Industry Co Total Inventories?

Fujian Qingshan Paper Industry Co's total inventories for the quarter that ended in Mar. 2024 was ¥551 Mil. Fujian Qingshan Paper Industry Co's average total inventories from the quarter that ended in Dec. 2023 to the quarter that ended in Mar. 2024 was ¥541 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Fujian Qingshan Paper Industry Co's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was ¥0.19.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Fujian Qingshan Paper Industry Co's Days Inventory for the three months ended in Mar. 2024 was 87.44.

Inventory Turnover measures how fast the company turns over its inventory within a year. Fujian Qingshan Paper Industry Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.04.

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. Fujian Qingshan Paper Industry Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.81.


Fujian Qingshan Paper Industry Co Total Inventories Historical Data

The historical data trend for Fujian Qingshan Paper Industry Co'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.

* Premium members only.

Fujian Qingshan Paper Industry Co Total Inventories Chart

Fujian Qingshan Paper Industry Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Total Inventories
Get a 7-Day Free Trial Premium Member Only Premium Member Only 814.09 557.87 582.00 599.13 530.73

Fujian Qingshan Paper Industry Co Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Total Inventories Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 535.03 560.88 540.13 530.73 551.36

Fujian Qingshan Paper Industry Co 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.


Fujian Qingshan Paper Industry Co  (SHSE:600103) 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.

Fujian Qingshan Paper Industry Co'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)
=(2343.679+0.75 * 227.351+0.5 * 551.359-2006.11
-0-347.963)/2305.82
=0.19

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

Fujian Qingshan Paper Industry Co'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
=541.0435/564.587*365 / 4
=87.44

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

Fujian Qingshan Paper Industry Co'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 )
=564.587 / 541.0435
=1.04

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.

Fujian Qingshan Paper Industry Co'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 )
=541.0435 / 666.846
=0.81

* 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.


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.


Fujian Qingshan Paper Industry Co Total Inventories Related Terms

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Fujian Qingshan Paper Industry Co (SHSE:600103) Business Description

Traded in Other Exchanges
N/A
Address
Junzhu Road, Mawei Economic and Technology Development Zone, Fuzhou, Fujian, CHN, 365506
Fujian Qingshan Paper Industry Co Ltd is a China-based company engaged in the production and sales of paper products. Its principal products cover paper bags, pulp board, paperboard and corrugated paper products, paper products, optoelectronic products and forest products. The company distributes its products in domestic and overseas markets.
Executives
Yu Zong Yuan Directors, senior managers
Lin Xiao He Director
Pan Qi Xing senior management
Ye Yu Director
Yu Jian Ming senior management
Liang Ming Fu senior management
Lin Yan Rong Director
Liu Jie Director
Zhou Mu Sheng senior management
Huang Feng Shi senior management
Wu Bing Wen senior management

Fujian Qingshan Paper Industry Co (SHSE:600103) Headlines

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