Air China (SHSE:601111) Total Inventories : ¥4,581 Mil (As of Mar. 2024)

View and export this data going back to 2006. Start your Free Trial

What is Air China Total Inventories?

Air China's total inventories for the quarter that ended in Mar. 2024 was ¥4,581 Mil. Air China's average total inventories from the quarter that ended in Dec. 2023 to the quarter that ended in Mar. 2024 was ¥4,132 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Air China's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was ¥-16.63.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Air China's Days Inventory for the three months ended in Mar. 2024 was 9.74.

Inventory Turnover measures how fast the company turns over its inventory within a year. Air China's Inventory Turnover for the quarter that ended in Mar. 2024 was 9.37.

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. Air China's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.10.

Air China Total Inventories Historical Data

The historical data trend for Air China'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.

Air China Total Inventories Chart

Air China Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Inventories

Get a 7-Day Free Trial

2,098.67

1,853.99

2,050.28

2,557.82

3,682.82

Air China 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															3,291.22	3,680.00	3,916.85	3,682.82	4,580.83

Air China 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.

Air China (SHSE:601111) 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.

Air China'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)
=	(22469.687	+	0.75 * 4333.047	+	0.5 * 4580.834	-	306276.826
-	0	-	-2303.915)	/	16593.7
=	-16.63

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

Air China'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
	=	4131.8275	/	38728.738	*	365 / 4
	=	9.74

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

Air China'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 )
	=	38728.738	/	4131.8275
	=	9.37

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.

Air China'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 )
	=	4131.8275	/	40065.742
	=	0.10

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.

Air China Total Inventories Related Terms

Thank you for viewing the detailed overview of Air China's Total Inventories provided by GuruFocus.com. Please click on the following links to see related term pages.

Air China (SHSE:601111) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Air China Ltd (SHSE:601111) » Definitions » Total Inventories

Comparable Companies

Traded in Other Exchanges

AIRYY:USA AICAF:USA 00753:Hong Kong AD2:Germany AD2:Austria

Address

30 Tianzhu Road, Airport Industrial Zone, Blue Sky Mansion, Shunyi District, Beijing, CHN, 101312

Website

http://www.airchina.com.cn

Air China is based in Beijing. It is one of the largest state-owned airlines and the flag carrier in China. The group operated a fleet of 762 aircraft as of 2022 and carried more than 115 million passengers in prepandemic 2019. It runs a spoke-and-hub model under which it gathers and distributes passengers from air hubs such as Beijing, Chengdu, and Shanghai. The group's route network extends to over 187 destinations and 43 countries and regions.

Air China (SHSE:601111) Headlines

No Headlines