China Resources Microelectronics (SHSE:688396) Total Inventories : ¥2,027 Mil (As of Mar. 2024)

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What is China Resources Microelectronics Total Inventories?

China Resources Microelectronics's total inventories for the quarter that ended in Mar. 2024 was ¥2,027 Mil. China Resources Microelectronics's average total inventories from the quarter that ended in Dec. 2023 to the quarter that ended in Mar. 2024 was ¥1,996 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. China Resources Microelectronics's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was ¥2.46.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. China Resources Microelectronics's Days Inventory for the three months ended in Mar. 2024 was 117.09.

Inventory Turnover measures how fast the company turns over its inventory within a year. China Resources Microelectronics's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.78.

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 Resources Microelectronics's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.94.

China Resources Microelectronics Total Inventories Historical Data

The historical data trend for China Resources Microelectronics'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 Resources Microelectronics Total Inventories Chart

China Resources Microelectronics Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Inventories

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1,054.76

1,269.23

1,547.93

1,876.50

1,965.74

China Resources Microelectronics 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															2,033.69	1,957.81	2,102.03	1,965.74	2,026.71

China Resources Microelectronics 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 Resources Microelectronics (SHSE:688396) 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 Resources Microelectronics'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)
=	(9027.843	+	0.75 * 1135.837	+	0.5 * 2026.713	-	5578.991
-	0	-	2056.358)	/	1323.52
=	2.46

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

China Resources Microelectronics'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
	=	1996.228	/	1555.677	*	365 / 4
	=	117.09

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

China Resources Microelectronics'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 )
	=	1555.677	/	1996.228
	=	0.78

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 Resources Microelectronics'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 )
	=	1996.228	/	2115.859
	=	0.94

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 Resources Microelectronics Total Inventories Related Terms

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China Resources Microelectronics (SHSE:688396) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » China Resources Microelectronics Ltd (SHSE:688396) » Definitions » Total Inventories

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 14, Liangxi Road, Jiangsu Province, Wuxi, CHN, 214061

Website

https://www.crmicro.com

China Resources Microelectronics Ltd is engaged in the design, production, and sales of power semiconductors, smart sensors, and smart control products, as well as provides manufacturing services such as open wafer manufacturing, packaging, and testing. The company's product portfolio includes power components, MOSFET, IGBT, BJT and DIODES, Power IC, Power modules, Smart sensors, and intelligent controls.

Executives

Zhang Sen	Core technical personnel
You Yong	Core technical personnel
Wu Quan Qing	Core technical personnel
Luo Xian Cai	Core technical personnel
Ding Dong Min	Core technical personnel
Duan Jun	senior management
Li Hong	Directors, senior managers, core technical personn
Wu Jian Zhong	Core technical personnel
Xia Zhang Feng	Core technical personnel
Ma Wei Qing	Senior management, core technical personnel
Zhuang Heng Qian	senior management
Chun Yu Jiang Min	Core technical personnel
Wu Guo Yi	Directors, senior managers
Zheng Chen Yan	Core technical personnel
Li Ge	senior management

China Resources Microelectronics (SHSE:688396) Headlines

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