Changzhou Fusion New Material Co (SHSE:688503) Total Inventories : ¥1,111 Mil (As of Mar. 2024)

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What is Changzhou Fusion New Material Co Total Inventories?

Changzhou Fusion New Material Co's total inventories for the quarter that ended in Mar. 2024 was ¥1,111 Mil. Changzhou Fusion New Material Co's average total inventories from the quarter that ended in Dec. 2023 to the quarter that ended in Mar. 2024 was ¥1,219 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Changzhou Fusion New Material Co's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was ¥7.04.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Changzhou Fusion New Material Co's Days Inventory for the three months ended in Mar. 2024 was 41.06.

Inventory Turnover measures how fast the company turns over its inventory within a year. Changzhou Fusion New Material Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 2.22.

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. Changzhou Fusion New Material Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.41.

Changzhou Fusion New Material Co Total Inventories Historical Data

The historical data trend for Changzhou Fusion New Material 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.

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Changzhou Fusion New Material Co Total Inventories Chart

Changzhou Fusion New Material Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Inventories

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84.84

285.67

533.47

604.60

1,327.01

Changzhou Fusion New Material Co Quarterly Data
	Dec18	Dec19	Mar20	Dec20	Mar21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Total Inventories	Get a 7-Day Free Trial											693.04	889.30	1,048.42	1,327.01	1,111.18

Changzhou Fusion New Material 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.

Changzhou Fusion New Material Co (SHSE:688503) 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.

Changzhou Fusion New Material 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)
=	(1814.686	+	0.75 * 2411.483	+	0.5 * 1111.176	-	3011.197
-	0	-	0.899)	/	165.628
=	7.04

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

Changzhou Fusion New Material 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
	=	1219.0945	/	2709.586	*	365 / 4
	=	41.06

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

Changzhou Fusion New Material 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 )
	=	2709.586	/	1219.0945
	=	2.22

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.

Changzhou Fusion New Material 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 )
	=	1219.0945	/	2953.156
	=	0.41

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.

Changzhou Fusion New Material Co Total Inventories Related Terms

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Changzhou Fusion New Material Co (SHSE:688503) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Changzhou Fusion New Material Co Ltd (SHSE:688503) » Definitions » Total Inventories

Traded in Other Exchanges

N/A

Address

No. 66 Liuyanghe Road, Xinbei District, Jiangsu Province, Changzhou, CHN, 213031

Website

http://www.fusion-cz.com

Changzhou Fusion New Material Co Ltd specializes in the research and development, production and sales of new electronic pastes. The company's main product is front silver paste for solar cells. Front silver paste is a functional material based on silver powder, which is the key material for the preparation of solar cell metal electrodes. Its product performance and preparation process are directly related to the photoelectric conversion efficiency of solar cells.

Executives

Ren Yi Chao

Core technical personnel

Changzhou Fusion New Material Co (SHSE:688503) Headlines

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