Ganfeng Lithium Group Co (STU:39EA) Total Inventories : €890 Mil (As of Mar. 2024)

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What is Ganfeng Lithium Group Co Total Inventories?

Ganfeng Lithium Group Co's total inventories for the quarter that ended in Mar. 2024 was €890 Mil. Ganfeng Lithium Group Co's average total inventories from the quarter that ended in Dec. 2023 to the quarter that ended in Mar. 2024 was €976 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Ganfeng Lithium Group Co's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was €-2.00.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Ganfeng Lithium Group Co's Days Inventory for the three months ended in Mar. 2024 was 146.87.

Inventory Turnover measures how fast the company turns over its inventory within a year. Ganfeng Lithium Group Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.62.

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. Ganfeng Lithium Group Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 1.51.

Ganfeng Lithium Group Co Total Inventories Historical Data

The historical data trend for Ganfeng Lithium Group 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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Ganfeng Lithium Group Co Total Inventories Chart

Ganfeng Lithium Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Inventories

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299.48

278.41

456.21

1,369.09

1,061.32

Ganfeng Lithium Group 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															1,355.97	1,463.95	1,402.52	1,061.32	889.97

Ganfeng Lithium Group 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.

Ganfeng Lithium Group Co (STU:39EA) 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.

Ganfeng Lithium Group 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)
=	(1169.118	+	0.75 * 580.644	+	0.5 * 889.966	-	5276.95
-	0	-	802.105)	/	2017.17
=	-2.00

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

Ganfeng Lithium Group 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
	=	975.6435	/	606.162	*	365 / 4
	=	146.87

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

Ganfeng Lithium Group 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 )
	=	606.162	/	975.6435
	=	0.62

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.

Ganfeng Lithium Group 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 )
	=	975.6435	/	646.152
	=	1.51

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.

Ganfeng Lithium Group Co Total Inventories Related Terms

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Ganfeng Lithium Group Co (STU:39EA) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Ganfeng Lithium Group Co Ltd (STU:39EA) » Definitions » Total Inventories

Traded in Other Exchanges

GNENY:USA GNENF:USA 01772:Hong Kong 002460:China

Address

248 Queen’s Road East, 40th Floor, Dah Sing Financial Centre, Wanchai, Hong Kong, HKG

Website

http://www.ganfenglithium.com

Founded in 2000, Ganfeng is the world's third largest and China's largest lithium compounds producer and the world's largest lithium metals producer in terms of production capacity. The company offers five major categories of more than 40 lithium compounds and metals products, which is one of the most comprehensive product offerings among the suppliers globally. Starting as a midstream manufacturer of lithium compounds and lithium metals, Ganfeng has successfully expanded into a vertically integrated business model with operations along the critical stages of the industry value chain, including upstream lithium extraction, midstream lithium compounds and metals processing, and downstream lithium battery production and recycling.

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