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Pangang Group Vanadium & Titanium Resources Co (SZSE:000629) Total Inventories : ¥1,032 Mil (As of Mar. 2024)


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What is Pangang Group Vanadium & Titanium Resources Co Total Inventories?

Pangang Group Vanadium & Titanium Resources Co's total inventories for the quarter that ended in Mar. 2024 was ¥1,032 Mil. Pangang Group Vanadium & Titanium Resources Co's average total inventories from the quarter that ended in Dec. 2023 to the quarter that ended in Mar. 2024 was ¥1,068 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Pangang Group Vanadium & Titanium Resources Co's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was ¥-0.15.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Pangang Group Vanadium & Titanium Resources Co's Days Inventory for the three months ended in Mar. 2024 was 29.56.

Inventory Turnover measures how fast the company turns over its inventory within a year. Pangang Group Vanadium & Titanium Resources Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 3.09.

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. Pangang Group Vanadium & Titanium Resources Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.30.


Pangang Group Vanadium & Titanium Resources Co Total Inventories Historical Data

The historical data trend for Pangang Group Vanadium & Titanium Resources 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.

Pangang Group Vanadium & Titanium Resources Co Total Inventories Chart

Pangang Group Vanadium & Titanium Resources 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 818.90 953.20 1,121.35 985.03 1,103.51

Pangang Group Vanadium & Titanium Resources 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 905.07 857.90 896.58 1,103.51 1,032.43

Pangang Group Vanadium & Titanium Resources 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.


Pangang Group Vanadium & Titanium Resources Co  (SZSE:000629) 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.

Pangang Group Vanadium & Titanium Resources 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)
=(1070.426+0.75 * 180.219+0.5 * 1032.426-2656.593
-0-420.968)/9295.03
=-0.15

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

Pangang Group Vanadium & Titanium Resources 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
=1067.966/3296.609*365 / 4
=29.56

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

Pangang Group Vanadium & Titanium Resources 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 )
=3296.609 / 1067.966
=3.09

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.

Pangang Group Vanadium & Titanium Resources 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 )
=1067.966 / 3586.292
=0.30

* 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.


Pangang Group Vanadium & Titanium Resources Co Total Inventories Related Terms

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Pangang Group Vanadium & Titanium Resources Co (SZSE:000629) Business Description

Traded in Other Exchanges
N/A
Address
West Section of Gangcheng Avenue, Panzhihua Culture Square, No. 21, East District, Sichuan Province, Panzhihua, CHN, 617067
Pangang Group Vanadium Titanium & Resources Co Ltd is engaged in manufacturing and distributing vanadium pentoxide, vanadium iron, high-vanadium iron, vanadium trioxide, vanadium nitrogen alloy, titanium dioxide, and titanium dioxide. The company products are used in steel, chemical, military, electronics, and other industries.
Executives
Zhang Yu Dong Supervisors
Xie Zheng Min Executives
Liu Jie Director
Zheng Yong Xiong Supervisors
Du Si Hong Executives
Zhang Da De Director
Wang Zhang Min Executives
Zhang Zhi Jie Supervisors
Sun Ren Xiao Director
Tian Ye Director
Liu Jun Executives
Xue Pei Hua Executives
Xue Shi Cheng Director
Jiao Jing Min Executives
Liu Xin Hui Supervisors

Pangang Group Vanadium & Titanium Resources Co (SZSE:000629) Headlines

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