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Asia-Potash International Investment (Guangzhou) Co (SZSE:000893) Total Inventories : ¥495 Mil (As of Mar. 2024)


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What is Asia-Potash International Investment (Guangzhou) Co Total Inventories?

Asia-Potash International Investment (Guangzhou) Co's total inventories for the quarter that ended in Mar. 2024 was ¥495 Mil. Asia-Potash International Investment (Guangzhou) Co's average total inventories from the quarter that ended in Dec. 2023 to the quarter that ended in Mar. 2024 was ¥456 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Asia-Potash International Investment (Guangzhou) Co's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was ¥-4.56.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Asia-Potash International Investment (Guangzhou) Co's Days Inventory for the three months ended in Mar. 2024 was 140.01.

Inventory Turnover measures how fast the company turns over its inventory within a year. Asia-Potash International Investment (Guangzhou) Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.65.

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. Asia-Potash International Investment (Guangzhou) Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.72.


Asia-Potash International Investment (Guangzhou) Co Total Inventories Historical Data

The historical data trend for Asia-Potash International Investment (Guangzhou) 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.

Asia-Potash International Investment (Guangzhou) Co Total Inventories Chart

Asia-Potash International Investment (Guangzhou) 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 63.71 74.12 75.86 188.92 417.06

Asia-Potash International Investment (Guangzhou) 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 243.84 242.42 312.48 417.06 494.63

Asia-Potash International Investment (Guangzhou) 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.


Asia-Potash International Investment (Guangzhou) Co  (SZSE:000893) 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.

Asia-Potash International Investment (Guangzhou) 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)
=(564.358+0.75 * 114.305+0.5 * 494.629-3727.893
-0-1402.292)/928.851
=-4.56

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

Asia-Potash International Investment (Guangzhou) 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
=455.8445/297.099*365 / 4
=140.01

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

Asia-Potash International Investment (Guangzhou) 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 )
=297.099 / 455.8445
=0.65

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.

Asia-Potash International Investment (Guangzhou) 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 )
=455.8445 / 633.276
=0.72

* 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.


Asia-Potash International Investment (Guangzhou) Co Total Inventories Related Terms

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Asia-Potash International Investment (Guangzhou) Co (SZSE:000893) Business Description

Traded in Other Exchanges
N/A
Address
No. 1166 Xin Gang East Road, 19th Floor, South Tower, International Commerce Place, Guangzhou, CHN, 510330
Asia-Potash International Investment (Guangzhou) Co Ltd, formerly Donlinks International Investment Co Ltd is primarily involved in the grain trading activities. It trades in corns, sorghums, feeds barleys, DDGs, and others. Further, it is also engaged in the business of overseas dry bulk carriers such as coal and iron ore and provides logistics solution. The business activities are carried out through China.
Executives
Chen Xue Ping Executives
Yu Long Executives
Lai Ning Chang Director
Li Chao Bo Supervisors
Jiang Yi Director
Xu Ji Ping Director
Ma Kai Directors, executives
Hou Xun Tian Director
Tian Yan Directors, executives
Xu Jian Fei Executives
Shi Ge Yan Executives
Rao Zhi Long Directors, executives
Liu Jie Executives

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