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IEIT Systems Co (SZSE:000977) Total Inventories : ¥24,290 Mil (As of Mar. 2024)


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What is IEIT Systems Co Total Inventories?

IEIT Systems Co's total inventories for the quarter that ended in Mar. 2024 was ¥24,290 Mil. IEIT Systems Co's average total inventories from the quarter that ended in Dec. 2023 to the quarter that ended in Mar. 2024 was ¥21,702 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. IEIT Systems Co's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was ¥-2.79.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. IEIT Systems Co's Days Inventory for the three months ended in Mar. 2024 was 122.36.

Inventory Turnover measures how fast the company turns over its inventory within a year. IEIT Systems Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.75.

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. IEIT Systems Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 1.23.


IEIT Systems Co Total Inventories Historical Data

The historical data trend for IEIT Systems 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.

IEIT Systems Co Total Inventories Chart

IEIT Systems 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 8,567.62 10,943.26 22,402.23 15,024.92 19,114.57

IEIT Systems 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 17,550.58 20,004.67 21,100.86 19,114.57 24,289.96

IEIT Systems 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.


IEIT Systems Co  (SZSE:000977) 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.

IEIT Systems 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)
=(7195.568+0.75 * 10965.848+0.5 * 24289.959-31347.648
-0-327.591)/1472.14
=-2.79

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

IEIT Systems 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
=21702.264/16184.246*365 / 4
=122.36

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

IEIT Systems 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 )
=16184.246 / 21702.264
=0.75

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.

IEIT Systems 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 )
=21702.264 / 17606.575
=1.23

* 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.


IEIT Systems Co Total Inventories Related Terms

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IEIT Systems Co (SZSE:000977) Business Description

Traded in Other Exchanges
N/A
Address
1036 Langchao Road, Shandong Province, Jinan, CHN, 250101
IEIT Systems Co Ltd formerly Inspur Electronic Information Industry Co Ltd is a China-based cloud computing, big data service provider. It is engaged in providing cloud computing solutions and services at IaaS, PaaS and SaaS levels. Its products include rack servers, blade systems, mission-critical systems, storage devices, mainframe security products and others. The company assists customers to build platforms underpinned by cloud computing infrastructure and based on its information software for governments, enterprises, and industries, terminal products, and solutions, the company support governments, enterprises, and industries in cloud construction. The company ships its IT products and services internationally.
Executives
Huang Jia Ming Executives
Wu Long Directors, executives
Gong Wei Feng Executives
Chen Bin Supervisors
Pang Song Tao Director
Kong Liang Executives
Guo Ji Jun Executives
Hu Lei Jun Executives
Zhang Ai Cheng Executives

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