GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Edifier Technology Co Ltd (SZSE:002351) » Definitions » Total Inventories

Edifier Technology Co (SZSE:002351) Total Inventories : ¥405 Mil (As of Mar. 2024)


View and export this data going back to 2010. Start your Free Trial

What is Edifier Technology Co Total Inventories?

Edifier Technology Co's total inventories for the quarter that ended in Mar. 2024 was ¥405 Mil. Edifier Technology Co's average total inventories from the quarter that ended in Dec. 2023 to the quarter that ended in Mar. 2024 was ¥453 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Edifier Technology Co's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was ¥2.03.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Edifier Technology Co's Days Inventory for the three months ended in Mar. 2024 was 101.55.

Inventory Turnover measures how fast the company turns over its inventory within a year. Edifier Technology Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.90.

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. Edifier Technology Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.67.


Edifier Technology Co Total Inventories Historical Data

The historical data trend for Edifier Technology 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.

Edifier Technology Co Total Inventories Chart

Edifier Technology 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 458.58 575.25 579.38 497.87 500.80

Edifier Technology 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 440.13 393.56 498.72 500.80 404.85

Edifier Technology 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.


Edifier Technology Co  (SZSE:002351) 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.

Edifier Technology 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)
=(2013.558+0.75 * 209.071+0.5 * 404.847-495.857
-0-76.094)/889.107
=2.03

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

Edifier Technology 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
=452.825/406.913*365 / 4
=101.55

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

Edifier Technology 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 )
=406.913 / 452.825
=0.90

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.

Edifier Technology 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 )
=452.825 / 679.057
=0.67

* 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.


Edifier Technology Co Total Inventories Related Terms

Thank you for viewing the detailed overview of Edifier Technology Co's Total Inventories provided by GuruFocus.com. Please click on the following links to see related term pages.


Edifier Technology Co (SZSE:002351) Business Description

Traded in Other Exchanges
N/A
Address
No.9998 Shennan Road, Unit 9, 22nd Floor, Wanlida Technology Building, Science and Technology Park, Nanshan District, Guangdong, Shenzhen, CHN, 518057
Edifier Technology Co Ltd, a Chinese company, is principally engaged in the research and development of audio technology and its product applications. The company's core business products are professional multimedia audio and home audio equipment. It offers headphones, bookshelf speakers, computer speakers, TV and Home theater, sound bar, and other products. It sells its products in China and other countries.
Executives
Xiao Min Directors, executives
Zhang Wen Dong Directors, executives
Zhang Wen Sheng Directors, executives
Wang Xiao Hong Director
Wang Hong Rong Executives
Wen Yu Executives
Deng Long Mu Executives
Wang Jiu Jun Supervisors
Fan Gang Juan Supervisors
Director
Kong Yu Quan Independent director
Xu Bin Director
Wang Jiu Kui Supervisors

Edifier Technology Co (SZSE:002351) Headlines

No Headlines