STO Express Co (SZSE:002468) Total Inventories : ¥96 Mil (As of Mar. 2024)

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What is STO Express Co Total Inventories?

STO Express Co's total inventories for the quarter that ended in Mar. 2024 was ¥96 Mil. STO Express Co's average total inventories from the quarter that ended in Dec. 2023 to the quarter that ended in Mar. 2024 was ¥92 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. STO Express Co's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was ¥-7.43.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. STO Express Co's Days Inventory for the three months ended in Mar. 2024 was 0.88.

Inventory Turnover measures how fast the company turns over its inventory within a year. STO Express Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 103.75.

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. STO Express Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.01.

STO Express Co Total Inventories Historical Data

The historical data trend for STO Express 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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STO Express Co Total Inventories Chart

STO Express Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Inventories

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40.67

64.49

54.54

43.58

87.80

STO Express 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															52.18	64.08	87.77	87.80	96.03

STO Express 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.

STO Express Co (SZSE:002468) 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.

STO Express 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)
=	(2919.553	+	0.75 * 645.131	+	0.5 * 96.026	-	14804.207
-	0	-	27.605)	/	1530.8
=	-7.43

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

STO Express 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
	=	91.9115	/	9536.071	*	365 / 4
	=	0.88

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

STO Express 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 )
	=	9536.071	/	91.9115
	=	103.75

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.

STO Express 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 )
	=	91.9115	/	10131.808
	=	0.01

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.

STO Express Co Total Inventories Related Terms

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STO Express Co (SZSE:002468) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » STO Express Co Ltd (SZSE:002468) » Definitions » Total Inventories

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 25, Lane 6598, Beiqing Road, Yibang International Office Building, Qingpu District, Shanghai, CHN, 201706

Website

http://www.sto.cn

STO Express is one of the "Tongdas", which refers to the top four national express delivery companies that adopt the network partner model. Tongdas provide line-haul transportation, sorting, and waybill services to its network partners for fees, while its local network partners provide first-mile pickup and last-mile delivery services under the Tongdas' brands and collect the payments. STO was founded in 1993 by Nie Tengfei, who passed away in 1998. His ex-wife Chen Xiaoying's brother Chen Dejun is now the Chairman and General Manager, with a 28% stake, and Ms. Chen owned a 5% stake as of Dec. 31, 2022. STO's strategic shareholder is Cainiao Smart Logistics Network, with a 25% stake. Alibaba can exercise its share options to purchase 21% of STO before Dec. 27, 2025 at CNY 16.50 per share.

Executives

Xiong Da Hai	Executives
Chen De Jun	Directors, executives
Qiu Cheng	Supervisors
Chen Xu	Executives
Luo Rong	Securities Affairs Representative

STO Express Co (SZSE:002468) Headlines

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