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Satellite Chemical Co (SZSE:002648) Total Inventories : ¥4,728 Mil (As of Mar. 2024)


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What is Satellite Chemical Co Total Inventories?

Satellite Chemical Co's total inventories for the quarter that ended in Mar. 2024 was ¥4,728 Mil. Satellite Chemical Co's average total inventories from the quarter that ended in Dec. 2023 to the quarter that ended in Mar. 2024 was ¥4,481 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Satellite Chemical Co's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was ¥-9.00.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Satellite Chemical Co's Days Inventory for the three months ended in Mar. 2024 was 59.28.

Inventory Turnover measures how fast the company turns over its inventory within a year. Satellite Chemical Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.54.

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. Satellite Chemical Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.51.


Satellite Chemical Co Total Inventories Historical Data

The historical data trend for Satellite Chemical 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.

Satellite Chemical Co Total Inventories Chart

Satellite Chemical 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 903.02 1,233.69 3,293.71 3,876.58 4,233.44

Satellite Chemical 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 4,236.95 3,454.96 3,661.74 4,233.44 4,727.84

Satellite Chemical 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.


Satellite Chemical Co  (SZSE:002648) 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.

Satellite Chemical 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)
=(5924.692+0.75 * 897.315+0.5 * 4727.839-39269.366
-0-26.633)/3368.65
=-9.00

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

Satellite Chemical 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
=4480.6415/6897.652*365 / 4
=59.28

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

Satellite Chemical 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 )
=6897.652 / 4480.6415
=1.54

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.

Satellite Chemical 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 )
=4480.6415 / 8804.715
=0.51

* 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.


Satellite Chemical Co Total Inventories Related Terms

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Satellite Chemical Co (SZSE:002648) Business Description

Traded in Other Exchanges
N/A
Address
Bujiao Road, Jia’xing Industrial Park, Zhejiang, CHN, 314050
Satellite Chemical Co Ltd formerly Zhejiang Satellite Petrochemical Co Ltd is a China-based acrylic acid manufacturer. It is involved in integrating research and development, production, sales and logistics of propylene, polypropylene, acrylic acid, high purity acrylic acid to an acrylic ester, polymer emulsion and high absorbent resin.
Executives
Jin Feng Fu Executives
Liu Shi Gang Executives
Yang Yu Ying Director
Cai Yong Sheng Executives
Kong Dong Independent director

Satellite Chemical Co (SZSE:002648) Headlines

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