Zenner Metering Technology (Shanghai) (SZSE:301303) Total Inventories : ¥227 Mil (As of Mar. 2024)

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What is Zenner Metering Technology (Shanghai) Total Inventories?

Zenner Metering Technology (Shanghai)'s total inventories for the quarter that ended in Mar. 2024 was ¥227 Mil. Zenner Metering Technology (Shanghai)'s average total inventories from the quarter that ended in Dec. 2023 to the quarter that ended in Mar. 2024 was ¥235 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Zenner Metering Technology (Shanghai)'s Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was ¥2.18.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Zenner Metering Technology (Shanghai)'s Days Inventory for the three months ended in Mar. 2024 was 137.83.

Inventory Turnover measures how fast the company turns over its inventory within a year. Zenner Metering Technology (Shanghai)'s Inventory Turnover for the quarter that ended in Mar. 2024 was 0.66.

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. Zenner Metering Technology (Shanghai)'s Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.87.

Zenner Metering Technology (Shanghai) Total Inventories Historical Data

The historical data trend for Zenner Metering Technology (Shanghai)'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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Zenner Metering Technology (Shanghai) Total Inventories Chart

Zenner Metering Technology (Shanghai) Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Inventories

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73.86

130.39

195.43

236.59

243.44

Zenner Metering Technology (Shanghai) Quarterly Data
	Dec18	Dec19	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Total Inventories	Get a 7-Day Free Trial											236.22	264.75	217.66	243.44	226.55

Zenner Metering Technology (Shanghai) 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.

Zenner Metering Technology (Shanghai) (SZSE:301303) 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.

Zenner Metering Technology (Shanghai)'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)
=	(535.111	+	0.75 * 793.94	+	0.5 * 226.548	-	593.086
-	0	-	15.238)	/	292
=	2.18

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

Zenner Metering Technology (Shanghai)'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
	=	234.9925	/	155.576	*	365 / 4
	=	137.83

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

Zenner Metering Technology (Shanghai)'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 )
	=	155.576	/	234.9925
	=	0.66

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.

Zenner Metering Technology (Shanghai)'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 )
	=	234.9925	/	270.763
	=	0.87

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.

Zenner Metering Technology (Shanghai) Total Inventories Related Terms

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Zenner Metering Technology (Shanghai) (SZSE:301303) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Zenner Metering Technology (Shanghai) Ltd (SZSE:301303) » Definitions » Total Inventories

Traded in Other Exchanges

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Address

No. 6558 Yinggang East Road, Building 4, Qingpu District, Shanghai, CHN, 201703

Website

https://www.zenner-metering.com

Zenner Metering Technology (Shanghai) Ltd is engaged in the research and development, manufacture and sales of gas metering instruments and supporting products. The main products are wide-range series civil membrane gas meters and industrial and commercial membrane gas meters, NB-IoT IoT gas meters, wireless remote transmission gas meters, IC card smart gas meters, ultrasonic gas meters, ultrasonic flow meters, smart gas waist wheels Flow meter & turbine flow meter, IoT intelligent controller, bellows, ATM self-service payment system, Bluetooth smart card and iGasLink smart gas information cloud platform based on cloud service.

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