The9 (FRA:FZK0) Change In Inventory: €0.00 Mil (TTM As of Jun. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

FRA:FZK0 The9 Ltd FRA:FZK0
55 GF Score
Price €4.52
GF Value €2.78
Valuation Significantly Overvalued
! 8 Warning Signs
View Full Analysis

What is The9 Change In Inventory?

The9 FRA:FZK0 -3.83% 55 Change In Inventory is €0.00 Mil as of Jun. 2026. GuruFocus rates FRA:FZK0 with a GF Score™ of 55/100 and a GF Value™ of €2.78 (Significantly Overvalued). The stock has 8 warning signs investors should review.

The9's change in inventory for the quarter that ended in Jun. 2026 was €0.00 Mil. It means The9's inventory stayed the same from Dec. 2025 to Jun. 2026 .

The9's change in inventory for the fiscal year that ended in Dec. 2025 was €0.00 Mil. It means The9's inventory stayed the same from Dec. 2024 to Dec. 2025 .

The9's Total Inventories for the quarter that ended in Jun. 2026 was €0.00 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. The9's Days Inventory for the quarter that ended in Jun. 2026 was 0.00.

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

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. The9's Inventory-to-Revenue for the quarter that ended in Jun. 2026 was 0.00.


The9  (FRA:FZK0) Change In Inventory Explanation

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

The9's Days Inventory for the quarter that ended in is calculated as:

Days Inventory=Average Total Inventories/Cost of Goods Sold*Days in Period
=0/1.664*365 / 2
=0.00

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

The9's Inventory Turnover for the quarter that ended in Jun. 2026 is calculated as

3. 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.

The9's Inventory to Revenue for the quarter that ended in Jun. 2026 is calculated as

* 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.


The9 Change In Inventory Related Terms


The9 Change In Inventory Historical Data

* Premium members only.

The historical data trend for The9's Change In Inventory 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.

The9 Change In Inventory Chart

The9 Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Change In Inventory
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 0.00

The9 Semi-Annual Data
Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25 Jun26
Change In Inventory 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 0.00 0.00 0.00 0.00 0.00
FRA:FZK0
55GF Score
The9 Ltd FRA:FZK0
Change In Inventory is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

The9 Change In Inventory Calculation

Change In Inventory is the difference between last period's ending inventory and the current period's ending inventory.

Change In Inventory for the trailing twelve months (TTM) ended in Jun. 2026 adds up the semi-annually data reported by the company within the most recent 12 months, which was €0.00 Mil.

* 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.

Frequently Asked Questions Learn more about Change In Inventory →
What does a Change In Inventory of €0.00 Mil mean?
The9 (FRA:FZK0) has a Change In Inventory of €0.00 Mil as of Jun. 2026. Change in Inventory is the difference between current-period inventory and past-period inventory. View historical data for The9 and its competitors.
Is The9's Change In Inventory too high?
The9's current Change In Inventory is €0.00 Mil. Overall, The9 has a GF Score™ of 55/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does The9's Change In Inventory compare to BTCS and PLUT?
The9's Change In Inventory of €0.00 Mil can be compared against companies in the Capital Markets industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Change In Inventory for a Capital Markets company?
A good Change In Inventory depends on the Capital Markets industry context. However, Change In Inventory should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Change In Inventory mean?
A high Change In Inventory can signal that a stock is expensive relative to its fundamentals. Change in Inventory is the difference between current-period inventory and past-period inventory. View historical data for The9 and its competitors. The9's current Change In Inventory is €0.00 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is The9 stock overvalued right now?
Based on GuruFocus' analysis, The9 (FRA:FZK0) is currently considered Significantly Overvalued. The stock's GF Value™ is €2.78, compared to a current price of €4.52 — trading 62.6% above its estimated fair value. The current Change In Inventory is €0.00 Mil. The9's overall GF Score™ is 55/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Change In Inventory calculated?
Change In Inventory is calculated from a company's financial statements. For The9 (FRA:FZK0), the current Change In Inventory is €0.00 Mil as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is The9 (FRA:FZK0) Overvalued in 2026?

Based on GuruFocus' analysis, The9 stock appears to be overvalued. The current stock price of €4.52 is trading 62.6% above its estimated GF Value™ of €2.78. GuruFocus considers The9 to be Significantly Overvalued.

Key valuation signals for FRA:FZK0:

  • Change In Inventory: €0.00 Mil
  • GF Value™: €2.78 vs. price of €4.52 (62.6% above fair value)
  • GF Score™: 55/100 with 8 warning signs

No single metric tells the full story. See the FRA:FZK0 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


The9 Business Description

Other Exchanges NCTY:USA
Address No.130 Wu Song Road, 17 Floor, Hong Kou District, Shanghai, CHN, 200080
The9 Ltd operates a cryptocurrency mining business. It provides computing power, or hash rate, to a Bitcoin mining pool and is entitled to receive a fractional share of Bitcoin award from the Bitcoin mining pool in return. The company generates its revenues from customers in Greater China, Asia/Eastern Europe, and North America. Its segments are: Crypto mining business, and Online game services, out of which Crypto mining business derives maximum revenue.
55GF Score

Get the complete analysis for FRA:FZK0

Change In Inventory is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€4.52
Price
€2.78
GF Value