ZHGWF (Zhengwei Group Holdings Co) Inventory Turnover : 3.01 (As of Dec. 2024)

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What is Zhengwei Group Holdings Co Inventory Turnover?

Inventory Turnover measures how fast the company turns over its inventory within a year. It is calculated as Cost of Goods Sold divided by Total Inventories. Zhengwei Group Holdings Co's Cost of Goods Sold for the six months ended in Dec. 2024 was $40.05 Mil. Zhengwei Group Holdings Co's Average Total Inventories for the quarter that ended in Dec. 2024 was $13.29 Mil. Zhengwei Group Holdings Co's Inventory Turnover for the quarter that ended in Dec. 2024 was 3.01.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Zhengwei Group Holdings Co's Days Inventory for the six months ended in Dec. 2024 was 60.57.

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. Zhengwei Group Holdings Co's Inventory-to-Revenue for the quarter that ended in Dec. 2024 was 0.32.

Zhengwei Group Holdings Co Inventory Turnover Historical Data

The historical data trend for Zhengwei Group Holdings Co's Inventory Turnover 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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Zhengwei Group Holdings Co Inventory Turnover Chart

Zhengwei Group Holdings Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Inventory Turnover

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2.46

2.31

2.29

3.12

5.49

Zhengwei Group Holdings Co Semi-Annual Data
	Dec19	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Inventory Turnover	Get a 7-Day Free Trial					1.30	1.49	1.94	3.32	3.01

Zhengwei Group Holdings Co Inventory Turnover Calculation

Zhengwei Group Holdings Co's Inventory Turnover for the fiscal year that ended in Dec. 2024 is calculated as

	Inventory Turnover (A: Dec. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2024 )	/ (	(Total Inventories (A: Dec. 2023 )	+	Total Inventories (A: Dec. 2024 ))	/	count )
=	80.845	/ (	(13.763	+	15.685)	/	2 )
=	80.845	/	14.724
=	5.49

Zhengwei Group Holdings Co's Inventory Turnover for the quarter that ended in Dec. 2024 is calculated as

	Inventory Turnover (Q: Dec. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2024 )	/ (	(Total Inventories (Q: Jun. 2024 )	+	Total Inventories (Q: Dec. 2024 ))	/	count )
=	40.05	/ (	(10.901	+	15.685)	/	2 )
=	40.05	/	13.293
=	3.01

Zhengwei Group Holdings Co (OTCPK:ZHGWF) Inventory Turnover Explanation

Inventory Turnover measures how fast the company turns over its inventory within a year. A higher Inventory Turnover means the company has light inventory. Therefore the company spends less money on storage, write downs, and obsolete inventory. If the inventory is too light, it may affect sales because the company may not have enough to meet demand.

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

Zhengwei Group Holdings Co's Days Inventory for the six months ended in Dec. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2024 )	/	Cost of Goods Sold (Q: Dec. 2024 )	*	Days in Period
	=	13.293	/	40.05	*	365 / 2
	=	60.57

2. 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.

Zhengwei Group Holdings Co's Inventory to Revenue for the quarter that ended in Dec. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2024 )	/	Revenue (Q: Dec. 2024 )
	=	13.293	/	41.198
	=	0.32

Be Aware

Usually retailers pile up their inventories at holiday seasons to meet the stronger demand. Therefore, the inventory of a particular quarter of a year should not be used to calculate Inventory Turnover. An average inventory is a better indication.

Zhengwei Group Holdings Co Inventory Turnover Related Terms

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Zhengwei Group Holdings Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Zhengwei Group Holdings Co Ltd (OTCPK:ZHGWF) » Definitions » Inventory Turnover

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Traded in Other Exchanges

02147:Hong Kong

Address

487 Yuhu Road, Xiaolan Economic Development and Technology Zone, Nanchang, CHN

Website

https://www.zhengwei100.com

Zhengwei Group Holdings Co Ltd produces dry food and snacks, and secondarily trades related products. It produces and sells a variety of snacks (including ready-to-eat vegetarian snacks and meat snacks), such as crispy bamboo shoots and roast necks; and packaged dry goods such as mushrooms, dried aquatic products, seaweed, grains, and seasonings in China. The majority of revenue is derived from the Snacks segment. It has two operating segments Manufacturing & trading, out of which the majority is from the manufacturing segment. Geographically, the majority is from the PRC.

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