Zhaojin Mining Industry Co (FRA:ZVL) Total Inventories : €662 Mil (As of Dec. 2023)

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What is Zhaojin Mining Industry Co Total Inventories?

Zhaojin Mining Industry Co's total inventories for the quarter that ended in Dec. 2023 was €662 Mil. Zhaojin Mining Industry Co's average total inventories from the quarter that ended in Jun. 2023 to the quarter that ended in Dec. 2023 was €669 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Zhaojin Mining Industry Co's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was €-0.82.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Zhaojin Mining Industry Co's Days Inventory for the six months ended in Dec. 2023 was 322.15.

Inventory Turnover measures how fast the company turns over its inventory within a year. Zhaojin Mining Industry Co's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.57.

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. Zhaojin Mining Industry Co's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 1.05.

Zhaojin Mining Industry Co Total Inventories Historical Data

The historical data trend for Zhaojin Mining Industry 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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Zhaojin Mining Industry Co Total Inventories Chart

Zhaojin Mining Industry Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Inventories

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553.11

644.31

580.92

632.43

661.99

Zhaojin Mining Industry Co Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Total Inventories	Get a 7-Day Free Trial															580.92	640.95	632.43	675.91	661.99

Zhaojin Mining Industry 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.

Zhaojin Mining Industry Co (FRA:ZVL) 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.

Zhaojin Mining Industry Co's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2023 is

	Net-Net Working Capital Per Share (Q: Dec. 2023 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(569.822	+	0.75 * 30.688	+	0.5 * 661.991	-	3162.286
-	0	-	434.39)	/	3270.39
=	-0.82

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

Zhaojin Mining Industry Co's Days Inventory for the six months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	668.95	/	378.968	*	365 / 2
	=	322.15

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

Zhaojin Mining Industry Co's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Dec. 2023 )	/	Average Total Inventories (Q: Dec. 2023 )
	=	378.968	/	668.95
	=	0.57

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.

Zhaojin Mining Industry Co's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	668.95	/	639.147
	=	1.05

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.

Zhaojin Mining Industry Co Total Inventories Related Terms

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Zhaojin Mining Industry Co (FRA:ZVL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Zhaojin Mining Industry Co Ltd (FRA:ZVL) » Definitions » Total Inventories

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Traded in Other Exchanges

ZHAOF:USA 01818:Hong Kong ZVL:Germany

Address

1 Matheson Street, Times Square, 31st Floor, Tower Two, Causeway Bay, Hong Kong, HKG

Website

https://www.zhaojin.com.cn

Zhaojin Mining Industry Co Ltd is engaged in the mining, processing, smelting, and sale of gold and silver products. The exploration, mining, ore processing, smelting, and sale of gold and other metallic products, is a large integrated mining enterprise specializing in the production of gold. It produces two kinds of gold products, Au9999 and Au9995 gold bullions under the brand Zhaojin. It has three reportable operating segments, the gold operations segment consists of gold mining and smelting operations; the copper operations segment consists of copper mining and smelting operations; the others segment comprises other investment activities, operation of a finance company, operation and catering services of a hotel, exploration services and engineering design and consulting services.

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