China ZhengTong Auto Services Holdings (HKSE:01728) Total Inventories : HK$4,127 Mil (As of Jun. 2024)

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What is China ZhengTong Auto Services Holdings Total Inventories?

China ZhengTong Auto Services Holdings's total inventories for the quarter that ended in Jun. 2024 was HK$4,127 Mil. China ZhengTong Auto Services Holdings's average total inventories from the quarter that ended in Dec. 2023 to the quarter that ended in Jun. 2024 was HK$4,126 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. China ZhengTong Auto Services Holdings's Net-Net Working Capital per share for the quarter that ended in Jun. 2024 was HK$-9.55.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. China ZhengTong Auto Services Holdings's Days Inventory for the six months ended in Jun. 2024 was 72.12.

Inventory Turnover measures how fast the company turns over its inventory within a year. China ZhengTong Auto Services Holdings's Inventory Turnover for the quarter that ended in Jun. 2024 was 2.53.

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. China ZhengTong Auto Services Holdings's Inventory-to-Revenue for the quarter that ended in Jun. 2024 was 0.39.

China ZhengTong Auto Services Holdings Total Inventories Historical Data

The historical data trend for China ZhengTong Auto Services Holdings'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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China ZhengTong Auto Services Holdings Total Inventories Chart

China ZhengTong Auto Services Holdings Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Total Inventories

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2,135.88

3,243.65

4,538.63

4,125.63

3,530.78

China ZhengTong Auto Services Holdings Semi-Annual Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Total Inventories	Get a 7-Day Free Trial															4,538.63	3,916.34	4,125.63	4,126.79	3,530.78

China ZhengTong Auto Services Holdings 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.

China ZhengTong Auto Services Holdings (HKSE:01728) 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.

China ZhengTong Auto Services Holdings's Net-Net Working Capital Per Share for the quarter that ended in Jun. 2024 is

	Net-Net Working Capital Per Share (Q: Jun. 2024 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(595.549	+	0.75 * 978.502	+	0.5 * 4126.791	-	29782.371
-	0	-	995.565)	/	2867.102
=	-9.55

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

China ZhengTong Auto Services Holdings's Days Inventory for the six months ended in Jun. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jun. 2024 )	/	Cost of Goods Sold (Q: Jun. 2024 )	*	Days in Period
	=	4126.209	/	10440.818	*	365 / 2
	=	72.12

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

China ZhengTong Auto Services Holdings's Inventory Turnover for the quarter that ended in Jun. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Jun. 2024 )	/	Average Total Inventories (Q: Jun. 2024 )
	=	10440.818	/	4126.209
	=	2.53

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.

China ZhengTong Auto Services Holdings's Inventory to Revenue for the quarter that ended in Jun. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jun. 2024 )	/	Revenue (Q: Jun. 2024 )
	=	4126.209	/	10631.536
	=	0.39

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.

China ZhengTong Auto Services Holdings Total Inventories Related Terms

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China ZhengTong Auto Services Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » China ZhengTong Auto Services Holdings Ltd (HKSE:01728) » Definitions » Total Inventories

Comparable Companies

Traded in Other Exchanges

ZA0:Germany

Address

No. Te 6 Huangpu Technological Park, 4/F, Wuhan Baoze, Jiangan District, Wuhan, CHN

Website

http://www.zhengtongauto.com

China ZhengTong Auto Services Holdings Ltd is a China-based investment holding company principally engaged in the sales of passenger motor vehicles, including luxury and ultra-luxury branded automobiles. The company operates through the following segments; 4S dealership business , Supply chain business, and Comprehensive properties business. The 4S dealership business segment which generates key revenue, mainly includes sales of motor vehicles and after-sales services through its network of 4S dealerships in the PRC. The Supply chain business mainly includes the provision of motor-related logistics services and trading of lubricant oil, and the Comprehensive properties business mainly includes the development and sales of properties in the PRC.

Executives

Xia Men Guo Mao Kong Gu Ji Tuan You Xian Gong Si	2201 Interest of corporation controlled by you
Cheung Mui	2101 Beneficial owner
Yang Liguo	2101 Beneficial owner
Xingtai Capital Management Limited	2102 Investment manager
Wang Muqing
Joy Capital Holdings Limited	2101 Beneficial owner
Bright Brilliant Holdings Limited	2201 Interest of corporation controlled by you
Credit Suisse Trust Limited	2301 Trustee
Wang Boheng	2307 Founder of a discretionary trust who can infl
Wang Weize	2307 Founder of a discretionary trust who can infl

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