Zhixin Group Holding (HKSE:02187) Total Inventories : HK$28.6 Mil (As of Jun. 2024)

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What is Zhixin Group Holding Total Inventories?

Zhixin Group Holding's total inventories for the quarter that ended in Jun. 2024 was HK$28.6 Mil. Zhixin Group Holding's average total inventories from the quarter that ended in Dec. 2023 to the quarter that ended in Jun. 2024 was HK$32.3 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Zhixin Group Holding's Net-Net Working Capital per share for the quarter that ended in Jun. 2024 was HK$-0.56.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Zhixin Group Holding's Days Inventory for the six months ended in Jun. 2024 was 27.58.

Inventory Turnover measures how fast the company turns over its inventory within a year. Zhixin Group Holding's Inventory Turnover for the quarter that ended in Jun. 2024 was 6.62.

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. Zhixin Group Holding's Inventory-to-Revenue for the quarter that ended in Jun. 2024 was 0.12.

Zhixin Group Holding Total Inventories Historical Data

The historical data trend for Zhixin Group Holding'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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Zhixin Group Holding Total Inventories Chart

Zhixin Group Holding Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Inventories

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30.96

59.78

36.62

25.21

35.97

Zhixin Group Holding Semi-Annual Data
	Dec17	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Total Inventories	Get a 7-Day Free Trial							74.44	25.21	95.91	35.97	28.62

Zhixin Group Holding 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.

Zhixin Group Holding (HKSE:02187) 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.

Zhixin Group Holding'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)
=	(28.218	+	0.75 * 552.734	+	0.5 * 28.624	-	878.812
-	0	-	0)	/	748
=	-0.56

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

Zhixin Group Holding'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
	=	32.2985	/	213.761	*	365 / 2
	=	27.58

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

Zhixin Group Holding'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 )
	=	213.761	/	32.2985
	=	6.62

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.

Zhixin Group Holding'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 )
	=	32.2985	/	262.762
	=	0.12

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.

Zhixin Group Holding Total Inventories Related Terms

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Zhixin Group Holding Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Zhixin Group Holding Ltd (HKSE:02187) » Definitions » Total Inventories

Traded in Other Exchanges

ZHIXF:USA

Address

1.No. 55, Guankou Avenue, Jimei District, Fujian Province, Xiamen, CHN

Website

http://www.xiamenzhixin.com

Zhixin Group Holding Ltd is a manufacturer and supplier of concrete-based building materials. The principal products of the company are ready-mixed concrete and precast concrete components. In addition, the Group is also engaged in solid waste processing and sales of eco-friendly construction materials. The company's operating segments are (i) Ready-mixed concrete, (ii) Precast concrete components, and (iii) Tailings recycling and bricks. The majority of revenue is from the Ready-mixed concrete segment.

Executives

Yeung Man	2101 Beneficial owner
Lai Yiyang	2101 Beneficial owner
Huatai Securities Co., Ltd.	2201 Interest of corporation controlled by you
Hong Wei	2202 Interest of your spouse
Ye Zhijie	2201 Interest of corporation controlled by you
Zhixin Investment Holding Limited	2101 Beneficial owner
Huang Wengui	2201 Interest of corporation controlled by you
Lin Lingling	2202 Interest of your spouse
Yaohe Holding Limited	2101 Beneficial owner

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