Zhonggan Communication (Group) Holdings (HKSE:02545) Total Inventories : HK$30.3 Mil (As of Jun. 2024)

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What is Zhonggan Communication (Group) Holdings Total Inventories?

Zhonggan Communication (Group) Holdings's total inventories for the quarter that ended in Jun. 2024 was HK$30.3 Mil. Zhonggan Communication (Group) Holdings's average total inventories from the quarter that ended in Dec. 2023 to the quarter that ended in Jun. 2024 was HK$15.6 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Zhonggan Communication (Group) Holdings's Net-Net Working Capital per share for the quarter that ended in Jun. 2024 was HK$-1.20.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Zhonggan Communication (Group) Holdings's Days Inventory for the six months ended in Jun. 2024 was 14.19.

Inventory Turnover measures how fast the company turns over its inventory within a year. Zhonggan Communication (Group) Holdings's Inventory Turnover for the quarter that ended in Jun. 2024 was 12.86.

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. Zhonggan Communication (Group) Holdings's Inventory-to-Revenue for the quarter that ended in Jun. 2024 was 0.06.

Zhonggan Communication (Group) Holdings Total Inventories Historical Data

The historical data trend for Zhonggan Communication (Group) 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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Zhonggan Communication (Group) Holdings Total Inventories Chart

Zhonggan Communication (Group) Holdings Annual Data

Trend

Dec21

Dec22

Dec23

Total Inventories

6.94

4.23

0.86

Zhonggan Communication (Group) Holdings Semi-Annual Data
	Dec21	Dec22	Jun23	Dec23	Jun24
Total Inventories	6.94	4.23	-	0.86	30.27

Zhonggan Communication (Group) 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.

Zhonggan Communication (Group) Holdings (HKSE:02545) 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.

Zhonggan Communication (Group) 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)
=	(7.161	+	0.75 * 259.797	+	0.5 * 30.272	-	982.067
-	0	-	0)	/	640.000
=	-1.20

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

Zhonggan Communication (Group) 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
	=	15.5655	/	200.184	*	365 / 2
	=	14.19

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

Zhonggan Communication (Group) 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 )
	=	200.184	/	15.5655
	=	12.86

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.

Zhonggan Communication (Group) 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 )
	=	15.5655	/	255.445
	=	0.06

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.

Zhonggan Communication (Group) Holdings Total Inventories Related Terms

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Zhonggan Communication (Group) Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Zhonggan Communication (Group) Holdings Ltd (HKSE:02545) » Definitions » Total Inventories

Comparable Companies

Traded in Other Exchanges

N/A

Address

2799 Tianxiang Avenue, Room 101, Block 99, Nanchang Jiahai Industrial Park, Jiangxi Province, Nanchang High-tech Industrial Development Zone, Nanchang, CHN

Website

http://www.gantongjt.com

Zhonggan Communication (Group) Holdings Ltd is a integrated service provider and software developer in China. It focuses on the provision of Telecommunications Infrastructure Services and Digitalisation Solution Services. Telecommunications Infrastructure Services comprises of infrastructure Construction Services and Infrastructure Maintenance Services. Digitalisation Solution Services comprise of Integrated Solution Services, System Maintenance Services and - Software Solution Services. Key revenue is generated from Telecommunications Infrastructure Services.

Executives

Gt & Yangtze Limited	2101 Beneficial owner
Liu Haoqiong	2201 Interest of corporation controlled by you
Tao Xiulan	2201 Interest of corporation controlled by you
Liu Dingyi	2201 Interest of corporation controlled by you
Octuple Hills Limited	2101 Beneficial owner
Huat Huat Limited	2101 Beneficial owner
Liu Dingli	2201 Interest of corporation controlled by you

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