Zenova Group (LSE:ZED) Total Inventories : £0.27 Mil (As of May. 2024)

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What is Zenova Group Total Inventories?

Zenova Group's total inventories for the quarter that ended in May. 2024 was £0.27 Mil. Zenova Group's average total inventories from the quarter that ended in Nov. 2023 to the quarter that ended in May. 2024 was £0.21 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Zenova Group's Net-Net Working Capital per share for the quarter that ended in May. 2024 was £-0.00.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Zenova Group's Days Inventory for the six months ended in May. 2024 was 1,242.18.

Inventory Turnover measures how fast the company turns over its inventory within a year. Zenova Group's Inventory Turnover for the quarter that ended in May. 2024 was 0.15.

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. Zenova Group's Inventory-to-Revenue for the quarter that ended in May. 2024 was 3.98.

Zenova Group Total Inventories Historical Data

The historical data trend for Zenova Group'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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Zenova Group Total Inventories Chart

Zenova Group Annual Data

Trend

Nov20

Nov21

Nov22

Nov23

Total Inventories

0.05

0.16

Zenova Group Semi-Annual Data
	Nov20	May21	Nov21	May22	Nov22	May23	Nov23	May24
Total Inventories	Get a 7-Day Free Trial			0.04	0.05	0.05	0.16	0.27

Zenova Group 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.

Zenova Group (LSE:ZED) 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.

Zenova Group's Net-Net Working Capital Per Share for the quarter that ended in May. 2024 is

	Net-Net Working Capital Per Share (Q: May. 2024 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(0.037	+	0.75 * 0.208	+	0.5 * 0.267	-	0.68
-	0	-	0)	/	140.226
=	-0.00

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

Zenova Group's Days Inventory for the six months ended in May. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: May. 2024 )	/	Cost of Goods Sold (Q: May. 2024 )	*	Days in Period
	=	0.211	/	0.031	*	365 / 2
	=	1,242.18

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

Zenova Group's Inventory Turnover for the quarter that ended in May. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: May. 2024 )	/	Average Total Inventories (Q: May. 2024 )
	=	0.031	/	0.211
	=	0.15

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.

Zenova Group's Inventory to Revenue for the quarter that ended in May. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: May. 2024 )	/	Revenue (Q: May. 2024 )
	=	0.211	/	0.053
	=	3.98

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.

Zenova Group Total Inventories Related Terms

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Zenova Group Business Description

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Address

172 Arlington Road, London, GBR, NW1 7HL

Website

https://www.zenovagroup.com

Zenova Group PLC is engaged in the development, manufacture, and sale of fire-retardant systems. It is the holder of intellectual property to underpin a suite of fire safety and temperature management products and technology applicable to industrial, commercial and residential markets. The company's product range includes fire protection paint, insulating paint and render and extinguishing fluid, and it has further products in varying stages of development and testing.

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