GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Zhengzhou Coal Mining Machinery Group Co Ltd (SHSE:601717) » Definitions » Total Inventories

Zhengzhou Coal Mining Machinery Group Co (SHSE:601717) Total Inventories : ¥8,892 Mil (As of Mar. 2024)


View and export this data going back to 2010. Start your Free Trial

What is Zhengzhou Coal Mining Machinery Group Co Total Inventories?

Zhengzhou Coal Mining Machinery Group Co's total inventories for the quarter that ended in Mar. 2024 was ¥8,892 Mil. Zhengzhou Coal Mining Machinery Group Co's average total inventories from the quarter that ended in Dec. 2023 to the quarter that ended in Mar. 2024 was ¥9,096 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Zhengzhou Coal Mining Machinery Group Co's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was ¥-2.21.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Zhengzhou Coal Mining Machinery Group Co's Days Inventory for the three months ended in Mar. 2024 was 112.80.

Inventory Turnover measures how fast the company turns over its inventory within a year. Zhengzhou Coal Mining Machinery Group Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.81.

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. Zhengzhou Coal Mining Machinery Group Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.94.


Zhengzhou Coal Mining Machinery Group Co Total Inventories Historical Data

The historical data trend for Zhengzhou Coal Mining Machinery Group 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.

* Premium members only.

Zhengzhou Coal Mining Machinery Group Co Total Inventories Chart

Zhengzhou Coal Mining Machinery Group Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Total Inventories
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3,631.45 4,532.46 6,240.87 7,835.12 9,299.29

Zhengzhou Coal Mining Machinery Group Co Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Total Inventories Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 8,188.20 8,764.90 9,021.60 9,299.29 8,891.92

Zhengzhou Coal Mining Machinery Group 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.


Zhengzhou Coal Mining Machinery Group Co  (SHSE:601717) 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.

Zhengzhou Coal Mining Machinery Group Co's Net-Net Working Capital Per Share for the quarter that ended in Mar. 2024 is

Net-Net Working Capital Per Share (Q: Mar. 2024 )
=(Cash And Cash Equivalents+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(12828.329+0.75 * 8973.292+0.5 * 8891.924-26319.714
-0-1635.641)/1785.54
=-2.21

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

Zhengzhou Coal Mining Machinery Group Co's Days Inventory for the three months ended in Mar. 2024 is calculated as:

Days Inventory=Average Total Inventories (Q: Mar. 2024 )/Cost of Goods Sold (Q: Mar. 2024 )*Days in Period
=9095.6085/7358.013*365 / 4
=112.80

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

Zhengzhou Coal Mining Machinery Group Co's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

Inventory Turnover=Cost of Goods Sold (Q: Mar. 2024 ) / Average Total Inventories (Q: Mar. 2024 )
=7358.013 / 9095.6085
=0.81

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.

Zhengzhou Coal Mining Machinery Group Co's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Mar. 2024 ) / Revenue (Q: Mar. 2024 )
=9095.6085 / 9670.189
=0.94

* 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.


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.


Zhengzhou Coal Mining Machinery Group Co Total Inventories Related Terms

Thank you for viewing the detailed overview of Zhengzhou Coal Mining Machinery Group Co's Total Inventories provided by GuruFocus.com. Please click on the following links to see related term pages.


Zhengzhou Coal Mining Machinery Group Co (SHSE:601717) Business Description

Traded in Other Exchanges
Address
No. 167, 9th Street, Econ-Tech Development Zone, Henan Province, Zhengzhou, CHN, 450016
Zhengzhou Coal Mining Machinery Group Co Ltd is an investment holding company. The company's operating segment includes the Manufacture of coal mining machinery and the Manufacture of auto parts. Geographically, the company operates in The PRC, Germany and other countries.
Executives
Fu Qi senior management
Jia Hao Directors, senior managers
Fu Zu Gang Director
Huang Hua senior management
Zhang Hai Bin senior management
Wang Xin Ying Director
Li Wei Ping senior management
Zhang Ming Lin Supervisors
Xiang Jia Yu Director
Jiao Cheng Yao Director
Liu Qiang Director
Xu Ming Kai Supervisors
Zhou Rong Supervisors
Wang Yong Qiang senior management
Guo De Sheng senior management

Zhengzhou Coal Mining Machinery Group Co (SHSE:601717) Headlines

No Headlines