Zhejiangnfer Electric Co (SHSE:605336) Total Inventories : ¥93.5 Mil (As of Jun. 2024)

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What is Zhejiangnfer Electric Co Total Inventories?

Zhejiangnfer Electric Co's total inventories for the quarter that ended in Jun. 2024 was ¥93.5 Mil. Zhejiangnfer Electric Co's average total inventories from the quarter that ended in Mar. 2024 to the quarter that ended in Jun. 2024 was ¥96.6 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Zhejiangnfer Electric Co's Net-Net Working Capital per share for the quarter that ended in Jun. 2024 was ¥2.74.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Zhejiangnfer Electric Co's Days Inventory for the three months ended in Jun. 2024 was 135.21.

Inventory Turnover measures how fast the company turns over its inventory within a year. Zhejiangnfer Electric Co's Inventory Turnover for the quarter that ended in Jun. 2024 was 0.67.

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. Zhejiangnfer Electric Co's Inventory-to-Revenue for the quarter that ended in Jun. 2024 was 0.83.

Zhejiangnfer Electric Co Total Inventories Historical Data

The historical data trend for Zhejiangnfer Electric 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.

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Zhejiangnfer Electric Co Total Inventories Chart

Zhejiangnfer Electric Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Inventories

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89.44

91.22

127.81

118.37

105.68

Zhejiangnfer Electric Co Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Total Inventories	Get a 7-Day Free Trial															99.75	112.24	105.68	99.82	93.45

Zhejiangnfer Electric 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.

Zhejiangnfer Electric Co (SHSE:605336) 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.

Zhejiangnfer Electric Co'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)
=	(764.977	+	0.75 * 40.474	+	0.5 * 93.452	-	339.572
-	0	-	0)	/	183.412
=	2.74

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

Zhejiangnfer Electric Co's Days Inventory for the three 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
	=	96.6375	/	65.218	*	365 / 4
	=	135.21

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

Zhejiangnfer Electric Co'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 )
	=	65.218	/	96.6375
	=	0.67

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.

Zhejiangnfer Electric Co'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 )
	=	96.6375	/	116.003
	=	0.83

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.

Zhejiangnfer Electric Co Total Inventories Related Terms

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Zhejiangnfer Electric Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Zhejiang Sanfer Electric Co Ltd (SHSE:605336) » Definitions » Total Inventories

Traded in Other Exchanges

N/A

Address

Chengdong District, Economic Development Zone, Shengzhou City, Zhejiang Province, Shaoxing, CHN, 312400

Website

http://www.sanfer.com

Zhejiang Sanfer Electric Co Ltd is engaged in design, production and sales of modern new kitchen appliances with integrated stove. The company's technologies include three-burner fire flames, removable and washable invention patents, and DC inverter motors. The product line covers integrated stoves, integrated sinks, dishwashers, and integrated cabinets.

Executives

Ding Han Zhong	Director
Wang Zhong Jie	senior management
Chen Wei	senior management

Zhejiangnfer Electric Co Headlines

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