Zhejiang Hengda New Material Co (SZSE:301469) Total Inventories : ¥326 Mil (As of Sep. 2024)

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What is Zhejiang Hengda New Material Co Total Inventories?

Zhejiang Hengda New Material Co's total inventories for the quarter that ended in Sep. 2024 was ¥326 Mil. Zhejiang Hengda New Material Co's average total inventories from the quarter that ended in Jun. 2024 to the quarter that ended in Sep. 2024 was ¥337 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Zhejiang Hengda New Material Co's Net-Net Working Capital per share for the quarter that ended in Sep. 2024 was ¥5.78.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Zhejiang Hengda New Material Co's Days Inventory for the three months ended in Sep. 2024 was 151.41.

Inventory Turnover measures how fast the company turns over its inventory within a year. Zhejiang Hengda New Material Co's Inventory Turnover for the quarter that ended in Sep. 2024 was 0.60.

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. Zhejiang Hengda New Material Co's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 1.40.

Zhejiang Hengda New Material Co Total Inventories Historical Data

The historical data trend for Zhejiang Hengda New Material 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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Zhejiang Hengda New Material Co Total Inventories Chart

Zhejiang Hengda New Material Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Inventories

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222.36

229.95

194.78

133.13

475.40

Zhejiang Hengda New Material Co Quarterly Data
	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Total Inventories	Get a 7-Day Free Trial															460.79	475.40	415.68	347.38	326.07

Zhejiang Hengda New Material 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.

Zhejiang Hengda New Material Co (SZSE:301469) 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.

Zhejiang Hengda New Material Co's Net-Net Working Capital Per Share for the quarter that ended in Sep. 2024 is

	Net-Net Working Capital Per Share (Q: Sep. 2024 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(504.677	+	0.75 * 181.124	+	0.5 * 326.074	-	286.755
-	0	-	0)	/	89.480
=	5.78

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

Zhejiang Hengda New Material Co's Days Inventory for the three months ended in Sep. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2024 )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
	=	336.728	/	202.931	*	365 / 4
	=	151.41

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

Zhejiang Hengda New Material Co's Inventory Turnover for the quarter that ended in Sep. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Sep. 2024 )	/	Average Total Inventories (Q: Sep. 2024 )
	=	202.931	/	336.728
	=	0.60

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.

Zhejiang Hengda New Material Co's Inventory to Revenue for the quarter that ended in Sep. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2024 )	/	Revenue (Q: Sep. 2024 )
	=	336.728	/	239.718
	=	1.40

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.

Zhejiang Hengda New Material Co Total Inventories Related Terms

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Zhejiang Hengda New Material Co Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Zhejiang Hengda New Material Co Ltd (SZSE:301469) » Definitions » Total Inventories

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Address

No. 8, Daming Road, Industrial Park, Huzhen Town, Longyou County, Zhejiang, Quzhou, CHN, 324401

Website

http://www.hengdaxincai.com

Zhejiang Hengda New Material Co Ltd is a national high-tech enterprise engaged in the production and research & development of special new paper-based packaging materials. The company has several international advanced special paper production lines, specializing in the production and R & D of various high-grade medical packaging series paper, food packaging series paper, cigarette supporting paper, industrial technology supporting paper, etc. with the personality quality of green, health, safety and environmental protection, the company mainly serves the medical health industry and the international well-known fast food consumption industry, Meet customers one-stop purchase demand for medical and food packaging paper, and realize win-win cooperation at the same time.

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