Zig Sheng Industrial Co (TPE:1455) Total Inventories : NT$2,109 Mil (As of Mar. 2024)

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What is Zig Sheng Industrial Co Total Inventories?

Zig Sheng Industrial Co's total inventories for the quarter that ended in Mar. 2024 was NT$2,109 Mil. Zig Sheng Industrial Co's average total inventories from the quarter that ended in Dec. 2023 to the quarter that ended in Mar. 2024 was NT$1,950 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Zig Sheng Industrial Co's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was NT$-3.08.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Zig Sheng Industrial Co's Days Inventory for the three months ended in Mar. 2024 was 82.33.

Inventory Turnover measures how fast the company turns over its inventory within a year. Zig Sheng Industrial Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.11.

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. Zig Sheng Industrial Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.87.

Zig Sheng Industrial Co Total Inventories Historical Data

The historical data trend for Zig Sheng Industrial 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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Zig Sheng Industrial Co Total Inventories Chart

Zig Sheng Industrial Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Inventories

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1,641.85

1,082.33

2,247.31

1,880.76

1,790.57

Zig Sheng Industrial 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															1,961.11	2,024.09	1,643.87	1,790.57	2,108.57

Zig Sheng Industrial 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.

Zig Sheng Industrial Co (TPE:1455) 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.

Zig Sheng Industrial 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)
=	(768.39	+	0.75 * 1356.631	+	0.5 * 2108.569	-	4476.485
-	0	-	0)	/	531.688
=	-3.08

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

Zig Sheng Industrial 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
	=	1949.569	/	2160.752	*	365 / 4
	=	82.33

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

Zig Sheng Industrial 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 )
	=	2160.752	/	1949.569
	=	1.11

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.

Zig Sheng Industrial 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 )
	=	1949.569	/	2243.617
	=	0.87

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.

Zig Sheng Industrial Co Total Inventories Related Terms

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Zig Sheng Industrial Co (TPE:1455) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Zig Sheng Industrial Co Ltd (TPE:1455) » Definitions » Total Inventories

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 70, Sining North Road, 2nd Floor, Datong District, Taipei, TWN

Website

http://www.zigsheng.com

Zig Sheng Industrial Co Ltd is a Taiwan-based company principally engaged in spinning, weaving, dyeing/finishing, printing, processing, and trading of various filament, artificial cotton and nylon. It offers Textured yarns, Polyester yarn Nylon filaments, and Nylon chips products. The textured yarns products include function yarns, high stretch yarns, nylon yarns, multifilament and fancy yarns, among others. Its nylon filament products include fine filament yarns, polyester pre-oriented yarns, oxford yarns and industrial yarns. The nylon chips products include spinning grade nylon chips and engineering plastic grade nylon chip.

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