ZHGWF (Zhengwei Group Holdings Co) Total Inventories : $10.90 Mil (As of Jun. 2024)

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What is Zhengwei Group Holdings Co Total Inventories?

Zhengwei Group Holdings Co's total inventories for the quarter that ended in Jun. 2024 was $10.90 Mil. Zhengwei Group Holdings Co's average total inventories from the quarter that ended in Dec. 2023 to the quarter that ended in Jun. 2024 was $12.33 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Zhengwei Group Holdings Co's Net-Net Working Capital per share for the quarter that ended in Jun. 2024 was $0.03.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Zhengwei Group Holdings Co's Days Inventory for the six months ended in Jun. 2024 was 54.97.

Inventory Turnover measures how fast the company turns over its inventory within a year. Zhengwei Group Holdings Co's Inventory Turnover for the quarter that ended in Jun. 2024 was 3.32.

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. Zhengwei Group Holdings Co's Inventory-to-Revenue for the quarter that ended in Jun. 2024 was 0.30.

Zhengwei Group Holdings Co Total Inventories Historical Data

The historical data trend for Zhengwei Group Holdings 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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Zhengwei Group Holdings Co Total Inventories Chart

Zhengwei Group Holdings Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Total Inventories

8.90

15.02

16.71

13.01

13.76

Zhengwei Group Holdings Co Semi-Annual Data
	Dec19	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Total Inventories	Get a 7-Day Free Trial				14.52	13.01	10.90	13.76	10.90

Zhengwei Group Holdings 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.

Zhengwei Group Holdings Co (OTCPK:ZHGWF) 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.

Zhengwei Group Holdings 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)
=	(26.069	+	0.75 * 8.144	+	0.5 * 10.901	-	8.022
-	0	-	0)	/	960
=	0.03

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

Zhengwei Group Holdings Co's Days Inventory for the six 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
	=	12.332	/	40.941	*	365 / 2
	=	54.97

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

Zhengwei Group Holdings 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 )
	=	40.941	/	12.332
	=	3.32

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.

Zhengwei Group Holdings 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 )
	=	12.332	/	41.091
	=	0.30

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.

Zhengwei Group Holdings Co Total Inventories Related Terms

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Zhengwei Group Holdings Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Zhengwei Group Holdings Co Ltd (OTCPK:ZHGWF) » Definitions » Total Inventories

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Traded in Other Exchanges

02147:Hong Kong

Address

487 Yuhu Road, Xiaolan Economic Development and Technology Zone, Nanchang, CHN

Website

https://www.zhengwei100.com

Zhengwei Group Holdings Co Ltd produces dry food and snacks, and secondarily trades related products. It produces and sells a variety of snacks (including ready-to-eat vegetarian snacks and meat snacks), such as crispy bamboo shoots and roast necks; and packaged dry goods such as mushrooms, dried aquatic products, seaweed, grains, and seasonings in China. The majority of revenue is derived from the Snacks segment. It has two operating segments Manufacturing & trading, out of which the majority is from the manufacturing segment. Geographically, the majority is from the PRC.

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