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ICZOOM Group (ICZOOM Group) Total Inventories : $0.8 Mil (As of Jun. 2023)


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What is ICZOOM Group Total Inventories?

ICZOOM Group's total inventories for the quarter that ended in Jun. 2023 was $0.8 Mil. ICZOOM Group's average total inventories from the quarter that ended in Dec. 2022 to the quarter that ended in Jun. 2023 was $0.4 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. ICZOOM Group's Net-Net Working Capital per share for the quarter that ended in Jun. 2023 was $-1.32.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. ICZOOM Group's Days Inventory for the six months ended in Jun. 2023 was 0.86.

Inventory Turnover measures how fast the company turns over its inventory within a year. ICZOOM Group's Inventory Turnover for the quarter that ended in Jun. 2023 was 212.73.

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. ICZOOM Group's Inventory-to-Revenue for the quarter that ended in Jun. 2023 was 0.00.


ICZOOM Group Total Inventories Historical Data

The historical data trend for ICZOOM Group'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.

ICZOOM Group Total Inventories Chart

ICZOOM Group Annual Data
Trend Jun19 Jun20 Jun21 Jun22 Jun23
Total Inventories
1.49 1.72 2.46 0.37 0.83

ICZOOM Group Semi-Annual Data
Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23
Total Inventories Get a 7-Day Free Trial Premium Member Only 2.46 1.15 0.37 0.03 0.83

ICZOOM Group 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.


ICZOOM Group  (NAS:IZM) 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.

ICZOOM Group's Net-Net Working Capital Per Share for the quarter that ended in Jun. 2023 is

Net-Net Working Capital Per Share (Q: Jun. 2023 )
=(Cash And Cash Equivalents+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(1.11+0.75 * 76.69+0.5 * 0.834-72.632
-0-0)/10.3264
=-1.32

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

ICZOOM Group's Days Inventory for the six months ended in Jun. 2023 is calculated as:

Days Inventory=Average Total Inventories (Q: Jun. 2023 )/Cost of Goods Sold (Q: Jun. 2023 )*Days in Period
=0.4325/92.004*365 / 2
=0.86

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

ICZOOM Group's Inventory Turnover for the quarter that ended in Jun. 2023 is calculated as

Inventory Turnover=Cost of Goods Sold (Q: Jun. 2023 ) / Average Total Inventories (Q: Jun. 2023 )
=92.004 / 0.4325
=212.73

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.

ICZOOM Group's Inventory to Revenue for the quarter that ended in Jun. 2023 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Jun. 2023 ) / Revenue (Q: Jun. 2023 )
=0.4325 / 94.198
=0.00

* 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.


ICZOOM Group Total Inventories Related Terms

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ICZOOM Group (ICZOOM Group) Business Description

Traded in Other Exchanges
N/A
Address
No. 7018 Cai Tian Road, Room 3801, Building A, Sunhope e·METRO, Futian District, Guangdong, Shenzhen, CHN, 518000
ICZOOM Group Inc is engaged in the sale of electronic component products to customers in China. These products are used by small and medium-sized enterprises (SMEs) in the consumer electronic industry, Internet of Things (IoT), automotive electronics, and industrial control segment. In addition to the sales of electronic component products, also provides services to customers such as temporary warehousing, logistic and shipping, and customs clearance and charges them additional service commission fees. The company earns maximum revenue from sale of electronic components.