ZX (HKSE:09890) Total Inventories : HK$3 Mil (As of Dec. 2023)

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What is ZX Total Inventories?

ZX's total inventories for the quarter that ended in Dec. 2023 was HK$3 Mil. ZX's average total inventories from the quarter that ended in Dec. 2022 to the quarter that ended in Dec. 2023 was HK$4 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. ZX's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was HK$-7.86.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. ZX's Days Inventory for the six months ended in Dec. 2023 was 0.35.

Inventory Turnover measures how fast the company turns over its inventory within a year. ZX's Inventory Turnover for the quarter that ended in Dec. 2023 was 523.18.

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. ZX's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.00.

ZX Total Inventories Historical Data

The historical data trend for ZX'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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ZX Total Inventories Chart

ZX Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Total Inventories

1.25

4.94

3.18

ZX Semi-Annual Data
	Dec20	Dec21	Dec22	Dec23
Total Inventories	-	1.25	4.94	3.18

ZX 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.

ZX (HKSE:09890) 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.

ZX's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2023 is

	Net-Net Working Capital Per Share (Q: Dec. 2023 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(991.822	+	0.75 * 339.833	+	0.5 * 3.177	-	5460.609
-	0	-	-11.746)	/	534.44
=	-7.86

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

ZX's Days Inventory for the six months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	4.0585	/	2123.317	*	365 / 2
	=	0.35

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

ZX's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Dec. 2023 )	/	Average Total Inventories (Q: Dec. 2023 )
	=	2123.317	/	4.0585
	=	523.18

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.

ZX's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	4.0585	/	7125.516
	=	0.00

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.

ZX Total Inventories Related Terms

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ZX (HKSE:09890) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » ZX Inc (HKSE:09890) » Definitions » Total Inventories

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 9 Olympic Stadium South Road, Tanwan Game Building, Building B, Synaesthesia Thinking Industrial Park, Tianhe, Guangdong, Guangzhou, CHN

Website

https://www.zx.com

ZX Inc is a publisher of online game products in China. It is devoted to marketing and operating online games (in particular mobile games) in China. The online games developed by its clients marketed and operated by the company are delivered to players under the Tan Wan brand. The company has enabled the marketing and operation of 11 game products for more than five years and 28 game products for more than three years.

Executives

Wu Xubo	2307 Founder of a discretionary trust who can infl
Tmf (cayman) Ltd.	2301 Trustee
Wxland Holding Limited	2201 Interest of corporation controlled by you
Wxland International Ltd	2101 Beneficial owner
Wxland Limited	2201 Interest of corporation controlled by you
Trident Trust Company (hk) Limited	2301 Trustee
Wu Xuan	2307 Founder of a discretionary trust who can infl
Wxzela International Ltd	2101 Beneficial owner
Zela Holding Limited	2201 Interest of corporation controlled by you
Chen Yang	2201 Interest of corporation controlled by you
Wxworld Holding Limited	2101 Beneficial owner

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