Vobile Group (HKSE:03738) Total Inventories : HK$4 Mil (As of Dec. 2023)

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What is Vobile Group Total Inventories?

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

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Vobile Group's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was HK$-0.23.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Vobile Group's Days Inventory for the six months ended in Dec. 2023 was 1.03.

Inventory Turnover measures how fast the company turns over its inventory within a year. Vobile Group's Inventory Turnover for the quarter that ended in Dec. 2023 was 177.18.

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

Vobile Group Total Inventories Historical Data

The historical data trend for Vobile 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.

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Vobile Group Total Inventories Chart

Vobile Group Annual Data

Trend

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Dec23

Total Inventories

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17.09

4.40

Vobile Group Semi-Annual Data
	Dec14	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Total Inventories	Get a 7-Day Free Trial													-	-	17.09	1.71	4.40

Vobile 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.

Vobile Group (HKSE:03738) 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.

Vobile Group'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)
=	(240.043	+	0.75 * 1057.247	+	0.5 * 4.397	-	1366.296
-	0	-	185.646)	/	2228.67
=	-0.23

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

Vobile Group'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
	=	3.0525	/	540.849	*	365 / 2
	=	1.03

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

Vobile Group'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 )
	=	540.849	/	3.0525
	=	177.18

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.

Vobile Group'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 )
	=	3.0525	/	998.233
	=	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.

Vobile Group Total Inventories Related Terms

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Vobile Group (HKSE:03738) Business Description

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VOBIF:USA

Address

1 Matheson Street, Suite 3712, 37th Floor, Tower 2, Times Square, Causeway Bay, Hong Kong, HKG

Website

https://www.vobilegroup.com

Vobile Group Ltd is a Saas provider of the technology service of digital content protection and monetization. It builds the essential technology infrastructure to support the distribution of global digital content assets. The company's products are VideoTracker, ReClaim, TV Ad Tracking, Online TVOD PPT, MediaWise, and Transaction-based SaaS business that includes content monetization platforms to enable revenue-sharing for conventional home video distribution through its conventional PPT platform.

Executives

Greater Bay Area Homeland Investments Limited	2201 Interest of corporation controlled by you
Poly Platinum Enterprises Limited	2101 Beneficial owner
Greater Bay Area Homeland Development Fund (gp) Limited	2201 Interest of corporation controlled by you
Wang Yangbin Bernard	2101 Beneficial owner
Hangzhou Yunbo Investment Consulting Co., Ltd.
Hu Simon Xiaoming
Jiang Fang
Jing Eric Xiandong
Ma Yun
Lu Jian	2307 Founder of a discretionary trust who can infl
Ma Yi Ke Ji Ji Tuan Gu Fen You Xian Gong Si	2201 Interest of corporation controlled by you
Hang Zhou Yun Qiang Qi Ye Guan Li Zi Xun You Xian Gong Si	2201 Interest of corporation controlled by you
Antfin (hong Kong) Holding Limited	2101 Beneficial owner
Tricor Equity Trustee Limited	2301 Trustee
Navibell Venture Corp.	2101 Beneficial owner

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