Haosen Fintech Group (HKSE:03848) Total Inventories : HK$0.0 Mil (As of Dec. 2023)

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What is Haosen Fintech Group Total Inventories?

Haosen Fintech Group's total inventories for the quarter that ended in Dec. 2023 was HK$0.0 Mil. Haosen Fintech Group's average total inventories from the quarter that ended in Jun. 2023 to the quarter that ended in Dec. 2023 was HK$0.0 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Haosen Fintech Group's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was HK$-1.27.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Haosen Fintech Group's Days Inventory for the six months ended in Dec. 2023 was 0.00.

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

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

Haosen Fintech Group Total Inventories Historical Data

The historical data trend for Haosen Fintech 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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Haosen Fintech Group Total Inventories Chart

Haosen Fintech Group Annual Data

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Total Inventories

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Haosen Fintech 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													-	-	-	-	-

Haosen Fintech 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.

Haosen Fintech Group (HKSE:03848) 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.

Haosen Fintech 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)
=	(28.263	+	0.75 * 5.89	+	0.5 * 0	-	230.768
-	0	-	0)	/	156.583
=	-1.27

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

Haosen Fintech 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
	=	0	/	12.868	*	365 / 2
	=	0.00

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

Haosen Fintech 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 )
	=	12.868	/	0
	=	N/A

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.

Haosen Fintech 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 )
	=	0	/	63.739
	=	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.

Haosen Fintech Group Total Inventories Related Terms

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Haosen Fintech Group (HKSE:03848) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Haosen Fintech Group Ltd (HKSE:03848) » Definitions » Total Inventories

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Address

26 Harbour Road, Room 3402, 34th Floor, China Resources Building, Wanchai, Hong Kong, HKG

Website

https://www.cwl.com

Haosen Fintech Group Ltd Formerly Wealthy Way Group Ltd is engaged in the financial services company. The company's segment includes Finance lease and factoring related services; Micro credit and loan facilitation related services and Securities dealing and broking and other financial services. It generates majority of its revenue from the Micro credit and loan facilitation related services segment. Geographically, it derives a majority of its revenue from China.

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