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HCIL (Hongchang International Co) Total Inventories : $0.00 Mil (As of Dec. 2024)


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What is Hongchang International Co Total Inventories?

Hongchang International Co's total inventories for the quarter that ended in Dec. 2024 was $0.00 Mil. Hongchang International Co's average total inventories from the quarter that ended in Sep. 2024 to the quarter that ended in Dec. 2024 was $0.93 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Hongchang International Co's Net-Net Working Capital per share for the quarter that ended in Dec. 2024 was $-0.04.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Hongchang International Co's Days Inventory for the three months ended in Dec. 2024 was 6,510.34.

Inventory Turnover measures how fast the company turns over its inventory within a year. Hongchang International Co's Inventory Turnover for the quarter that ended in Dec. 2024 was 0.01.

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. Hongchang International Co's Inventory-to-Revenue for the quarter that ended in Dec. 2024 was 20.16.


Hongchang International Co Total Inventories Historical Data

The historical data trend for Hongchang International 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.

* Premium members only.

Hongchang International Co Total Inventories Chart

Hongchang International Co Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Total Inventories
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - 0.01 -

Hongchang International Co Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
Total Inventories Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.01 - 1.78 1.86 -

Hongchang International 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.


Hongchang International Co  (OTCPK:HCIL) 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.

Hongchang International Co's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2024 is

Net-Net Working Capital Per Share (Q: Dec. 2024 )
=(Cash And Cash Equivalents+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(0.241+0.75 * 0.053+0.5 * 0-18.678
-0-0.006)/518.831
=-0.04

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

Hongchang International Co's Days Inventory for the three months ended in Dec. 2024 is calculated as:

Days Inventory=Average Total Inventories (Q: Dec. 2024 )/Cost of Goods Sold (Q: Dec. 2024 )*Days in Period
=0.9275/0.013*365 / 4
=6,510.34

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

Hongchang International Co's Inventory Turnover for the quarter that ended in Dec. 2024 is calculated as

Inventory Turnover=Cost of Goods Sold (Q: Dec. 2024 ) / Average Total Inventories (Q: Dec. 2024 )
=0.013 / 0.9275
=0.01

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.

Hongchang International Co's Inventory to Revenue for the quarter that ended in Dec. 2024 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Dec. 2024 ) / Revenue (Q: Dec. 2024 )
=0.9275 / 0.046
=20.16

* 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.


Hongchang International Co Total Inventories Related Terms

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Hongchang International Co Business Description

Traded in Other Exchanges
N/A
Address
Block 20, Yuanhong Investment Zone, Hongchang Food Co., Ltd, Donggao Village, Chengtou Town, Fuqing City, Fujian Province, Fuzhou, CHN, 350300
Hongchang International Co Ltd is a company mainly exports frozen fruits and vegetables, aquatic products. It has its own factory and agricultural base to produce fresh fruits, and the contract factory to produce frozen fruits and vegetables. Their products are mainly supplied to the world supermarkets, as well as wholesale in the United States, Southeast Asia, the Middle East, Europe and other countries.
Executives
Ban Siong Ang director, 10 percent owner 1986, PERMATANG BERANGAN,, TASEK GELUGOR, PENANG N8 13300
Xingjia Gao director ROOM 1007, XIANGYUN BUILDING, NO.1400, BAIYUN AV., NORTH GUANGZHOU F4 510440
Zengqiang Lin director, 10 percent owner, officer: CEO, President 1008, BLOCK B, RONGSHANG BUILDING, FUQING CITY F4 350309
Zhenzhu Lin director, 10 percent owner 1008, BLOCK B, RONGSHANG BUILDING, FUQING CITY F4 350309
Hung Seng Tan director 38, LORONG SERI PETALING 1/1, TAMAN SERI PETALING, KULIM,KEDAM N8 09000
Daniel C Master other: Former Pres, Direct, 10% owner P O BOX 66, LA JOLLA CA 92038
Kwee Huwa Tan director NO 8-1F, JALAN GAMALAN INDAH 1, TAMAN GAMELAN INDAH, SINGAI BAKAP N8 14200
Wei Li officer: Chief Financial Officer 4TH FLOOR, NO. 10 BLDG, XINGLIN BAY, BUSINESS OPERATION CENTER, JIMEI DISTR., XIAMEN F4 00000
Derald M Miller director 230 WEST 400 SOUTH, 1ST FLOOR, SALT LAKE CITY UT 84101
K Lance Bell director, officer: CEO, President 230 WEST 400 SOUTH 1ST FLOOR, SALT LAKE CITY UT 84101
Tanner J Purser officer: Secretary 230 WEST 400 SOUTH, 1ST FLOOR, SALT LAKE CITY UT 84101
James C Roundy director, officer: vice president 230 WEST 400 SOUTH 1ST FLOOR, SALK LAKE CITY UT 84101
Robert Brett Bell officer: Secretary 180 SOUTH 300 WEST, SUITE 400, SALT LAKE CITY UT 84101
Allan E Oepping other: Former director 180 SOUTH 300 WEST, SUITE 400, SALT LAKE CITY UT 84101
Benjamin A Black other: Former director 180 SOUTH 300 WEST, SUITE 400, SALT LAKE CITY UT 84101

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