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HF Foods Group's total inventories for the quarter that ended in Mar. 2024 was $108 Mil. HF Foods Group's average total inventories from the quarter that ended in Dec. 2023 to the quarter that ended in Mar. 2024 was $107 Mil.
In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. HF Foods Group's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was $-3.96.
Days Inventory indicates the number of days of goods in sales that a company has in the inventory. HF Foods Group's Days Inventory for the three months ended in Mar. 2024 was 39.72.
Inventory Turnover measures how fast the company turns over its inventory within a year. HF Foods Group's Inventory Turnover for the quarter that ended in Mar. 2024 was 2.30.
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. HF Foods Group's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.36.
The historical data trend for HF Foods 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.
HF Foods Group Annual Data | ||||||||||||||||
Trend | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||
Total Inventories | Get a 7-Day Free Trial | 77.53 | 58.54 | 102.69 | 120.29 | 105.62 |
HF Foods Group Quarterly Data | ||||||||||||||||||||
Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | |
Total Inventories | Get a 7-Day Free Trial |
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110.47 | 111.07 | 115.94 | 105.62 | 107.91 |
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.
HF Foods Group (NAS:HFFG) 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.
HF Foods Group's Net-Net Working Capital Per Share for the quarter that ended in Mar. 2024 is
Net-Net Working Capital Per Share (Q: Mar. 2024 ) | |||||||
= | (Cash And Cash Equivalents | + | 0.75 * Accounts Receivable | + | 0.5 * Total Inventories | - | Total Liabilities |
- | Preferred Stock | - | Minority Interest) | / | Shares Outstanding (EOP) | ||
= | (18.215 | + | 0.75 * 50 | + | 0.5 * 107.908 | - | 314.903 |
- | 0 | - | 1.457) | / | 52.156 | ||
= | -3.96 |
2. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
HF Foods Group's Days Inventory for the three months ended in Mar. 2024 is calculated as:
Days Inventory | = | Average Total Inventories (Q: Mar. 2024 ) | / | Cost of Goods Sold (Q: Mar. 2024 ) | * | Days in Period |
= | 106.763 | / | 245.243 | * | 365 / 4 | |
= | 39.72 |
3. Inventory Turnover measures how fast the company turns over its inventory within a year.
HF Foods Group's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as
Inventory Turnover | = | Cost of Goods Sold (Q: Mar. 2024 ) | / | Average Total Inventories (Q: Mar. 2024 ) |
= | 245.243 | / | 106.763 | |
= | 2.30 |
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.
HF Foods Group's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as
Inventory-to-Revenue | = | Average Total Inventories (Q: Mar. 2024 ) | / | Revenue (Q: Mar. 2024 ) |
= | 106.763 | / | 295.654 | |
= | 0.36 |
* 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.
Thank you for viewing the detailed overview of HF Foods Group's Total Inventories provided by GuruFocus.com. Please click on the following links to see related term pages.
Xiao Mou Zhang | director, officer: Chief Executive Officer | 6001 W. MARKET STREET, GREENSBORO NC 27409 |
Prudence H Chiang | director | 6325 S RAINBOW BLVD STE 420, LAS VEGAS NV 89118 |
Valerie Chase | director | SOUTH 6325 RAINBOW BOULEVARD, SUITE 420, LAS VEGAS NV 89118 |
Xi Lin | officer: Chief Operating Officer | 6001 W. MARKET STREET, GREENSBORO NC 27409 |
Russell T. Libby | director | SYSCO CORPORATION, 1390 ENCLAVE PARKWAY, HOUSTON TX 77077 |
Christine Chang | officer: See Remarks | 19319 ARENTH AVENUE, CITY OF INDUSTRY CA 91748 |
Hong Wang | director | 5811 WILDROSE DRIVE, GREENSBORO NC 27410 |
Carlos Antonio Rodriguez | officer: Chief Financial Officer | 6325 SOUTH RAINBOW BOULEVARD, SUITE 420, LAS VEGAS NV 89118 |
Jose Maroto | director | 6325 SOUTH RAINBOW BOULEVARD, SUITE 420, LAS VEGAS NV 89118 |
Kong Hian Lee | officer: Chief Financial Officer | 19319 ARENTH AVENUE, CITY OF INDUSTRY CA 91748 |
Spot Light Investments, Llc | 10 percent owner | 6001 W. MARKET STREET, GREENSBORO NC 27409 |
Ren Hua Zheng | director | 2 DANDY DRIVE, COS COB CT 06807 |
Caixuan Xu | officer: Chief Financial Officer | 6001 W. MARKET ST, GREENSBORO NC 27409 |
Zhehui Ni | director | ROOM 1704, BUILDING #16, NO. 58 AOMEN ROAD, SHANGHAI F4 200061 |
Irrevocable Trust For Raymond Ni | 10 percent owner | 6001 WEST MARKET STREET, GREENSBORO NC 27409 |
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