Hong Kong ChaoShang Group (HKSE:02322) Total Inventories : HK$0.0 Mil (As of Sep. 2023)

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What is Hong Kong ChaoShang Group Total Inventories?

Hong Kong ChaoShang Group's total inventories for the quarter that ended in Sep. 2023 was HK$0.0 Mil. Hong Kong ChaoShang Group's average total inventories from the quarter that ended in Mar. 2023 to the quarter that ended in Sep. 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. Hong Kong ChaoShang Group's Net-Net Working Capital per share for the quarter that ended in Sep. 2023 was HK$0.07.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Hong Kong ChaoShang Group's Days Inventory for the six months ended in Sep. 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. Hong Kong ChaoShang Group's Inventory-to-Revenue for the quarter that ended in Sep. 2023 was 0.00.

Hong Kong ChaoShang Group Total Inventories Historical Data

The historical data trend for Hong Kong ChaoShang 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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Hong Kong ChaoShang Group Total Inventories Chart

Hong Kong ChaoShang Group Annual Data

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Mar23

Total Inventories

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0.02

Hong Kong ChaoShang Group Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Total Inventories	Get a 7-Day Free Trial															-	-	-	-	-

Hong Kong ChaoShang 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.

Hong Kong ChaoShang Group (HKSE:02322) 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.

Hong Kong ChaoShang Group's Net-Net Working Capital Per Share for the quarter that ended in Sep. 2023 is

	Net-Net Working Capital Per Share (Q: Sep. 2023 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(169.324	+	0.75 * 241.842	+	0.5 * 0	-	94.81
-	0	-	-12.057)	/	4120.6
=	0.07

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

Hong Kong ChaoShang Group's Days Inventory for the six months ended in Sep. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2023 )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
	=	0	/	76.56	*	365 / 2
	=	0.00

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

Hong Kong ChaoShang Group's Inventory Turnover for the quarter that ended in Sep. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Sep. 2023 )	/	Average Total Inventories (Q: Sep. 2023 )
	=	76.56	/	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.

Hong Kong ChaoShang Group's Inventory to Revenue for the quarter that ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2023 )	/	Revenue (Q: Sep. 2023 )
	=	0	/	87.998
	=	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.

Hong Kong ChaoShang Group Total Inventories Related Terms

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Hong Kong ChaoShang Group (HKSE:02322) Business Description

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Address

26 Harbour Road, Suite 2202, 22nd Floor, China Resources Building, Wanchai, Hong Kong, HKG

Website

http://www.chaoshang.hk

Hong Kong ChaoShang Group Ltd is an investment holding company. It is engaged in Trading, Moneylending, Finance leasing, and Finance Services. The trading segment is a key revenue driver, involved in the trading of goods in the PRC. Money lending includes the provision of loan and factoring financing in Hong Kong and the PRC whereas, the finance leasing segment is engaged in the provision of finance leasing and sale-leaseback in the PRC. The financial services segment engaged in the provision of securities dealing broking, placing, underwriting, margin financing and asset management services in Hong Kong.

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