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XXF Group Holdings (HKSE:02473) Total Inventories : HK$144 Mil (As of Jun. 2024)


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What is XXF Group Holdings Total Inventories?

XXF Group Holdings's total inventories for the quarter that ended in Jun. 2024 was HK$144 Mil. XXF Group Holdings's average total inventories from the quarter that ended in Dec. 2023 to the quarter that ended in Jun. 2024 was HK$165 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. XXF Group Holdings's Net-Net Working Capital per share for the quarter that ended in Jun. 2024 was HK$-1.27.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. XXF Group Holdings's Days Inventory for the six months ended in Jun. 2024 was 62.31.

Inventory Turnover measures how fast the company turns over its inventory within a year. XXF Group Holdings's Inventory Turnover for the quarter that ended in Jun. 2024 was 2.93.

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. XXF Group Holdings's Inventory-to-Revenue for the quarter that ended in Jun. 2024 was 0.23.

XXF Group Holdings Total Inventories Historical Data

The historical data trend for XXF Group Holdings'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.

XXF Group Holdings Total Inventories Chart

XXF Group Holdings Annual Data
Trend Dec20 Dec21 Dec22 Dec23 Dec24
Total Inventories
168.36 173.73 216.23 185.92 183.79

XXF Group Holdings Semi-Annual Data
Dec20 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24
Total Inventories Get a 7-Day Free Trial 216.23 139.50 185.92 144.45 183.79

XXF Group Holdings 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.

XXF Group Holdings  (HKSE:02473) 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.

XXF Group Holdings's Net-Net Working Capital Per Share for the quarter that ended in Jun. 2024 is

Net-Net Working Capital Per Share (Q: Jun. 2024 )
=(Cash And Cash Equivalents+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(267.353+0.75 * 11.368+0.5 * 144.45-2303.253
-0-6.202)/1546.875
=-1.27

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

XXF Group Holdings's Days Inventory for the six months ended in Jun. 2024 is calculated as:

Days Inventory=Average Total Inventories (Q: Jun. 2024 )/Cost of Goods Sold (Q: Jun. 2024 )*Days in Period
=165.183/483.789*365 / 2
=62.31

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

XXF Group Holdings's Inventory Turnover for the quarter that ended in Jun. 2024 is calculated as

Inventory Turnover=Cost of Goods Sold (Q: Jun. 2024 ) / Average Total Inventories (Q: Jun. 2024 )
=483.789 / 165.183
=2.93

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.

XXF Group Holdings's Inventory to Revenue for the quarter that ended in Jun. 2024 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Jun. 2024 ) / Revenue (Q: Jun. 2024 )
=165.183 / 709.066
=0.23

* 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.

XXF Group Holdings Total Inventories Related Terms

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XXF Group Holdings Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » XXF Group Holdings Ltd (HKSE:02473) » Definitions » Total Inventories
Comparable Companies
HKSE:02666 HKSE:02858 HKSE:06069 HKSE:01905 HKSE:00086 HKSE:00373 HKSE:00900 HKSE:03848 HKSE:00093 HKSE:02003 V MA AXP COF PYPL BOM:500034 DFS SYF BOM:543257 SOFI
Traded in Other Exchanges
N/A
Address
No. 318 Fuguang Road, Building 3, Fuxing Economic Development Zone, Jin’an District, Fujian, Fuzhou, CHN
Website
https://www.xxfqc.com
XXF Group Holdings Ltd is an established automobile retailer providing automobile finance lease service through its self-operated sales outlets in the PRC. The Group's principal businesses comprise automobile retail and finance, where it sells non-luxury automobiles mostly on direct finance lease; and automobile-related businesses, where it principally offers automobile operating lease service and other automobile-related services.
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