Flying Financial Service Holdings (HKSE:08030) Total Inventories : HK$0.00 Mil (As of Dec. 2023)

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What is Flying Financial Service Holdings Total Inventories?

Flying Financial Service Holdings's total inventories for the quarter that ended in Dec. 2023 was HK$0.00 Mil. Flying Financial Service Holdings's average total inventories from the quarter that ended in Sep. 2023 to the quarter that ended in Dec. 2023 was HK$0.00 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Flying Financial Service Holdings's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was HK$-0.48.

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

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. Flying Financial Service Holdings's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.00.

Flying Financial Service Holdings Total Inventories Historical Data

The historical data trend for Flying Financial Service 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.

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Flying Financial Service Holdings Total Inventories Chart

Flying Financial Service Holdings Annual Data

Trend

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Total Inventories

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Flying Financial Service Holdings Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Total Inventories	Get a 7-Day Free Trial															-	-	-	-	-

Flying Financial Service 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.

Flying Financial Service Holdings (HKSE:08030) 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.

Flying Financial Service Holdings'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)
=	(18.114	+	0.75 * 0.135	+	0.5 * 0	-	51.727
-	0	-	0.208)	/	70.6707
=	-0.48

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

Flying Financial Service Holdings's Days Inventory for the three 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	/	0	*	365 / 4
	=

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

Flying Financial Service Holdings'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 )
	=	0	/	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.

Flying Financial Service Holdings'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	/	43.591
	=	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.

Flying Financial Service Holdings Total Inventories Related Terms

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Flying Financial Service Holdings (HKSE:08030) Business Description

Industry

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Address

18th Floor, Block C, Building 1, Shenzhen Software Industry Base, High-tech Industrial Park, Nanshan District, Shenzhen, CHN

Website

http://www.flyingfinancial.hk

Flying Financial Service Holdings Ltd is an investment holding company. The company's operating segments include Investment in property development projects; Operation of financial services platform; Provision of entrusted loan, pawn loan, other loan services, and financial consultation services, and Finance lease services. It generates maximum revenue from the Operation of financial services platform segment. Geographically, the company business has spread over Hong Kong and China. Most of its revenue is generated from China.

Executives

Yan Qinglin	2101 Beneficial owner
Niu Chengjun	2101 Beneficial owner
Zheng Weijing
Kimberland Credit Limited	2106 Person having a security interest in shares
Shi Andong	2201 Interest of corporation controlled by you
Ming Cheng Investments Limited

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