OneConnect Financial Technology Co (HKSE:06638) Total Inventories : HK$0 Mil (As of Mar. 2024)

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What is OneConnect Financial Technology Co Total Inventories?

OneConnect Financial Technology Co's total inventories for the quarter that ended in Mar. 2024 was HK$0 Mil. OneConnect Financial Technology Co's average total inventories from the quarter that ended in Dec. 2023 to the quarter that ended in Mar. 2024 was HK$0 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. OneConnect Financial Technology Co's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was HK$-2.52.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. OneConnect Financial Technology Co's Days Inventory for the three months ended in Mar. 2024 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. OneConnect Financial Technology Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.00.

OneConnect Financial Technology Co Total Inventories Historical Data

The historical data trend for OneConnect Financial Technology 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.

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OneConnect Financial Technology Co Total Inventories Chart

OneConnect Financial Technology Co Annual Data

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Total Inventories

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OneConnect Financial Technology Co 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															-	-	-	-	-

OneConnect Financial Technology 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.

OneConnect Financial Technology Co (HKSE:06638) 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.

OneConnect Financial Technology Co'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)
=	(2043.632	+	0.75 * 977.116	+	0.5 * 0	-	5751.123
-	0	-	-27.872)	/	1169.98
=	-2.52

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

OneConnect Financial Technology Co'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
	=	0	/	489.777	*	365 / 4
	=	0.00

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

OneConnect Financial Technology Co'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 )
	=	489.777	/	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.

OneConnect Financial Technology Co'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 )
	=	0	/	785.689
	=	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.

OneConnect Financial Technology Co Total Inventories Related Terms

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OneConnect Financial Technology Co (HKSE:06638) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Software » OneConnect Financial Technology Co Ltd (HKSE:06638) » Definitions » Total Inventories

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OCFT:USA

Address

No.1 Tairan 7th Road, 10-14th Floor, Block A, Platinum Towers, Futian District, Shenzhen, CHN

Website

https://www.ocft.com

OneConnect Financial Technology Co Ltd is a provider of technology platforms. Its platform provides cloud-native technology solutions that integrate financial services with market technology. The company offers technology applications and technology-enabled business services to financial institutions in China. Its technology solutions cover multiple verticals in the financial services industry, including banking, insurance and asset management, across the full scope of their businesses from sales and marketing and risk management to customer services and operations, as well as technology infrastructures such as data management and cloud services. The firm operates in two segments namely Technology Solutions which is the key revenue driver and Virtual Bank Business.

Executives

Li Jie	2101 Beneficial owner
Sen Rong Limited	2101 Beneficial owner
Yi Chuan Jin Limited	2201 Interest of corporation controlled by you
Hsbc Holdings Plc	2201 Interest of corporation controlled by you
An Ke Technology Company Limited	2201 Interest of corporation controlled by you
Bo Yu Limited	2101 Beneficial owner
Shenzhen Ping An Financial Technology Consulting Co., Ltd.	2201 Interest of corporation controlled by you
Dou Wenwei	2201 Interest of corporation controlled by you
Rong Chang Limited	2101 Beneficial owner
Wang Wenjun	2201 Interest of corporation controlled by you
Xu Liang	2201 Interest of corporation controlled by you
Zhong Guo Ping An Bao Xian Ji Tuan Gu Fen You Xian Gong Si	2201 Interest of corporation controlled by you

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