Society Pass (Society Pass) Total Inventories : $0.38 Mil (As of Mar. 2024)

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What is Society Pass Total Inventories?

Society Pass's total inventories for the quarter that ended in Mar. 2024 was $0.38 Mil. Society Pass's average total inventories from the quarter that ended in Dec. 2023 to the quarter that ended in Mar. 2024 was $0.41 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Society Pass's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was $-2.76.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Society Pass's Days Inventory for the three months ended in Mar. 2024 was 27.33.

Inventory Turnover measures how fast the company turns over its inventory within a year. Society Pass's Inventory Turnover for the quarter that ended in Mar. 2024 was 3.34.

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. Society Pass's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.22.

Society Pass Total Inventories Historical Data

The historical data trend for Society Pass'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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Society Pass Total Inventories Chart

Society Pass Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Total Inventories

0.22

0.31

0.43

Society Pass Quarterly Data
	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													0.23	0.20	0.84	0.43	0.38

Society Pass 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.

Society Pass (NAS:SOPA) 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.

Society Pass'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)
=	(1.619	+	0.75 * 1.338	+	0.5 * 0.38	-	10.03
-	0	-	-0.271)	/	2.51749
=	-2.76

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

Society Pass'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
	=	0.4055	/	1.354	*	365 / 4
	=	27.33

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

Society Pass'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 )
	=	1.354	/	0.4055
	=	3.34

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.

Society Pass'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 )
	=	0.4055	/	1.847
	=	0.22

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.

Society Pass Total Inventories Related Terms

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Society Pass (Society Pass) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Society Pass Inc (NAS:SOPA) » Definitions » Total Inventories

Comparable Companies

Traded in Other Exchanges

N/A

Address

701 South Carson Street, Suite 200, Carson, NV, USA, 89701

Website

https://www.thesocietypass.com

Society Pass Inc is building an ecosystem of platforms and technology-enabled companies that synergistically work together in transforming how consumers and merchants interact with one another in Southeast Asia and South Asia. Through the acquisition of companies and partnerships with visionary entrepreneurs, the company meets the growing demand for better services in sectors such as lifestyle, beauty, travel, and food and beverage. The company currently operates in six reportable operating segments: Online Grocery and Food and Groceries Deliveries, Digital marketing, Online ticketing and reservation, Telecommunications Reseller, e-Commerce, and Merchant Point of Sale (merchant POS). The company generates the majority of its revenue from the Digital marketing segment.

Executives

Nguyen Dennis Luan Thuc	director, officer: Chief Executive Officer	2740 WEST LAKE OF THE ISLES PARKWAY, MINNEAPOLIS MN 55416
Jeremy Miller	director	701 S CARSON STREET, SUITE 200, CARSON CITY NV 89701
Bien Kiat Tan	director	701 S. CARSON STREET, SUITE 200, CARSON CITY NV 89701
Hien Yuki Phan	officer: Manager, Marketing	701 S. CARSON STREET, SUITE 200, CARSON CITY NV 89701
Liang Raynauld Wee Leong	officer: CFO/Singapore Country Gen Mgr	701 S. CARSON STREET, SUITE 200, CARSON CITY NV 89701
Cham Thi Ngo	officer: Chief Accountant/Head of Admin	P603 INTRACOM BLDG., 66 TRUNG VAN, NAM TU LIEM DISTRICT, HANOI Q1 10000
Shashi Kant Mishra	officer: Manager, IT Security/Analytics	B 611/612, NOIDAONE, B-BLOCK, SECTOR 63, NOIDA, NOIDA K7 201301
John Sebastian Mackay	director	701 S. CARSON STREET, SUITE 200, CARSON CITY NV 89701
Linda Susan Cutler	director	701 S. CARSON STREET, SUITE 200, CARSON CITY NV 89701
Yee Siong Tan	officer: Financial Controller	701 S. CARSON STREET, SUITE 200, CARSON CITY NV 89701
Pamela Aw-young	officer: COO	701 S. CARSON STREET, SUITE 200, CARSON CITY NV 89701
Gautier Loic Erwan Kevin	officer: Chief Marketing Officer	701 S. CARSON STREET, SUITE 200, CARSON CITY NV 89701
Brun Pierre Antoine Frank Jacques	officer: Chief Technology Officer	701 S. CARSON STREET, SUITE 200, CARSON CITY NV 89701