Taoping (Taoping) Change In Inventory : $-3.29 Mil (TTM As of Jun. 2023)

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Taoping Change In Inventory Definition

Taoping's change in inventory for the quarter that ended in Jun. 2023 was $-5.66 Mil. It means Taoping's inventory increased by $5.66 Mil from Dec. 2022 to Jun. 2023 .

Taoping's change in inventory for the fiscal year that ended in Dec. 2022 was $0.10 Mil. It means Taoping's inventory declined by $0.10 Mil from Dec. 2021 to Dec. 2022 .

Taoping's Total Inventories for the quarter that ended in Jun. 2023 was $5.78 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Taoping's Days Inventory for the quarter that ended in Jun. 2023 was 54.89.

Inventory Turnover measures how fast the company turns over its inventory within a year. Taoping's Inventory Turnover for the quarter that ended in Jun. 2023 was 3.33.

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. Taoping's Inventory-to-Revenue for the quarter that ended in Jun. 2023 was 0.22.

Taoping Change In Inventory Historical Data

The historical data trend for Taoping's Change In Inventory 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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Taoping Change In Inventory Chart

Taoping Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Change In Inventory

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-0.32

0.21

0.06

0.17

0.10

Taoping Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Change In Inventory	Get a 7-Day Free Trial															-1.19	1.36	-2.27	2.37	-5.66

Taoping Change In Inventory Calculation

Change In Inventory is the difference between last period's ending inventory and the current period's ending inventory.

Change In Inventory for the trailing twelve months (TTM) ended in Jun. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was $-3.29 Mil.

Taoping (NAS:TAOP) Change In Inventory Explanation

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

Taoping's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	3.0685	/	10.203	*	365 / 2
	=	54.89

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

Taoping's Inventory Turnover for the quarter that ended in Jun. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	10.203	/	3.0685
	=	3.33

3. 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.

Taoping's Inventory to Revenue for the quarter that ended in Jun. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	3.0685	/	14.078
	=	0.22

Taoping Change In Inventory Related Terms

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Taoping (Taoping) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Taoping Inc (NAS:TAOP) » Definitions » Change In Inventory

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N/A

Address

Everbright Bank Building, 21st Floor, Zhuzilin, Futian District, Guangdong, Shenzhen, CHN, 518040

Website

https://www.taop.com

Taoping Inc is a provider of cloud-app technologies for smart city IoT platforms, digital advertising delivery, and other internet-based information distribution systems in China. Its operating segment includes Cloud-based Technology (CBT), Blockchain Technology (BT), and Traditional Information Technology (TIT). It generates maximum revenue from the CBT segment. CBT segment includes cloud-based products and services offered to customers in the private sector including new media, healthcare, education, and residential community management.