African Discovery Group (African Discovery Group) Inventory Turnover : 0.00 (As of Aug. 2023)

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What is African Discovery Group Inventory Turnover?

Inventory Turnover measures how fast the company turns over its inventory within a year. It is calculated as Cost of Goods Sold divided by Total Inventories. African Discovery Group's Cost of Goods Sold for the six months ended in Aug. 2023 was $0.00 Mil. African Discovery Group's Average Total Inventories for the quarter that ended in Aug. 2023 was $0.00 Mil.

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

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. African Discovery Group's Inventory-to-Revenue for the quarter that ended in Aug. 2023 was 0.00.

African Discovery Group Inventory Turnover Historical Data

The historical data trend for African Discovery Group's Inventory Turnover 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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African Discovery Group Inventory Turnover Chart

African Discovery Group Annual Data

Trend

Dec10

Feb12

Feb13

Feb15

Feb16

Feb17

Inventory Turnover

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African Discovery Group Semi-Annual Data
	Jun10	Dec10	Jun11	Feb12	Aug12	Feb13	Aug13	Feb15	Aug15	Feb16	Aug16	Feb17	Aug22	Aug23
Inventory Turnover	Get a 7-Day Free Trial									-	-	-	-	-

African Discovery Group Inventory Turnover Calculation

African Discovery Group's Inventory Turnover for the fiscal year that ended in Feb. 2017 is calculated as

	Inventory Turnover (A: Feb. 2017 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Feb. 2017 )	/ (	(Total Inventories (A: Feb. 2016 )	+	Total Inventories (A: Feb. 2017 ))	/	count )
=	0.97	/ (	(0	+	0)	/	1 )
=	0.97	/	0
=	N/A

African Discovery Group's Inventory Turnover for the quarter that ended in Aug. 2023 is calculated as

	Inventory Turnover (Q: Aug. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Aug. 2023 )	/ (	(Total Inventories (Q: Aug. 2022 )	+	Total Inventories (Q: Aug. 2023 ))	/	count )
=	0	/ (	(0	+	0)	/	1 )
=	0	/	0
=	N/A

African Discovery Group (OTCPK:AFDG) Inventory Turnover Explanation

Inventory Turnover measures how fast the company turns over its inventory within a year. A higher Inventory Turnover means the company has light inventory. Therefore the company spends less money on storage, write downs, and obsolete inventory. If the inventory is too light, it may affect sales because the company may not have enough to meet demand.

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

African Discovery Group's Days Inventory for the six months ended in Aug. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Aug. 2023 )	/	Cost of Goods Sold (Q: Aug. 2023 )	*	Days in Period
	=	0	/	0	*	365 / 2
	=

2. 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.

African Discovery Group's Inventory to Revenue for the quarter that ended in Aug. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Aug. 2023 )	/	Revenue (Q: Aug. 2023 )
	=	0	/	0.15
	=	0.00

Be Aware

Usually retailers pile up their inventories at holiday seasons to meet the stronger demand. Therefore, the inventory of a particular quarter of a year should not be used to calculate Inventory Turnover. An average inventory is a better indication.

African Discovery Group Inventory Turnover Related Terms

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African Discovery Group (African Discovery Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » African Discovery Group Inc (OTCPK:AFDG) » Definitions » Inventory Turnover

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Traded in Other Exchanges

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Address

445 Park Avenue, Ninth Floor, New York, NY, USA, 10022

Website

https://www.africandiscoverygroup.com

African Discovery Group Inc primary business from which it currently generates revenue includes power, agriculture/sustainability, media, strategic minerals, and finance sectors on the African continent.

African Discovery Group (African Discovery Group) Headlines

From GuruFocus

African Discovery Group, Inc. (AFDG) enters collaboration with Ogelle, a dedicated African Social Media Network; announces DTC eligibility

By PRNewswire PRNewswire • 02-25-2021

African Discovery Group, Inc. Announces Completion of Capital Raise

By PRNewswire PRNewswire • 02-08-2021