Nine Entertainment Co. Holdings (ASX:NEC) Inventory Turnover : 0.00 (As of Dec. 2023)

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What is Nine Entertainment Co. Holdings 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. Nine Entertainment Co. Holdings's Cost of Goods Sold for the six months ended in Dec. 2023 was A$0 Mil. Nine Entertainment Co. Holdings's Average Total Inventories for the quarter that ended in Dec. 2023 was A$317 Mil. Nine Entertainment Co. Holdings's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.00.

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. Nine Entertainment Co. Holdings's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.23.

Nine Entertainment Co. Holdings Inventory Turnover Historical Data

The historical data trend for Nine Entertainment Co. Holdings'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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Nine Entertainment Co. Holdings Inventory Turnover Chart

Nine Entertainment Co. Holdings Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Inventory Turnover

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103.65

94.90

116.64

10.51

Nine Entertainment Co. Holdings Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															-	116.64	-	5.48	-

Nine Entertainment Co. Holdings Inventory Turnover Calculation

Nine Entertainment Co. Holdings's Inventory Turnover for the fiscal year that ended in Jun. 2023 is calculated as

	Inventory Turnover (A: Jun. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Jun. 2023 )	/ (	(Total Inventories (A: Jun. 2022 )	+	Total Inventories (A: Jun. 2023 ))	/	count )
=	1641.169	/ (	(12.745	+	299.452)	/	2 )
=	1641.169	/	156.0985
=	10.51

Nine Entertainment Co. Holdings's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

	Inventory Turnover (Q: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2023 )	/ (	(Total Inventories (Q: Jun. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	0	/ (	(299.452	+	334.007)	/	2 )
=	0	/	316.7295
=	0.00

Nine Entertainment Co. Holdings (ASX:NEC) 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.

Nine Entertainment Co. Holdings's Days Inventory for the six 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
	=	316.7295	/	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.

Nine Entertainment Co. 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 )
	=	316.7295	/	1371.33
	=	0.23

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.

Nine Entertainment Co. Holdings Inventory Turnover Related Terms

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Nine Entertainment Co. Holdings (ASX:NEC) Business Description

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GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Nine Entertainment Co. Holdings Ltd (ASX:NEC) » Definitions » Inventory Turnover

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Traded in Other Exchanges

NEE:Germany

Address

1 Denison Street, Level 9, North Sydney, Sydney, NSW, AUS, 2060

Website

https://www.nineforbrands.com.au

Nine Entertainment operates Nine Network, a free-to-air TV network across five capital cities, as well as in regional Northern New South Wales and Darwin. It also owns 9Now, a leading broadcast video on demand operation in Australia. The merger with Fairfax combines Nine's top-ranked TV network and the second-largest newspaper group, topped with a collection of quality digital assets in Nine Digital, subscription video on demand operator Stan, and Fairfax's 60%-owned Domain. It ensures the merged entity remains prominent in the eyes of audiences and advertisers.

Nine Entertainment Co. Holdings (ASX:NEC) Headlines

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