China Literature (FRA:C2X) Inventory Turnover : 2.62 (As of Dec. 2023)

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What is China Literature 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. China Literature's Cost of Goods Sold for the six months ended in Dec. 2023 was €252.0 Mil. China Literature's Average Total Inventories for the quarter that ended in Dec. 2023 was €96.2 Mil. China Literature's Inventory Turnover for the quarter that ended in Dec. 2023 was 2.62.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. China Literature's Days Inventory for the six months ended in Dec. 2023 was 69.70.

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. China Literature's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.20.

China Literature Inventory Turnover Historical Data

The historical data trend for China Literature'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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China Literature Inventory Turnover Chart

China Literature Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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12.67

7.21

6.95

5.02

4.71

China Literature Semi-Annual Data
	Dec14	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													3.37	2.81	2.16	2.16	2.62

China Literature Inventory Turnover Calculation

China Literature's Inventory Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Inventory Turnover (A: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2023 )	/ (	(Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )
=	467.519	/ (	(102.944	+	95.507)	/	2 )
=	467.519	/	99.2255
=	4.71

China Literature'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 )
=	251.983	/ (	(96.97	+	95.507)	/	2 )
=	251.983	/	96.2385
=	2.62

China Literature (FRA:C2X) 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.

China Literature'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
	=	96.2385	/	251.983	*	365 / 2
	=	69.70

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.

China Literature'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 )
	=	96.2385	/	478.876
	=	0.20

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.

China Literature Inventory Turnover Related Terms

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China Literature (FRA:C2X) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » China Literature Ltd (FRA:C2X) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

CHLLF:USA 00772:Hong Kong C2X:Germany

Address

No. 5169 Binjiang Avenue, N3 Lujiazui Binjiang Center, Pudong New Area, Shanghai, CHN, 200135

Website

https://ir.yuewen.com

China Literature Ltd is an investment holding company. The company along with its subsidiaries provides online reading services, copyright commercialization, writer cultivation and brokerage, and operation of text work reading. It generates its revenue from Online reading through self-owned platform products. it operates in two segments: Online business and Intellectual property operations and others. The Online business segment that derives the majority of revenue comprises online paid reading, online advertising, and game publishing. The Intellectual property operations and others segment includes licensing and distribution of film and television properties, copyrights licensing, sales of adaptation rights and scripts, sales of physical books, in-house online games operations.

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