WiMi Hologram Cloud (WiMi Hologram Cloud) Total Inventories : $0.00 Mil (As of Dec. 2023)

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What is WiMi Hologram Cloud Total Inventories?

WiMi Hologram Cloud's total inventories for the quarter that ended in Dec. 2023 was $0.00 Mil. WiMi Hologram Cloud's average total inventories from the quarter that ended in Jun. 2023 to the quarter that ended in Dec. 2023 was $0.10 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. WiMi Hologram Cloud's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $0.73.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. WiMi Hologram Cloud's Days Inventory for the six months ended in Dec. 2023 was 0.60.

Inventory Turnover measures how fast the company turns over its inventory within a year. WiMi Hologram Cloud's Inventory Turnover for the quarter that ended in Dec. 2023 was 305.42.

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. WiMi Hologram Cloud's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.00.

WiMi Hologram Cloud Total Inventories Historical Data

The historical data trend for WiMi Hologram Cloud'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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WiMi Hologram Cloud Total Inventories Chart

WiMi Hologram Cloud Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Inventories

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0.63

1.07

0.35

WiMi Hologram Cloud Semi-Annual Data
	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Total Inventories	Get a 7-Day Free Trial								1.07	0.54	0.35	0.21	-

WiMi Hologram Cloud 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.

WiMi Hologram Cloud (NAS:WIMI) 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.

WiMi Hologram Cloud's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2023 is

	Net-Net Working Capital Per Share (Q: Dec. 2023 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(108.377	+	0.75 * 3.322	+	0.5 * 0	-	37.739
-	0	-	1.2)	/	98.208
=	0.73

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

WiMi Hologram Cloud'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
	=	0.1045	/	31.916	*	365 / 2
	=	0.60

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

WiMi Hologram Cloud's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Dec. 2023 )	/	Average Total Inventories (Q: Dec. 2023 )
	=	31.916	/	0.1045
	=	305.42

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.

WiMi Hologram Cloud'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 )
	=	0.1045	/	44.902
	=	0.00

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.

WiMi Hologram Cloud Total Inventories Related Terms

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WiMi Hologram Cloud (WiMi Hologram Cloud) Business Description

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0BF1:Germany

Address

1st West Dawang Road, Room No.2002, Building A, Wentley Center, Chaoyang, Beijing, CHN, 100020

Website

http://ir.wimiar.com

WiMi Hologram Cloud Inc and its subsidiaries offer augmented reality (AR) based holographic services and products to cater to its customers. Its AR service and product offerings primarily consist of holographic AR advertising services and holographic AR entertainment products. It is also into the semiconductor business, in which the company provides central processing algorithm services and computer chip products to enterprise customers and the sales of comprehensive solutions for central processing algorithms and related services with software and hardware integration. The company reports in three segments: AR advertising, AR entertainment, and Semiconductor. Its geographical segments are Mainland China, Hong Kong, and International.