Datasea (Datasea) Inventory Turnover : 52.43 (As of Dec. 2023)

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What is Datasea 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. Datasea's Cost of Goods Sold for the three months ended in Dec. 2023 was $11.25 Mil. Datasea's Average Total Inventories for the quarter that ended in Dec. 2023 was $0.21 Mil. Datasea's Inventory Turnover for the quarter that ended in Dec. 2023 was 52.43.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Datasea's Days Inventory for the three months ended in Dec. 2023 was 1.74.

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. Datasea's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.02.

Datasea Inventory Turnover Historical Data

The historical data trend for Datasea'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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Datasea Inventory Turnover Chart

Datasea Annual Data

Trend

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Inventory Turnover

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1.65

0.54

79.63

29.66

Datasea Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															0.43	6.71	14.75	28.12	52.43

Datasea Inventory Turnover Calculation

Datasea'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 )
=	6.704	/ (	(0.211	+	0.241)	/	2 )
=	6.704	/	0.226
=	29.66

Datasea'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: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	11.246	/ (	(0.243	+	0.186)	/	2 )
=	11.246	/	0.2145
=	52.43

Datasea (NAS:DTSS) 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.

Datasea's Days Inventory for the three 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
	=	0.2145	/	11.246	*	365 / 4
	=	1.74

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.

Datasea'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 )
	=	0.2145	/	11.348
	=	0.02

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.

Datasea Inventory Turnover Related Terms

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Datasea (Datasea) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Datasea Inc (NAS:DTSS) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

AQC0:Germany

Address

1 Ronghua South Road, 20th Floor, Tower B, Guorui Plaza, Technological Development Zone, Beijing, CHN, 100176

Website

http://www.dataseainc.com

Datasea Inc is a development stage company engaged in Internet security products. Its offers service and products such as Internet Security Equipment, New Media Advertising Service, Micro Marketing Service, Internet Service Provider (ISP) Connecting Service, Big Data Processing Service. The business activity of the group functions through China.

Executives

Yan Yang	director	RM 112, DRAGON COURT, 100 WATERLOO ROAD, KOWLOON K3 NONE
Chunqi Jiao	officer: CTO	130 CHIANGJIANG ROAD, NANGANG DISTRICT, HARBIN F4 150090
Fu Liu	director, 10 percent owner	1 XINGHUO RD, CHANGNING BUILDING, STE 21BC1, FENGTAI DISTRICT, BEIJING F4 100070
Zhixin Liu	director, 10 percent owner, officer: CEO	1 XINGHUO RD, CHANGNING BUILDING, STE, 21BC1, FENGTAI DISTRICT, BEIJING F4 100070
Chun Kwok Wong	director	1 XINGHUO RD CHANGNING BLDG, 11TH FLOOR FENGTAI DISTRICT, BEIJING F4 100070
Mingzhou Sun	officer: Chief Financial Officer	20TH FLOOR, TOWER B, GUORUI PLAZA, 1 RONGHUA S. RD, TECHNOLOGICAL DEVT ZONE, BEIJING F4 100176
Michael J. Antonoplos	director	345 STRATHMORE DRIVE, BRYN MAWR PA 19010-1262
Ling Wang	director	1 XINGHUO RD CHANGNING BLDG, 11TH FLOOR FENGTAI DISTRICT, BEIJING F4 100070
Tongjun Si	director	1 XINGHUO RD CHANGNING BLDG, 11TH FLOOR FENGTAI DISTRICT, BEIJING F4 100070
Jijin Zhang	officer: Chief Financial Officer	1 XINGHUO RD. CHANGNING BUILDING, 11TH FLOOR FENGTAI DISTRICT, BEIJING F4 100070