MOGU (MOGU) Inventory Turnover : 377.61 (As of Sep. 2023)

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What is MOGU 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. MOGU's Cost of Goods Sold for the six months ended in Sep. 2023 was $6.80 Mil. MOGU's Average Total Inventories for the quarter that ended in Sep. 2023 was $0.02 Mil. MOGU's Inventory Turnover for the quarter that ended in Sep. 2023 was 377.61.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. MOGU's Days Inventory for the six months ended in Sep. 2023 was 0.48.

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. MOGU's Inventory-to-Revenue for the quarter that ended in Sep. 2023 was 0.00.

MOGU Inventory Turnover Historical Data

The historical data trend for MOGU'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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MOGU Inventory Turnover Chart

MOGU Annual Data

Trend

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Inventory Turnover

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121.75

71.65

123.89

1,026.73

1,001.64

MOGU Semi-Annual Data
	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Inventory Turnover	Get a 7-Day Free Trial									393.61	558.90	708.00	477.03	377.61

MOGU Inventory Turnover Calculation

MOGU's Inventory Turnover for the fiscal year that ended in Mar. 2023 is calculated as

	Inventory Turnover (A: Mar. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Mar. 2023 )	/ (	(Total Inventories (A: Mar. 2022 )	+	Total Inventories (A: Mar. 2023 ))	/	count )
=	16.527	/ (	(0.012	+	0.021)	/	2 )
=	16.527	/	0.0165
=	1,001.64

MOGU's Inventory Turnover for the quarter that ended in Sep. 2023 is calculated as

	Inventory Turnover (Q: Sep. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Sep. 2023 )	/ (	(Total Inventories (Q: Mar. 2023 )	+	Total Inventories (Q: Sep. 2023 ))	/	count )
=	6.797	/ (	(0.021	+	0.015)	/	2 )
=	6.797	/	0.018
=	377.61

MOGU (NYSE:MOGU) 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.

MOGU's Days Inventory for the six months ended in Sep. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2023 )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
	=	0.018	/	6.797	*	365 / 2
	=	0.48

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.

MOGU's Inventory to Revenue for the quarter that ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2023 )	/	Revenue (Q: Sep. 2023 )
	=	0.018	/	11.415
	=	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.

MOGU Inventory Turnover Related Terms

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MOGU (MOGU) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » MOGU Inc (NYSE:MOGU) » Definitions » Inventory Turnover

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Traded in Other Exchanges

N/A

Address

No. 77 Xueyuan Road, Huanglong Wanke Center, 23/F, Building No. G, Xihu District, Hangzhou, CHN, 310012

Website

http://www.mogu-inc.com

MOGU Inc is an online fashion and lifestyle destination in China. The company's online platform includes Mogu.com, Mogujie.com, and Meilishuo.com. Its platform allows people to discover and share fashion trends while fully enjoying the shopping experience. The company on its platform provides content related to fashion and lifestyle guides in various multi-media formats which include Live Video Broadcasts, Short-form Videos, Photography, and Online Review Community. The company derives revenues from within China.