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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. QDM International's Cost of Goods Sold for the three months ended in Dec. 2023 was $0.61 Mil. QDM International's Average Total Inventories for the quarter that ended in Dec. 2023 was $0.00 Mil.
Days Inventory indicates the number of days of goods in sales that a company has in the inventory. QDM International's Days Inventory for the three months ended in Dec. 2023 was 0.00.
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. QDM International's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.00.
The historical data trend for QDM International'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.
QDM International Annual Data | |||||||||||||||||||||
Trend | Dec12 | Dec13 | Dec14 | Dec16 | Dec17 | Dec18 | Dec19 | Mar21 | Mar22 | Mar23 | |||||||||||
Inventory Turnover | Get a 7-Day Free Trial | - | - | - | - | - |
QDM International 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 | - | - | - | - | - |
QDM International'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 ) |
= | 0.717 | / ( | (0 | + | 0) | / | 1 ) |
= | 0.717 | / | 0 | ||||
= | N/A |
QDM International'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 ) |
= | 0.607 | / ( | (0 | + | 0) | / | 1 ) |
= | 0.607 | / | 0 | ||||
= | N/A |
* 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.
QDM International (OTCPK:QDMID) 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.
QDM International'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 | / | 0.607 | * | 365 / 4 | |
= | 0.00 |
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.
QDM International'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 | / | 1.01 | |
= | 0.00 |
* 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.
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.
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Timothy John Miles | director | PO BOX 30, DUNDEE MI 48131 |
Huihe Zheng | director, 10 percent owner, officer: Chairman, CEO, and President | T2-702 SOHO TIANSHAN SQUARE,, 1717 TIANSHAN ROAD, CHANGNING DISTRICT, SHANGHAI F4 200051 |
Huili Shen | director, officer: Secretary | ROOM 707 SOHO T2 TIANSHAN PLAZA, SHANGHAI F4 200051 |
Robert Brooks | 10 percent owner | 9 PROSPECT AVENUE, PORT WASHINGTON NY 11050 |
Kenneth J Scott | director | 2156 HURON TRAIL, MAITLAND FL 32751 |
Brian C Rosenbloom | director, 10 percent owner | |
Timothy B Shannon | director, officer: CEO/CFO | 4279 BURNWOOD TRAIL, DENVER CO 28037 |
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