Able View Global (Able View Global) Change In Inventory : $0.0 Mil (TTM As of Dec. 2023)

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What is Able View Global Change In Inventory?

Able View Global's change in inventory for the quarter that ended in Dec. 2023 was $0.0 Mil. It means Able View Global's inventory stayed the same from Jun. 2023 to Dec. 2023 .

Able View Global's change in inventory for the fiscal year that ended in Dec. 2023 was $1.1 Mil. It means Able View Global's inventory declined by $1.1 Mil from Dec. 2022 to Dec. 2023 .

Able View Global's Total Inventories for the quarter that ended in Dec. 2023 was $17.4 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Able View Global's Days Inventory for the quarter that ended in Dec. 2023 was 61.32.

Inventory Turnover measures how fast the company turns over its inventory within a year. Able View Global's Inventory Turnover for the quarter that ended in Dec. 2023 was 2.98.

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. Able View Global's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.25.

Able View Global Change In Inventory Historical Data

The historical data trend for Able View Global's Change In Inventory 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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Able View Global Change In Inventory Chart

Able View Global Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Change In Inventory

-2.38

-4.02

-8.95

1.11

Able View Global Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Change In Inventory	Get a 7-Day Free Trial			-2.96	-9.82	0.88	-	-

Able View Global Change In Inventory Calculation

Change In Inventory is the difference between last period's ending inventory and the current period's ending inventory.

Change In Inventory for the trailing twelve months (TTM) ended in Dec. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was $0.0 Mil.

Able View Global (NAS:ABLV) Change In Inventory Explanation

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

Able View Global's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	16.8	/	49.997	*	365 / 2
	=	61.32

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

Able View Global's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	49.997	/	16.8
	=	2.98

3. 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.

Able View Global's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	16.8	/	67.336
	=	0.25

Able View Global Change In Inventory Related Terms

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Able View Global (Able View Global) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Able View Global Inc (NAS:ABLV) » Definitions » Change In Inventory

Comparable Companies

Traded in Other Exchanges

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Address

No. 168, Middle Xizang Road, Floor 16, Dushi Headquarters Building, Shanghai, CHN, 200001

Website

Able View Global Inc operates as a brand management partner of international beauty and personal care brands in China. It provides full-service solutions covering marketing strategy, branding, digital and social marketing, omni-channel sales, customer service, overseas logistics, warehouse, and fulfillment. The firm generates revenue from product sales by distributing and selling cross-border products from various global brand owners to Chinese consumers.

Able View Global (Able View Global) Headlines

From GuruFocus

Able View Global Inc. Reports Fiscal Year 2023 Results

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