Bitnine Co (XKRX:357880) Change In Inventory : ₩-884 Mil (TTM As of Mar. 2024)

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What is Bitnine Co Change In Inventory?

Bitnine Co's change in inventory for the quarter that ended in Mar. 2024 was ₩104 Mil. It means Bitnine Co's inventory declined by ₩104 Mil from Dec. 2023 to Mar. 2024 .

Bitnine Co's change in inventory for the fiscal year that ended in Dec. 2022 was ₩0 Mil. It means Bitnine Co's inventory stayed the same from Dec. 2021 to Dec. 2022 .

Bitnine Co's Total Inventories for the quarter that ended in Mar. 2024 was ₩1,555 Mil.

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

Inventory Turnover measures how fast the company turns over its inventory within a year. Bitnine Co's Inventory Turnover for the quarter that ended in Mar. 2024 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. Bitnine Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.21.

Bitnine Co Change In Inventory Historical Data

The historical data trend for Bitnine Co'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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Bitnine Co Change In Inventory Chart

Bitnine Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Change In Inventory

Bitnine Co Quarterly Data
	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Change In Inventory	Get a 7-Day Free Trial									-671.24	-1,603.55	264.43	350.95	103.93

Bitnine Co 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ₩-884 Mil.

Bitnine Co (XKRX:357880) Change In Inventory Explanation

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

Bitnine Co's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	1607.4465	/	0	*	365 / 4
	=	N/A

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

Bitnine Co's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	0	/	1607.4465
	=	0.00

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.

Bitnine Co's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	1607.4465	/	7608.389
	=	0.21

Bitnine Co Change In Inventory Related Terms

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Bitnine Co (XKRX:357880) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Bitnine Co Ltd (XKRX:357880) » Definitions » Change In Inventory

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Traded in Other Exchanges

N/A

Address

401 Yangcheon-ro, A 1201 Hangang Xi Tower, Gangseo-gu, Seoul, KOR

Website

https://bitnine.net

Bitnine Co Ltd is a graph technology company that is working in the global market through multi-model database products. Its products include Agence Graph, AG Cloud, Apache AGE, and G-Pass among others.

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