Days Inventory is also known as Days Sales of Inventory (DSI). NFT's Average Total Inventories for the
three
months ended in Jun. 2023 was $0.00 Mil. NFT's Cost of Goods Sold for the
three
months ended in Jun. 2023 was $0.15 Mil.
Hence, NFT's Days Inventory for the
three
months ended in Jun. 2023 was 0.00.
The historical rank and industry rank for NFT's Days Inventory or its related term are showing as below:
MI's Days Inventory is not ranked *
in the Retail - Cyclical industry.
Industry Median: 111.025 * Ranked among companies with meaningful Days Inventory only.
NFT's Days Inventory
stayed the same
from Jun. 2022 (0.00) to Jun. 2023 (0.00).
Inventory Turnover measures how fast the company turns over its inventory within a year.
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.
NFT's Inventory-to-Revenue for the
three
months ended in Jun. 2023 was 0.00.
NFT Days Inventory Historical Data
The historical data trend for NFT's Days 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.
For the Internet Retail subindustry, NFT's Days Inventory, along with its competitors' market caps and Days Inventory data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
NFT's Days Inventory Distribution in the Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, NFT's Days Inventory distribution charts can be found below:
* The bar in red indicates where NFT's Days Inventory falls into.
NFT Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
NFT's Days Inventory for the fiscal year that ended in Dec. 2022 is calculated as
* 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.
NFT (AMEX:MI) Days Inventory Explanation
Days Inventory indicates the liquidity of the inventory. Generally, a lower Days Inventory is preferred as it indicates a shorter duration to clear off the inventory. An increase of the ratio may indicate the company's sales slowed. Similar ratios related to Days Inventory are:
1. Inventory Turnover measures how fast the company turns over its inventory within a year.
NFT's Inventory Turnover for the
three
months ended in Jun. 2023 is calculated as
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.
NFT's Inventory to Revenue for the
three
months ended in Jun. 2023 is calculated as
* 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
A lot of business are seasonable. It makes more sense to compare Days Inventory from the same period in the previous year instead of from the previous quarter.
NFT Days Inventory Related Terms
Thank you for viewing the detailed overview of NFT's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
NFT Ltd Formerly Takung Art Co Ltd operates an online electronic platform for offering and trading artwork. Through its platform, the company allows artists/art dealers/owners to access a much bigger art trading market where artists can engage with a wide range of investors. Its platform also invests in high-end artwork accessible to ordinary people without financial resources. The company's trading platforms comprise the sale of calligraphies and paintings, jewelry, and precious stones. It generates revenue in the form of services in connection with the offering and trading of artwork on its system, consisting of listing fees, trading commissions, and management fees.
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