Able View Global (Able View Global) Inventory Turnover : 2.98 (As of Dec. 2023)

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What is Able View Global 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. Able View Global's Cost of Goods Sold for the six months ended in Dec. 2023 was $50.0 Mil. Able View Global's Average Total Inventories for the quarter that ended in Dec. 2023 was $16.8 Mil. Able View Global's Inventory Turnover for the quarter that ended in Dec. 2023 was 2.98.

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 six months ended in Dec. 2023 was 61.32.

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 Inventory Turnover Historical Data

The historical data trend for Able View Global'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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Able View Global Inventory Turnover Chart

Able View Global Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

9.56

11.41

7.86

6.20

Able View Global Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Inventory Turnover	Get a 7-Day Free Trial			5.34	3.14	3.46	3.56	2.98

Able View Global Inventory Turnover Calculation

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

	Inventory Turnover (A: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2023 )	/ (	(Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )
=	111.991	/ (	(18.679	+	17.426)	/	2 )
=	111.991	/	18.0525
=	6.20

Able View Global'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: Jun. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	49.997	/ (	(16.174	+	17.426)	/	2 )
=	49.997	/	16.8
=	2.98

Able View Global (NAS:ABLV) 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.

Able View Global's Days Inventory for the six 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
	=	16.8	/	49.997	*	365 / 2
	=	61.32

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.

Able View Global'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 )
	=	16.8	/	67.336
	=	0.25

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.

Able View Global Inventory Turnover 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 » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

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

By ACCESSWIRE • 05-01-2024