Ebang International Holdings (Ebang International Holdings) Inventory Turnover : 49.44 (As of Dec. 2023)

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What is Ebang International Holdings 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. Ebang International Holdings's Cost of Goods Sold for the six months ended in Dec. 2023 was $18.47 Mil. Ebang International Holdings's Average Total Inventories for the quarter that ended in Dec. 2023 was $0.37 Mil. Ebang International Holdings's Inventory Turnover for the quarter that ended in Dec. 2023 was 49.44.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Ebang International Holdings's Days Inventory for the six months ended in Dec. 2023 was 3.69.

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. Ebang International Holdings's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.49.

Ebang International Holdings Inventory Turnover Historical Data

The historical data trend for Ebang International Holdings'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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Ebang International Holdings Inventory Turnover Chart

Ebang International Holdings Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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3.52

2.59

4.05

4.46

67.48

Ebang International Holdings Semi-Annual Data
	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Inventory Turnover	Get a 7-Day Free Trial						1.47	2.88	14.79	6.26	49.44

Ebang International Holdings Inventory Turnover Calculation

Ebang International Holdings'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 )
=	21.559	/ (	(0.44	+	0.199)	/	2 )
=	21.559	/	0.3195
=	67.48

Ebang International Holdings'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 )
=	18.465	/ (	(0.548	+	0.199)	/	2 )
=	18.465	/	0.3735
=	49.44

Ebang International Holdings (NAS:EBON) 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.

Ebang International Holdings'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
	=	0.3735	/	18.465	*	365 / 2
	=	3.69

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.

Ebang International Holdings'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 )
	=	0.3735	/	0.769
	=	0.49

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.

Ebang International Holdings Inventory Turnover Related Terms

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Ebang International Holdings (Ebang International Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Ebang International Holdings Inc (NAS:EBON) » Definitions » Inventory Turnover

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Traded in Other Exchanges

7EBA:Germany

Address

No. 20-02B, 12 Marina View, Asia Square Tower 2, Singapore, SGP, 018961

Website

https://www.ebang.com.cn

Ebang International Holdings Inc is an application-specific integrated circuit, or ASIC, chip design company and a manufacturer of high-performance Bitcoin mining machines. The company's Ebit E10 model, is a commercial mining machine that uses 10 nm ASIC chips among other mining machine producers. It operates in a single segment selling Bitcoin mining machines and related accessories, telecommunications products and provision of management and maintenance services.