E-Home Household Service Holdings (E-Home Household Service Holdings) Inventory Turnover : 214.88 (As of Jun. 2023)

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What is E-Home Household Service 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. E-Home Household Service Holdings's Cost of Goods Sold for the six months ended in Jun. 2023 was $22.03 Mil. E-Home Household Service Holdings's Average Total Inventories for the quarter that ended in Jun. 2023 was $0.10 Mil. E-Home Household Service Holdings's Inventory Turnover for the quarter that ended in Jun. 2023 was 214.88.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. E-Home Household Service Holdings's Days Inventory for the six months ended in Jun. 2023 was 0.85.

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. E-Home Household Service Holdings's Inventory-to-Revenue for the quarter that ended in Jun. 2023 was 0.00.

E-Home Household Service Holdings Inventory Turnover Historical Data

The historical data trend for E-Home Household Service 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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E-Home Household Service Holdings Inventory Turnover Chart

E-Home Household Service Holdings Annual Data

Trend

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Inventory Turnover

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2,508.42

373.06

344.14

2,211.73

E-Home Household Service Holdings Semi-Annual Data
	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Inventory Turnover	Get a 7-Day Free Trial								80.99	166.01	912.48	304.82	214.88

E-Home Household Service Holdings Inventory Turnover Calculation

E-Home Household Service Holdings's Inventory Turnover for the fiscal year that ended in Jun. 2023 is calculated as

	Inventory Turnover (A: Jun. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Jun. 2023 )	/ (	(Total Inventories (A: Jun. 2022 )	+	Total Inventories (A: Jun. 2023 ))	/	count )
=	49.764	/ (	(0.011	+	0.034)	/	2 )
=	49.764	/	0.0225
=	2,211.73

E-Home Household Service Holdings's Inventory Turnover for the quarter that ended in Jun. 2023 is calculated as

	Inventory Turnover (Q: Jun. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Jun. 2023 )	/ (	(Total Inventories (Q: Dec. 2022 )	+	Total Inventories (Q: Jun. 2023 ))	/	count )
=	22.025	/ (	(0.171	+	0.034)	/	2 )
=	22.025	/	0.1025
=	214.88

E-Home Household Service Holdings (NAS:EJH) 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.

E-Home Household Service Holdings's Days Inventory for the six months ended in Jun. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jun. 2023 )	/	Cost of Goods Sold (Q: Jun. 2023 )	*	Days in Period
	=	0.1025	/	22.025	*	365 / 2
	=	0.85

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.

E-Home Household Service Holdings's Inventory to Revenue for the quarter that ended in Jun. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jun. 2023 )	/	Revenue (Q: Jun. 2023 )
	=	0.1025	/	29.445
	=	0.00

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.

E-Home Household Service Holdings Inventory Turnover Related Terms

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E-Home Household Service Holdings (E-Home Household Service Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Personal Services » E-Home Household Service Holdings Ltd (NAS:EJH) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Yangqiao Road, Dongbai Center, 18th Floor, East Tower, Building B, Gulou District, Fuzhou, CHN, 350001

Website

https://www.ej111.com

E-Home Household Service Holdings Ltd is a household service company providing integrated household services through its website and WeChat platform across China. The company offers services including home appliance and housekeeping services. It operates its business mainly by receiving the orders online and providing the services offline. Its operations are organized into five reportable segments: installation and maintenance services, housekeeping services, senior care services, sales of pharmaceutical products and educational consulting services. The group's principal source of revenue comes from the Installation and Maintenance segment, followed by Housekeeping and Senior care services segment.