Ourgame International Holdings (FRA:13O) Inventory Turnover : 194.17 (As of Jun. 2023)

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What is Ourgame 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. Ourgame International Holdings's Cost of Goods Sold for the six months ended in Jun. 2023 was €14.08 Mil. Ourgame International Holdings's Average Total Inventories for the quarter that ended in Jun. 2023 was €0.07 Mil. Ourgame International Holdings's Inventory Turnover for the quarter that ended in Jun. 2023 was 194.17.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Ourgame International Holdings's Days Inventory for the six months ended in Jun. 2023 was 0.94.

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. Ourgame International Holdings's Inventory-to-Revenue for the quarter that ended in Jun. 2023 was 0.00.

Ourgame International Holdings Inventory Turnover Historical Data

The historical data trend for Ourgame 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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Ourgame International Holdings Inventory Turnover Chart

Ourgame International Holdings Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Inventory Turnover

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237.39

149.72

175.25

177.84

236.82

Ourgame International Holdings Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Inventory Turnover	Get a 7-Day Free Trial															47.28	70.82	66.08	180.99	194.17

Ourgame International Holdings Inventory Turnover Calculation

Ourgame International Holdings's Inventory Turnover for the fiscal year that ended in Dec. 2022 is calculated as

	Inventory Turnover (A: Dec. 2022 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2022 )	/ (	(Total Inventories (A: Dec. 2021 )	+	Total Inventories (A: Dec. 2022 ))	/	count )
=	18.117	/ (	(0.079	+	0.074)	/	2 )
=	18.117	/	0.0765
=	236.82

Ourgame International 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 )
=	14.077	/ (	(0.074	+	0.071)	/	2 )
=	14.077	/	0.0725
=	194.17

Ourgame International Holdings (FRA:13O) 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.

Ourgame International 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
	=	0.0725	/	14.077	*	365 / 2
	=	0.94

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.

Ourgame International 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 )
	=	0.0725	/	20.935
	=	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.

Ourgame International Holdings Inventory Turnover Related Terms

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Ourgame International Holdings (FRA:13O) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Ourgame International Holdings Ltd (FRA:13O) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

1 Matheson Street, 31/F, Tower Two Times Square, Causeway Bay, Hong Kong, HKG

Website

https://www.ourgame.com

Ourgame International Holdings Ltd is engaged in the development and operation of online card and board, organizing and broadcasting online to offline mind-sports events, tournaments, TV shows and content. The company's products include board games, card games, mahjong games, casual games, flash games, Texas Hold'em, Fight the Landlord, mobile games, and other self-developed games. It organizes its business in three segments namely PC games, Mobile games and others which include game tournaments organized by the company. Revenue generated by the company mostly comes from China through sales of games as well as sponsorship income and other miscellaneous revenue.

Ourgame International Holdings (FRA:13O) Headlines

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