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Movella Holdings (FRA:Z5K) Inventory Turnover : 0.60 (As of Jun. 2023)


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What is Movella 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. Movella Holdings's Cost of Goods Sold for the three months ended in Jun. 2023 was €3.61 Mil. Movella Holdings's Average Total Inventories for the quarter that ended in Jun. 2023 was €6.00 Mil. Movella Holdings's Inventory Turnover for the quarter that ended in Jun. 2023 was 0.60.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Movella Holdings's Days Inventory for the three months ended in Jun. 2023 was 151.47.

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. Movella Holdings's Inventory-to-Revenue for the quarter that ended in Jun. 2023 was 0.78.

Movella Holdings Inventory Turnover Historical Data

The historical data trend for Movella 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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Movella Holdings Inventory Turnover Chart

Movella Holdings Annual Data
Trend Dec20 Dec21 Dec22
Inventory Turnover
4.60 -5.70 -4.07

Movella Holdings Quarterly Data
Dec20 Jun21 Dec21 Mar22 Jun22 Dec22 Mar23 Jun23
Inventory Turnover Get a 7-Day Free Trial 1.06 0.66 1.09 0.61 0.60

Movella Holdings Inventory Turnover Calculation

Movella 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 )
=-18.098 / ((4.013 + 4.875) / 2 )
=-18.098 / 4.444
=-4.07

Movella 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: Mar. 2023 ) + Total Inventories (Q: Jun. 2023 )) / count )
=3.613 / ((6.136 + 5.859) / 2 )
=3.613 / 5.9975
=0.60

* 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.

Movella Holdings  (FRA:Z5K) 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.

Movella Holdings's Days Inventory for the three 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
=5.9975/3.613*365 / 4
=151.47

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.

Movella 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 )
=5.9975 / 7.715
=0.78

* 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

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.

Movella Holdings Inventory Turnover Related Terms

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Movella Holdings (FRA:Z5K) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Software » Movella Holdings Inc (FRA:Z5K) » Definitions » Inventory Turnover
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Traded in Other Exchanges
MVLA:USA
Address
3535 Executive Terminal Drive, Suite 110, Henderson, NV, USA, 89052
Website
https://www.movella.com
Movella Holdings Inc is a full-stack provider of sensors, software, and analytics that enable the digitization of movement. It serves the entertainment, health & sports, and automation & mobility markets.

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