Mei Ah Entertainment Group (HKSE:00391) Inventory Turnover : 90.23 (As of Sep. 2023)

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What is Mei Ah Entertainment Group 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. Mei Ah Entertainment Group's Cost of Goods Sold for the six months ended in Sep. 2023 was HK$20.2 Mil. Mei Ah Entertainment Group's Average Total Inventories for the quarter that ended in Sep. 2023 was HK$0.2 Mil. Mei Ah Entertainment Group's Inventory Turnover for the quarter that ended in Sep. 2023 was 90.23.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Mei Ah Entertainment Group's Days Inventory for the six months ended in Sep. 2023 was 2.02.

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. Mei Ah Entertainment Group's Inventory-to-Revenue for the quarter that ended in Sep. 2023 was 0.00.

Mei Ah Entertainment Group Inventory Turnover Historical Data

The historical data trend for Mei Ah Entertainment Group'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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Mei Ah Entertainment Group Inventory Turnover Chart

Mei Ah Entertainment Group Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Inventory Turnover

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330.56

228.13

376.14

170.52

213.57

Mei Ah Entertainment Group Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Inventory Turnover	Get a 7-Day Free Trial															63.60	69.67	26.56	202.99	90.23

Mei Ah Entertainment Group Inventory Turnover Calculation

Mei Ah Entertainment Group's Inventory Turnover for the fiscal year that ended in Mar. 2023 is calculated as

	Inventory Turnover (A: Mar. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Mar. 2023 )	/ (	(Total Inventories (A: Mar. 2022 )	+	Total Inventories (A: Mar. 2023 ))	/	count )
=	59.266	/ (	(0.331	+	0.224)	/	2 )
=	59.266	/	0.2775
=	213.57

Mei Ah Entertainment Group's Inventory Turnover for the quarter that ended in Sep. 2023 is calculated as

	Inventory Turnover (Q: Sep. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Sep. 2023 )	/ (	(Total Inventories (Q: Mar. 2023 )	+	Total Inventories (Q: Sep. 2023 ))	/	count )
=	20.211	/ (	(0.224	+	0.224)	/	2 )
=	20.211	/	0.224
=	90.23

Mei Ah Entertainment Group (HKSE:00391) 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.

Mei Ah Entertainment Group's Days Inventory for the six months ended in Sep. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2023 )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
	=	0.224	/	20.211	*	365 / 2
	=	2.02

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.

Mei Ah Entertainment Group's Inventory to Revenue for the quarter that ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2023 )	/	Revenue (Q: Sep. 2023 )
	=	0.224	/	61.619
	=	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.

Mei Ah Entertainment Group Inventory Turnover Related Terms

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Mei Ah Entertainment Group (HKSE:00391) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Mei Ah Entertainment Group Ltd (HKSE:00391) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

28 Chun Choi Street, 5th Floor, Mei Ah Centre, Kowloon, Tseung Kwan O Industrial Estate, Hong Kong, HKG

Website

https://www.meiah.com

Mei Ah Entertainment Group Ltd is an investment holding company. The company's operating segment includes Channel operations; Film exhibition and film rights licensing and sub-licensing; Cinema operations; Concert performance and events organization; Applications and video online; Property investment and Others. The company generates maximum revenue from the Channel operations segment.

Executives

Li Kuo Hsing	2101 Beneficial owner
Li Guo Lin	2201 Interest of corporation controlled by you

Mei Ah Entertainment Group (HKSE:00391) Headlines

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