Newborn Town (HKSE:09911) Inventory Turnover : 47.56 (As of Dec. 2023)

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What is Newborn Town 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. Newborn Town's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$1,004 Mil. Newborn Town's Average Total Inventories for the quarter that ended in Dec. 2023 was HK$21 Mil. Newborn Town's Inventory Turnover for the quarter that ended in Dec. 2023 was 47.56.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Newborn Town's Days Inventory for the six months ended in Dec. 2023 was 3.84.

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. Newborn Town's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.01.

Newborn Town Inventory Turnover Historical Data

The historical data trend for Newborn Town'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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Newborn Town Inventory Turnover Chart

Newborn Town Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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82.16

Newborn Town Semi-Annual Data
	Dec16	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Inventory Turnover	Get a 7-Day Free Trial									-	-	-	-	47.56

Newborn Town Inventory Turnover Calculation

Newborn Town'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 )
=	1734.423	/ (	(0	+	21.111)	/	1 )
=	1734.423	/	21.111
=	82.16

Newborn Town'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 )
=	1004.135	/ (	(0	+	21.111)	/	1 )
=	1004.135	/	21.111
=	47.56

Newborn Town (HKSE:09911) 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.

Newborn Town'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
	=	21.111	/	1004.135	*	365 / 2
	=	3.84

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.

Newborn Town'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 )
	=	21.111	/	2114.538
	=	0.01

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.

Newborn Town Inventory Turnover Related Terms

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Newborn Town (HKSE:09911) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Newborn Town Inc (HKSE:09911) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

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Address

Xiaoyun Road 33rd Building, 6th Floor, Tower B, Chaoyang District, Beijing, CHN

Website

https://www.newborntown.com

Newborn Town Inc is a mobile app developer and mobile advertising platform services provider based on AI technologies. The company operates through two segments namely, Social networking business and Innovative business. It generates majority revenue from Social networking business segment.

Executives

Li Ping
Liu Chunhe	2201 Interest of corporation controlled by you
Parallel World Limited
Spriver Tech Limited	2101 Beneficial owner
Bgfg Limited
Du Li	2201 Interest of corporation controlled by you
Phoenix Auspicious Fintech Investment L.p.
Phoenix Wealth (cayman) Asset Management Limited
Phoenix Wealth (hong Kong) Asset Management Limited

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