NextPlay Technologies (NextPlay Technologies) Inventory Turnover : 0.00 (As of Nov. 2022)

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What is NextPlay Technologies 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. NextPlay Technologies's Cost of Goods Sold for the three months ended in Nov. 2022 was $0.45 Mil. NextPlay Technologies's Average Total Inventories for the quarter that ended in Nov. 2022 was $0.00 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. NextPlay Technologies's Days Inventory for the three months ended in Nov. 2022 was 0.00.

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. NextPlay Technologies's Inventory-to-Revenue for the quarter that ended in Nov. 2022 was 0.00.

NextPlay Technologies Inventory Turnover Historical Data

The historical data trend for NextPlay Technologies'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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NextPlay Technologies Inventory Turnover Chart

NextPlay Technologies Annual Data

Trend

Feb21

Feb22

Inventory Turnover

3.39

NextPlay Technologies Quarterly Data
	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22
Inventory Turnover	Get a 7-Day Free Trial			-	2.96	0.15	-	-

NextPlay Technologies Inventory Turnover Calculation

NextPlay Technologies's Inventory Turnover for the fiscal year that ended in Feb. 2022 is calculated as

	Inventory Turnover (A: Feb. 2022 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Feb. 2022 )	/ (	(Total Inventories (A: Feb. 2021 )	+	Total Inventories (A: Feb. 2022 ))	/	count )
=	2.346	/ (	(0	+	0.692)	/	1 )
=	2.346	/	0.692
=	3.39

NextPlay Technologies's Inventory Turnover for the quarter that ended in Nov. 2022 is calculated as

	Inventory Turnover (Q: Nov. 2022 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Nov. 2022 )	/ (	(Total Inventories (Q: Aug. 2022 )	+	Total Inventories (Q: Nov. 2022 ))	/	count )
=	0.447	/ (	(0	+	0)	/	1 )
=	0.447	/	0
=	N/A

NextPlay Technologies (OTCPK:NXTP) 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.

NextPlay Technologies's Days Inventory for the three months ended in Nov. 2022 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Nov. 2022 )	/	Cost of Goods Sold (Q: Nov. 2022 )	*	Days in Period
	=	0	/	0.447	*	365 / 4
	=	0.00

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.

NextPlay Technologies's Inventory to Revenue for the quarter that ended in Nov. 2022 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Nov. 2022 )	/	Revenue (Q: Nov. 2022 )
	=	0	/	0.629
	=	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.

NextPlay Technologies Inventory Turnover Related Terms

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NextPlay Technologies (NextPlay Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » NextPlay Technologies Inc (OTCPK:NXTP) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

1560 Sawgrass Corporate Parkway, Suite 130, Sunrise, FL, USA, 33323

Website

https://www.nextplaytechnologies.com

NextPlay Technologies Inc is building a technology solutions company, offering games, in-game advertising, digital asset products and services, connected TV and travel booking services to consumers and corporations within a growing digital ecosystem. Its engaging products and services utilize advertising technology, Artificial Intelligence, and financial technology (FinTech) solutions to leverage the strengths and channels of its existing and acquired technologies. NextPlay is organized into 3 divisions NextMedia, its Interactive Digital Media Division (the Media Division); NextFinTech, its Finance and Technology (FinTech) Division; and NextTrip, its Travel Division.

Executives

Timothy James Sikora	officer: Chief Information Officer	133 N POMPANO BEACH BLVD, #1401, POMPANO BEACH FL 33062
Nutthaphol Rungsakhon	officer: Interim CFO	1560 SAWGRASS CORPORATE PARKWAY, 4TH FLOOR, SUNRISE FL 33323
Red Anchor Trading Corp.	10 percent owner	MORGAN & MORGAN BUILDING, PASEA ESTATE, PO BOX 958, ROAD TOWN, TORTOLA D8 00000
Nextplay Holdings Llc	other: Group	1013 CENTRE STREET, SUITE 403-B 87-1942169, WILMINGTON DE 19805
Nithinan Boonyawattanapisut	director, 10 percent owner, officer: Co-CEO	999/194 MOOBAAN KESINEE VILLE, PRACHA UTIT ROAD, BANGKOK W1 10310
John Todd Bonner	director	999/194 MOOBAAN KESINEE VILLE, PRACHA UTIT ROAD, BANGKOK W1 10310
Found Side Ltd	other: Group	PGCS LTD., 2ND FLOOR, THE QUADRANT, MANGLIER STREET, VICTORIA, MAHE T2 00000
Cern One Ltd	other: Group	MORGAN & MORGAN BUILDING, PASEA ESTATE, PO BOX 958, ROAD TOWN, TORTOLA D8 00000
Gardner Edward Terrence Jr.	director	1560 SAWGRASS CORPORATE PARKWAY, SUITE 130, SUNRISE FL 33323
Farooq Moosa	director	1560 SAWGRASS CORPORATE PARKWAY, SUITE 130, SUNRISE FL 33323
Yoshihiro Obata	director	4-9-34-303 MINAMIAZABU, MINATO-KU, TOKYOI M0 106-0047
Carmen L Diges	director	150 KING ST. WEST, SUITE 2800, TORONTO A6 M5H 1J9
Thanin Pornsiritivet	other: Part of 10% owner group	5/150 WATCHARAPHON ROAD, THA RENG SUBDISTRICT, BANG KHEN DISTRICT, BANGKOK W1 10220
Andrew James Greaves	officer: Chief Operating Officer	HALLFARM, WINGERWORTH, CHESTERFIELD X0 S42 6PL
Stacey Donna Riddell	director	3210 S OCEAN BLVD., APT 602, HIGHLAND BEACH FL 33487