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

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NXTP NextPlay Technologies Inc NXTP
14 GF Score
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What is NextPlay Technologies Inventory Turnover?

NextPlay Technologies NXTP 14 Inventory Turnover is 0.00 as of Nov. 2022. GuruFocus rates NXTP with a GF Score™ of 14/100.

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  (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

* 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.


NextPlay Technologies Inventory Turnover Related Terms


NextPlay Technologies Inventory Turnover Historical Data

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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.

NextPlay Technologies Inventory Turnover Chart

NextPlay Technologies Annual Data
Trend Feb21 Feb22
Inventory Turnover
0.00 3.39

NextPlay Technologies Quarterly Data
Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22
Inventory Turnover Get a 7-Day Free Trial 0.00 2.96 0.15 0.00 0.00
NXTP
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NextPlay Technologies Inc NXTP
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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

* 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.

Frequently Asked Questions Learn more about Inventory Turnover →
What does a Inventory Turnover of 0.00 mean?
NextPlay Technologies (NXTP) has a Inventory Turnover of 0.00 as of Nov. 2022. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on NextPlay Technologies and its competitors.
Is NextPlay Technologies' Inventory Turnover too high?
NextPlay Technologies' current Inventory Turnover is 0.00. Overall, NextPlay Technologies has a GF Score™ of 14/100, reflecting its overall financial health beyond just this single metric.
How does NextPlay Technologies' Inventory Turnover compare to TAOP and CETX?
NextPlay Technologies' Inventory Turnover of 0.00 can be compared against companies in the Software industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Inventory Turnover for a Software company?
A good Inventory Turnover depends on the Software industry context. However, Inventory Turnover should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Inventory Turnover mean?
A high Inventory Turnover can signal that a stock is expensive relative to its fundamentals. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on NextPlay Technologies and its competitors. NextPlay Technologies's current Inventory Turnover is 0.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is NextPlay Technologies stock overvalued right now?
NextPlay Technologies (NXTP) has a current Inventory Turnover of 0.00. The current Inventory Turnover is 0.00. NextPlay Technologies' overall GF Score™ is 14/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Inventory Turnover calculated?
Inventory Turnover is calculated from a company's financial statements. For NextPlay Technologies (NXTP), the current Inventory Turnover is 0.00 as of Nov. 2022. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

NextPlay Technologies Business Description

Address 1560 Sawgrass Corporate Parkway, Suite 130, Sunrise, FL, USA, 33323
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.
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Inventory Turnover is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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