Onfolio Holdings (Onfolio Holdings) Inventory Turnover : 6.27 (As of Mar. 2024)

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What is Onfolio 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. Onfolio Holdings's Cost of Goods Sold for the three months ended in Mar. 2024 was $0.58 Mil. Onfolio Holdings's Average Total Inventories for the quarter that ended in Mar. 2024 was $0.09 Mil. Onfolio Holdings's Inventory Turnover for the quarter that ended in Mar. 2024 was 6.27.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Onfolio Holdings's Days Inventory for the three months ended in Mar. 2024 was 14.56.

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. Onfolio Holdings's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.06.

Onfolio Holdings Inventory Turnover Historical Data

The historical data trend for Onfolio 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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Onfolio Holdings Inventory Turnover Chart

Onfolio Holdings Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

3.40

15.57

10.07

20.17

Onfolio Holdings Quarterly Data
	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial									6.25	4.75	4.01	4.14	6.27

Onfolio Holdings Inventory Turnover Calculation

Onfolio Holdings'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 )
=	1.997	/ (	(0.105	+	0.093)	/	2 )
=	1.997	/	0.099
=	20.17

Onfolio Holdings's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

	Inventory Turnover (Q: Mar. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2024 )	/ (	(Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )
=	0.583	/ (	(0.093	+	0.093)	/	2 )
=	0.583	/	0.093
=	6.27

Onfolio Holdings (NAS:ONFO) 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.

Onfolio Holdings's Days Inventory for the three months ended in Mar. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2024 )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
	=	0.093	/	0.583	*	365 / 4
	=	14.56

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.

Onfolio Holdings's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	0.093	/	1.587
	=	0.06

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.

Onfolio Holdings Inventory Turnover Related Terms

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Onfolio Holdings (Onfolio Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Onfolio Holdings Inc (NAS:ONFO) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

1007 North Orange Street, 4th Floor, Wilmington, DE, USA, 19801

Website

https://www.onfolio.com

Onfolio Holdings Inc acquires and manages a diversified portfolio of online businesses across a broad range of verticals, each with a niche content focus and brand identity. The company operates in the following verticals: Pets, Arts and Crafts, B2B SEO Services, Molecular Hydrogen Supplements, Computers, Graphic Design, and People Search.

Executives

Yury Byalik	officer: Head of Strategy & Acquisition	2400 S OCEAN DRIVE #728, FORT PIERCE FL 34949
Braake Robertus Te	officer: Interim CFO	RUA ANTONIO DA SILVA 127 6FRT, CASCAIS S1 2750-101
Robert J Lipstein	director	1661 WORTHINGTON ROAD, SUITE 100, WEST PALM BEACH FL 33409
Mark N Schwartz	director
Wells Dominic Benjamin James	director, 10 percent owner, officer: CEO, CRO, Chair of Board	10F NO 136, LANE 162, JINGYESAN ROAD, ZHONGSHAN DISTRICT, TAIPEI CITY F5 104
Van Heerden Esbe Louise	officer: President	12A BENTLEY STREET, CHRISTCHURCH Q2 8042
Adam Michael Trainor	officer: Chief Operations Officer	1420 RENAISSANCE DRIVE, APT P104, LONGMONT CO 80503
David Christopher Mckeegan	director	2885 SANFORD AVE SW, SW14713, GRANDVILLE MI 49418
Andrew John Lawrence	director	329 S OYSTER BAY RD. #514, PLAINVIEW NY 11803
Hawkins Jack Wayne Iii	officer: Chief Financial Officer	613 NEW NORWALK ROAD, NEW CANAAN CT 06840