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. PhoneX Holdings's Cost of Goods Sold for the
three
months ended in Dec. 2018 was $16.31 Mil. PhoneX Holdings's Average Total Inventories for the quarter that ended in Dec. 2018 was $3.15 Mil.
PhoneX Holdings's Inventory Turnover for the quarter that ended in Dec. 2018 was 5.17.
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
PhoneX Holdings's Days Inventory for the
three
months ended in Dec. 2018 was 17.64.
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.
PhoneX Holdings's Inventory-to-Revenue for the quarter that ended in Dec. 2018 was 0.18.
PhoneX Holdings Inventory Turnover Historical Data
The historical data trend for PhoneX 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.
* 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.
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.
PhoneX Holdings's Days Inventory for the
three
months ended in Dec. 2018 is calculated as:
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.
PhoneX Holdings's Inventory to Revenue for the quarter that ended in Dec. 2018 is calculated as
* 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.
PhoneX Holdings Inventory Turnover Related Terms
Thank you for viewing the detailed overview of PhoneX Holdings's Inventory Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.
PhoneX Holdings (PhoneX Holdings) Business Description
PhoneX Holdings Inc is a technology-based company engaged in creating an online marketplace for used smartphones. It operates through an e-commerce website-based service and a wholly-owned subsidiary. The web portal includes saleable items such as iPhones, iPods, tablets and other electronic devices. It derives revenue either by taking possession of devices and selling these devices for a premium or by facilitating transactions between buyers and sellers and collecting a commission.
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