Gamania Digital Entertainment Co (ROCO:6180) Inventory Turnover : 18.39 (As of Mar. 2024)

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What is Gamania Digital Entertainment Co 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. Gamania Digital Entertainment Co's Cost of Goods Sold for the three months ended in Mar. 2024 was NT$1,898 Mil. Gamania Digital Entertainment Co's Average Total Inventories for the quarter that ended in Mar. 2024 was NT$103 Mil. Gamania Digital Entertainment Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 18.39.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Gamania Digital Entertainment Co's Days Inventory for the three months ended in Mar. 2024 was 4.96.

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. Gamania Digital Entertainment Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.03.

Gamania Digital Entertainment Co Inventory Turnover Historical Data

The historical data trend for Gamania Digital Entertainment Co'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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Gamania Digital Entertainment Co Inventory Turnover Chart

Gamania Digital Entertainment Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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51.33

53.43

53.25

51.87

50.40

Gamania Digital Entertainment Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial															13.54	11.13	14.68	12.07	18.39

Gamania Digital Entertainment Co Inventory Turnover Calculation

Gamania Digital Entertainment Co'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 )
=	5996.06	/ (	(128.927	+	108.991)	/	2 )
=	5996.06	/	118.959
=	50.40

Gamania Digital Entertainment Co'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 )
=	1897.704	/ (	(108.991	+	97.401)	/	2 )
=	1897.704	/	103.196
=	18.39

Gamania Digital Entertainment Co (ROCO:6180) 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.

Gamania Digital Entertainment Co'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
	=	103.196	/	1897.704	*	365 / 4
	=	4.96

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.

Gamania Digital Entertainment Co'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 )
	=	103.196	/	3332.223
	=	0.03

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.

Gamania Digital Entertainment Co Inventory Turnover Related Terms

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Gamania Digital Entertainment Co (ROCO:6180) Business Description

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GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Gamania Digital Entertainment Co Ltd (ROCO:6180) » Definitions » Inventory Turnover

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Address

No.111, Ruihu Street, Neihu District, Taipei, TWN, 11494

Website

https://www.gamania.com

Gamania Digital Entertainment Co Ltd is engaged in developing software for online games, multi-platform digital content, animation, and all forms of digital entertainment. The company's digital entertainment platform beanfun offers a great variety of game genres. The majority of the revenue is generated from online and mobile games. The company operates in Taiwan, Asia, and other countries, out of which Taiwan accounts for the majority of the revenue.

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