37 Interactive Entertainment Network Technology Group Co (SZSE:002555) Inventory Turnover : 0.00 (As of Dec. 2023)

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What is 37 Interactive Entertainment Network Technology Group 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. 37 Interactive Entertainment Network Technology Group Co's Cost of Goods Sold for the three months ended in Dec. 2023 was ¥887 Mil. 37 Interactive Entertainment Network Technology Group Co's Average Total Inventories for the quarter that ended in Dec. 2023 was ¥0 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. 37 Interactive Entertainment Network Technology Group Co's Days Inventory for the three months ended in Dec. 2023 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. 37 Interactive Entertainment Network Technology Group Co's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.00.

37 Interactive Entertainment Network Technology Group Co Inventory Turnover Historical Data

The historical data trend for 37 Interactive Entertainment Network Technology Group 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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37 Interactive Entertainment Network Technology Group Co Inventory Turnover Chart

37 Interactive Entertainment Network Technology Group Co Annual Data

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Inventory Turnover

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37 Interactive Entertainment Network Technology Group Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															-	-	-	-	-

37 Interactive Entertainment Network Technology Group Co Inventory Turnover Calculation

37 Interactive Entertainment Network Technology Group 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 )
=	3391.581	/ (	(0	+	0)	/	1 )
=	3391.581	/	0
=	N/A

37 Interactive Entertainment Network Technology Group Co's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

	Inventory Turnover (Q: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2023 )	/ (	(Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	887.058	/ (	(0	+	0)	/	1 )
=	887.058	/	0
=	N/A

37 Interactive Entertainment Network Technology Group Co (SZSE:002555) 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.

37 Interactive Entertainment Network Technology Group Co's Days Inventory for the three months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	0	/	887.058	*	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.

37 Interactive Entertainment Network Technology Group Co's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	0	/	4503.909
	=	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.

37 Interactive Entertainment Network Technology Group Co Inventory Turnover Related Terms

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37 Interactive Entertainment Network Technology Group Co (SZSE:002555) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » 37 Interactive Entertainment Network Technology Group Co Ltd (SZSE:002555) » Definitions » Inventory Turnover

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Address

Middle Beijing Road, 11th Floor, Creative Advertising Complex, Wuhu Advertising Industrial Park, Anhui Province, Wuhu, CHN, 241000

Website

http://www.37entertainment.net

37 Interactive Entertainment Network Technology Group Co Ltd is involved in interactive entertainment business mainly focuses on the research, development, publishing, and operation of mobile games and browser games, while arranging pan-entertainment business including film and TV, animation, music. The company steadily promoted the development strategy of platformization, globalization, and pan-entertainment for interactive entertainment business based on IP.

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