TGS Esports (TGS Esports) Inventory Turnover : 18.00 (As of Mar. 2022)

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What is TGS Esports 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. TGS Esports's Cost of Goods Sold for the three months ended in Mar. 2022 was $0.18 Mil. TGS Esports's Average Total Inventories for the quarter that ended in Mar. 2022 was $0.01 Mil. TGS Esports's Inventory Turnover for the quarter that ended in Mar. 2022 was 18.00.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. TGS Esports's Days Inventory for the three months ended in Mar. 2022 was 5.07.

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. TGS Esports's Inventory-to-Revenue for the quarter that ended in Mar. 2022 was 0.05.

TGS Esports Inventory Turnover Historical Data

The historical data trend for TGS Esports'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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TGS Esports Inventory Turnover Chart

TGS Esports Annual Data

Trend

Jun20

Jun21

Inventory Turnover

24.00

8.86

TGS Esports Quarterly Data
	Jun19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22
Inventory Turnover	Get a 7-Day Free Trial				1.30	3.71	6.67	11.10	18.00

TGS Esports Inventory Turnover Calculation

TGS Esports's Inventory Turnover for the fiscal year that ended in Jun. 2021 is calculated as

	Inventory Turnover (A: Jun. 2021 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Jun. 2021 )	/ (	(Total Inventories (A: Jun. 2020 )	+	Total Inventories (A: Jun. 2021 ))	/	count )
=	0.093	/ (	(0.01	+	0.011)	/	2 )
=	0.093	/	0.0105
=	8.86

TGS Esports's Inventory Turnover for the quarter that ended in Mar. 2022 is calculated as

	Inventory Turnover (Q: Mar. 2022 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2022 )	/ (	(Total Inventories (Q: Dec. 2021 )	+	Total Inventories (Q: Mar. 2022 ))	/	count )
=	0.18	/ (	(0.01	+	0.01)	/	2 )
=	0.18	/	0.01
=	18.00

TGS Esports (OTCPK:TGSEF) 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.

TGS Esports's Days Inventory for the three months ended in Mar. 2022 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2022 )	/	Cost of Goods Sold (Q: Mar. 2022 )	*	Days in Period
	=	0.01	/	0.18	*	365 / 4
	=	5.07

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.

TGS Esports's Inventory to Revenue for the quarter that ended in Mar. 2022 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2022 )	/	Revenue (Q: Mar. 2022 )
	=	0.01	/	0.21
	=	0.05

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.

TGS Esports Inventory Turnover Related Terms

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TGS Esports (TGS Esports) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » TGS Esports Inc (OTCPK:TGSEF) » Definitions » Inventory Turnover

Comparable Companies

XMAD:MONI MIL:MTF LSE:DCD SGX:40E LSE:MIRA MIL:CDG BOM:540023 XKRX:348840 BOM:503691 LSE:BONH

Traded in Other Exchanges

N/A

Address

4211 No. 3 Road, Richmond, BC, CAN, V6X 2C3

Website

https://www.thegamingstadium.com

TGS Esports Inc is engaged in the business of providing and hosting esports events, tournaments, and leagues at both the amateur and professional levels both online and in person. Also, the company has an esports stadium to play and watch sports.