TIPS (Tianrong Internet Products And Services) Inventory Turnover : 0.00 (As of Sep. 2023)

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What is Tianrong Internet Products And Services 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. Tianrong Internet Products And Services's Cost of Goods Sold for the six months ended in Sep. 2023 was $0.00 Mil. Tianrong Internet Products And Services's Average Total Inventories for the quarter that ended in Sep. 2023 was $0.00 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

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.

Tianrong Internet Products And Services Inventory Turnover Historical Data

The historical data trend for Tianrong Internet Products And Services'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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Tianrong Internet Products And Services Inventory Turnover Chart

Tianrong Internet Products And Services Annual Data

Trend

Inventory Turnover

Tianrong Internet Products And Services Semi-Annual Data
	Sep22	Sep23
Inventory Turnover	-	-

Tianrong Internet Products And Services Inventory Turnover Calculation

Tianrong Internet Products And Services's Inventory Turnover for the fiscal year that ended in . 20 is calculated as

	Inventory Turnover (A: . 20 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: . 20 )	/ (	(Total Inventories (A: . 20 )	+	Total Inventories (A: . 20 ))	/	count )
=		/ (	(	+	)	/	1 )
=		/	0
=	N/A

Tianrong Internet Products And Services's Inventory Turnover for the quarter that ended in Sep. 2023 is calculated as

	Inventory Turnover (Q: Sep. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Sep. 2023 )	/ (	(Total Inventories (Q: Sep. 2022 )	+	Total Inventories (Q: Sep. 2023 ))	/	count )
=	0	/ (	(0	+	0)	/	1 )
=	0	/	0
=	N/A

Tianrong Internet Products And Services (OTCPK:TIPS) 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.

Tianrong Internet Products And Services's Days Inventory for the six months ended in Sep. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2023 )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
	=	0	/	0	*	365 / 2
	=

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.

Tianrong Internet Products And Services's Inventory to Revenue for the quarter that ended in Sep. 2023 is calculated as

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

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.

Tianrong Internet Products And Services Inventory Turnover Related Terms

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Tianrong Internet Products And Services Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Tianrong Internet Products And Services Inc (OTCPK:TIPS) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

2374 Route 390, P.O. Box 609, Mountainhome, PA, USA, 18342

Website

Tianrong Internet Products And Services Inc is a United States-based holding company whose strategy is the acquisition and management of assets in the heavy equipment industry.

Tianrong Internet Products And Services Headlines

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