TNMD (Tianrong Medical Group) Inventory Turnover : 0.00 (As of . 20)

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What is Tianrong Medical Group 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 Medical Group's Cost of Goods Sold for the six months ended in . 20 was $0.00 Mil. Tianrong Medical Group's Average Total Inventories for the quarter that ended in . 20 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 Medical Group Inventory Turnover Historical Data

The historical data trend for Tianrong Medical Group'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 Medical Group Inventory Turnover Chart

Tianrong Medical Group Annual Data

Trend

Inventory Turnover

Tianrong Medical Group Semi-Annual Data

Inventory Turnover

Tianrong Medical Group Inventory Turnover Calculation

Tianrong Medical Group'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 Medical Group's Inventory Turnover for the quarter that ended in . 20 is calculated as

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

Tianrong Medical Group (OTCPK:TNMD) 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 Medical Group's Days Inventory for the six months ended in . 20 is calculated as:

Days Inventory	=	Average Total Inventories (Q: . 20 )	/	Cost of Goods Sold (Q: . 20 )	*	Days in Period
	=	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 Medical Group's Inventory to Revenue for the quarter that ended in . 20 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: . 20 )	/	Revenue (Q: . 20 )
	=	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 Medical Group Inventory Turnover Related Terms

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Tianrong Medical Group Business Description

Industry

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Traded in Other Exchanges

N/A

Address

Fuqing Road, Second P Kai Long Fortune Building, 2 Chenghua District, Chengdu, CHN

Website

https://www.huanmedia.com

Tianrong Medical Group Inc is engaged in providing technological solutions to the transportation industry through both acquisition and development. It provides free Wi-Fi services and entertainment platforms to several railway lines and in hundreds of railway stations and trains across China.

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