Umax Group (Umax Group) Inventory Turnover : 0.00 (As of Apr. 2018)

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What is Umax 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. Umax Group's Cost of Goods Sold for the six months ended in Apr. 2018 was $0.00 Mil. Umax Group's Average Total Inventories for the quarter that ended in Apr. 2018 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. Umax Group's Inventory-to-Revenue for the quarter that ended in Apr. 2018 was 0.00.

Umax Group Inventory Turnover Historical Data

The historical data trend for Umax 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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Umax Group Inventory Turnover Chart

Umax Group Annual Data

Trend

Apr12

Apr13

Apr17

Apr18

Inventory Turnover

Umax Group Semi-Annual Data
	Apr12	Apr13	Apr17	Apr18
Inventory Turnover	-	-	-	-

Umax Group Inventory Turnover Calculation

Umax Group's Inventory Turnover for the fiscal year that ended in Apr. 2018 is calculated as

	Inventory Turnover (A: Apr. 2018 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Apr. 2018 )	/ (	(Total Inventories (A: Apr. 2017 )	+	Total Inventories (A: Apr. 2018 ))	/	count )
=	0	/ (	(0	+	0)	/	1 )
=	0	/	0
=	N/A

Umax Group's Inventory Turnover for the quarter that ended in Apr. 2018 is calculated as

	Inventory Turnover (Q: Apr. 2018 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Apr. 2018 )	/ (	(Total Inventories (Q: Apr. 2017 )	+	Total Inventories (Q: Apr. 2018 ))	/	count )
=	0	/ (	(0	+	0)	/	1 )
=	0	/	0
=	N/A

Umax Group (OTCPK:UMAX) 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.

Umax Group's Days Inventory for the six months ended in Apr. 2018 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Apr. 2018 )	/	Cost of Goods Sold (Q: Apr. 2018 )	*	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.

Umax Group's Inventory to Revenue for the quarter that ended in Apr. 2018 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Apr. 2018 )	/	Revenue (Q: Apr. 2018 )
	=	0	/	0.004
	=	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.

Umax Group Inventory Turnover Related Terms

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Umax Group (Umax Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Umax Group Corp (OTCPK:UMAX) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

2020 Bay Street, Los Angeles, CA, USA, 90012

Website

https://www.umaxgrpcorp.com

Umax Group Corp is a media development company which is concentrated on producing its original content with the intent of selling that content to one of the many streaming companies such as Netflix, Hulu, Showtime, Disney plus etc. and having their own streaming platforms on website and YouTube channels.