11 bit studios (WAR:11B) Inventory Turnover : 8.00 (As of Mar. 2024)

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What is 11 bit studios 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. 11 bit studios's Cost of Goods Sold for the three months ended in Mar. 2024 was zł0.20 Mil. 11 bit studios's Average Total Inventories for the quarter that ended in Mar. 2024 was zł0.02 Mil. 11 bit studios's Inventory Turnover for the quarter that ended in Mar. 2024 was 8.00.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. 11 bit studios's Days Inventory for the three months ended in Mar. 2024 was 11.41.

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. 11 bit studios's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.00.

11 bit studios Inventory Turnover Historical Data

The historical data trend for 11 bit studios'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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11 bit studios Inventory Turnover Chart

11 bit studios Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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401.50

11 bit studios Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial															-	-	-	97.00	8.00

11 bit studios Inventory Turnover Calculation

11 bit studios'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 )
=	0.803	/ (	(0	+	0.002)	/	1 )
=	0.803	/	0.002
=	401.50

11 bit studios's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

	Inventory Turnover (Q: Mar. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2024 )	/ (	(Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )
=	0.196	/ (	(0.002	+	0.047)	/	2 )
=	0.196	/	0.0245
=	8.00

11 bit studios (WAR:11B) 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.

11 bit studios's Days Inventory for the three months ended in Mar. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2024 )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
	=	0.0245	/	0.196	*	365 / 4
	=	11.41

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.

11 bit studios's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	0.0245	/	15.326
	=	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.

11 bit studios Inventory Turnover Related Terms

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11 bit studios (WAR:11B) Business Description

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GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » 11 bit studios SA (WAR:11B) » Definitions » Inventory Turnover

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11C:Germany 11C:Germany

Address

Brechta 7, Warszawa, POL, 03-472

Website

http://www.11bitstudios.pl

11 bit studios SA is a manufacturer of multi-platform video games in Poland. It develops games for a wide range of devices including personal computers, and tablet computers.

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