WiMi Hologram Cloud (WiMi Hologram Cloud) Inventory-to-Revenue : 0.01 (As of Jun. 2023)

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What is WiMi Hologram Cloud Inventory-to-Revenue?

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. WiMi Hologram Cloud's Average Total Inventories for the quarter that ended in Jun. 2023 was $0.28 Mil. WiMi Hologram Cloud's Revenue for the six months ended in Jun. 2023 was $36.97 Mil. WiMi Hologram Cloud's Inventory-to-Revenue for the quarter that ended in Jun. 2023 was 0.01.

WiMi Hologram Cloud's Inventory-to-Revenue for the quarter that ended in Jun. 2023 declined from Dec. 2022 (0.01) to Dec. 2022 (0.01)

A decrease in the Inventory-to-Revenue from one quarter to next indicates that one of these is occurring:

1. investment in inventory is shrinking in relation to revenue
2. revenue are increasing
No matter which situation is causing the reduction in the Inventory-to-Revenue, either one suggests that business's inventory levels and its cash flow are effectively managed.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. WiMi Hologram Cloud's Days Inventory for the six months ended in Jun. 2023 was 1.97.

Inventory Turnover measures how fast the company turns over its inventory within a year. WiMi Hologram Cloud's Inventory Turnover for the quarter that ended in Jun. 2023 was 92.64.

WiMi Hologram Cloud Inventory-to-Revenue Historical Data

The historical data trend for WiMi Hologram Cloud's Inventory-to-Revenue 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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WiMi Hologram Cloud Inventory-to-Revenue Chart

WiMi Hologram Cloud Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Inventory-to-Revenue

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0.01

WiMi Hologram Cloud Semi-Annual Data
	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Inventory-to-Revenue	Get a 7-Day Free Trial							0.01	0.02	0.01	0.01	0.01

Competitive Comparison of WiMi Hologram Cloud's Inventory-to-Revenue

For the Advertising Agencies subindustry, WiMi Hologram Cloud's Inventory-to-Revenue, along with its competitors' market caps and Inventory-to-Revenue data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

WiMi Hologram Cloud's Inventory-to-Revenue Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, WiMi Hologram Cloud's Inventory-to-Revenue distribution charts can be found below:

* The bar in red indicates where WiMi Hologram Cloud's Inventory-to-Revenue falls into.

WiMi Hologram Cloud Inventory-to-Revenue Calculation

WiMi Hologram Cloud's Inventory-to-Revenue for the fiscal year that ended in Dec. 2022 is calculated as

	Inventory-to-Revenue (A: Dec. 2022 )
=	Average Total Inventories					/	Revenue
=	( (Total Inventories (A: Dec. 2021 )	+	Total Inventories (A: Dec. 2022 ))	/	count )	/	Revenue (A: Dec. 2022 )
=	( (1.074	+	0.345)	/	2 )	/	97.866
=	0.7095					/	97.866
=	0.01

WiMi Hologram Cloud's Inventory-to-Revenue for the quarter that ended in Jun. 2023 is calculated as

	Inventory-to-Revenue (Q: Jun. 2023 )
=	Average Total Inventories					/	Revenue
=	( (Total Inventories (Q: Dec. 2022 )	+	Total Inventories (Q: Jun. 2023 ))	/	count )	/	Revenue (Q: Jun. 2023 )
=	( (0.345	+	0.209)	/	2 )	/	36.97
=	0.277					/	36.97
=	0.01

WiMi Hologram Cloud (NAS:WIMI) Inventory-to-Revenue Explanation

An increase in Inventory-to-Revenue from one quarter to the next indicates that one of the following is happening:

1. investment in inventory is growing more rapidly than revenue
2. revenue are dropping
No matter which situation is causing the problem, an increase in the Inventory-to-Revenue may signal an oncoming cash flow problem.

Likewise, a decrease in the Inventory-to-Revenue from one quarter to next indicates that one of these is occurring:

More Related Terms:

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

WiMi Hologram Cloud's Days Inventory for the six months ended in Jun. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jun. 2023 )	/	Cost of Goods Sold (Q: Jun. 2023 )	*	Days in Period
	=	0.277	/	25.662	*	365 / 2
	=	1.97

2. Inventory Turnover measures how fast the company turns over its inventory within a year.

WiMi Hologram Cloud's Inventory Turnover for the quarter that ended in Jun. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Jun. 2023 )	/	Average Total Inventories (Q: Jun. 2023 )
	=	25.662	/	0.277
	=	92.64

WiMi Hologram Cloud Inventory-to-Revenue Related Terms

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WiMi Hologram Cloud (WiMi Hologram Cloud) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » WiMi Hologram Cloud Inc (NAS:WIMI) » Definitions » Inventory-to-Revenue

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0BF1:Germany

Address

1st West Dawang Road, Room No.2002, Building A, Wentley Center, Chaoyang, Beijing, CHN, 100020

Website

http://ir.wimiar.com

WiMi Hologram Cloud Inc and its subsidiaries offer augmented reality (AR) based holographic services and products to cater to its customers. Its AR service and product offerings primarily consist of holographic AR advertising services and holographic AR entertainment products. It is also into the semiconductor business, in which the company provides central processing algorithm services and computer chip products to enterprise customers and the sales of comprehensive solutions for central processing algorithms and related services with software and hardware integration. The company reports in three segments: AR advertising, AR entertainment, and Semiconductor. Its geographical segments are Mainland China, Hong Kong, and International.