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MultiMetaVerse Holdings (MultiMetaVerse Holdings) Inventory Turnover : 3.17 (As of Dec. 2023)


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What is MultiMetaVerse Holdings 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. MultiMetaVerse Holdings's Cost of Goods Sold for the six months ended in Dec. 2023 was $1.78 Mil. MultiMetaVerse Holdings's Average Total Inventories for the quarter that ended in Dec. 2023 was $0.56 Mil. MultiMetaVerse Holdings's Inventory Turnover for the quarter that ended in Dec. 2023 was 3.17.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. MultiMetaVerse Holdings's Days Inventory for the six months ended in Dec. 2023 was 57.58.

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. MultiMetaVerse Holdings's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.16.

MultiMetaVerse Holdings Inventory Turnover Historical Data

The historical data trend for MultiMetaVerse Holdings'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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MultiMetaVerse Holdings Inventory Turnover Chart

MultiMetaVerse Holdings Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Inventory Turnover
26.28 16.79 7.75 7.48

MultiMetaVerse Holdings Semi-Annual Data
Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Inventory Turnover Get a 7-Day Free Trial - 5.43 2.61 4.31 3.17

MultiMetaVerse Holdings Inventory Turnover Calculation

MultiMetaVerse Holdings'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 )
=4.902 / ((0.82 + 0.49) / 2 )
=4.902 / 0.655
=7.48

MultiMetaVerse Holdings's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

Inventory Turnover (Q: Dec. 2023 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (Q: Dec. 2023 ) / ((Total Inventories (Q: Jun. 2023 ) + Total Inventories (Q: Dec. 2023 )) / count )
=1.775 / ((0.63 + 0.49) / 2 )
=1.775 / 0.56
=3.17

* 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.

MultiMetaVerse Holdings  (NAS:MMV) 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.

MultiMetaVerse Holdings's Days Inventory for the six months ended in Dec. 2023 is calculated as:

Days Inventory =Average Total Inventories (Q: Dec. 2023 )/Cost of Goods Sold (Q: Dec. 2023 )*Days in Period
=0.56/1.775*365 / 2
=57.58

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.

MultiMetaVerse Holdings's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Dec. 2023 ) / Revenue (Q: Dec. 2023 )
=0.56 / 3.497
=0.16

* 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.

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.

MultiMetaVerse Holdings Inventory Turnover Related Terms

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MultiMetaVerse Holdings (MultiMetaVerse Holdings) Business Description

Industry
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Traded in Other Exchanges
N/A
Address
No. 718, Lingshi Road, Building D3, Jingan District, Shanghai, CHN, 200072
Website
MultiMetaVerse Holdings Ltd is an animation and entertainment company. It is devoted to establishing an open community for its global users comprised of animation viewers, game players, and content creators and to providing high-quality and immersive entertainment experiences by way of original content, user-generated content, and professional user-generated content.