Akso Health Group (Akso Health Group) Change In Inventory : $-0.33 Mil (TTM As of Sep. 2023)

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What is Akso Health Group Change In Inventory?

Akso Health Group's change in inventory for the quarter that ended in Sep. 2023 was $0.46 Mil. It means Akso Health Group's inventory declined by $0.46 Mil from Mar. 2023 to Sep. 2023 .

Akso Health Group's change in inventory for the fiscal year that ended in Mar. 2023 was $6.11 Mil. It means Akso Health Group's inventory declined by $6.11 Mil from Mar. 2022 to Mar. 2023 .

Akso Health Group's Total Inventories for the quarter that ended in Sep. 2023 was $1.23 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Akso Health Group's Days Inventory for the quarter that ended in Sep. 2023 was 310.89.

Inventory Turnover measures how fast the company turns over its inventory within a year. Akso Health Group's Inventory Turnover for the quarter that ended in Sep. 2023 was 0.59.

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. Akso Health Group's Inventory-to-Revenue for the quarter that ended in Sep. 2023 was 1.63.

Akso Health Group Change In Inventory Historical Data

The historical data trend for Akso Health Group's Change In Inventory 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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Akso Health Group Change In Inventory Chart

Akso Health Group Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Change In Inventory

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-7.80

6.11

Akso Health Group Semi-Annual Data
	Mar15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Change In Inventory	Get a 7-Day Free Trial												-	-	6.90	-0.79	0.46

Akso Health Group Change In Inventory Calculation

Change In Inventory is the difference between last period's ending inventory and the current period's ending inventory.

Change In Inventory for the trailing twelve months (TTM) ended in Sep. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was $-0.33 Mil.

Akso Health Group (NAS:AHG) Change In Inventory Explanation

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

Akso Health Group's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	1.4565	/	0.855	*	365 / 2
	=	310.89

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

Akso Health Group's Inventory Turnover for the quarter that ended in Sep. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	0.855	/	1.4565
	=	0.59

3. 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.

Akso Health Group's Inventory to Revenue for the quarter that ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	1.4565	/	0.894
	=	1.63

Akso Health Group Change In Inventory Related Terms

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Akso Health Group (Akso Health Group) Business Description

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GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Distribution » Akso Health Group (NAS:AHG) » Definitions » Change In Inventory

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8HX1:Germany

Address

No. 44, Moscow Road, Qianwan Bonded Port Area, Room 8201-4-4(A), 2nd Floor, Qiantongyuan Building, Qingdao Pilot Free Trade Zone, Shandong, CHN

Website

http://www.xiaobaimaimai.com

Akso Health Group formerly Xiaobai Maimai Inc is a social e-commerce platform based in China. The company collaborates with domestic e-commerce platforms and offers users a wide selection of high-quality and affordable products on its social e-commerce platform. It operates in two segments namely online marketplace and health devices. It generates the majority of revenue from the health devices segment.