AGM Group Holdings (AGM Group Holdings) Days Inventory : 0.00 (As of Jun. 2023)

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What is AGM Group Holdings Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). AGM Group Holdings's Average Total Inventories for the three months ended in Jun. 2023 was $7.2 Mil. AGM Group Holdings's Cost of Goods Sold for the three months ended in Jun. 2023 was $0.0 Mil.

The historical rank and industry rank for AGM Group Holdings's Days Inventory or its related term are showing as below:

During the past 7 years, AGM Group Holdings's highest Days Inventory was 271.92. The lowest was 24.56. And the median was 148.24.

AGMH's Days Inventory is not ranked ^*
in the Hardware industry.
Industry Median: 101.97
* Ranked among companies with meaningful Days Inventory only.

AGM Group Holdings's Days Inventory declined from Sep. 2021 (80.43) to Jun. 2023 (0.00).

Inventory Turnover measures how fast the company turns over its inventory within a year. AGM Group Holdings's Inventory Turnover for the three months ended in Jun. 2023 was 0.00.

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.

AGM Group Holdings Days Inventory Historical Data

The historical data trend for AGM Group Holdings's Days 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.

* Premium members only.

AGM Group Holdings Days Inventory Chart

AGM Group Holdings Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Inventory

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271.92

24.56

AGM Group Holdings Quarterly Data
	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Sep20	Dec20	Jun21	Sep21	Dec21	Jun22	Dec22	Jun23
Days Inventory	Get a 7-Day Free Trial											80.43	47.45	-	-	-

Competitive Comparison of AGM Group Holdings's Days Inventory

For the Computer Hardware subindustry, AGM Group Holdings's Days Inventory, along with its competitors' market caps and Days Inventory 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.

AGM Group Holdings's Days Inventory Distribution in the Hardware Industry

For the Hardware industry and Technology sector, AGM Group Holdings's Days Inventory distribution charts can be found below:

* The bar in red indicates where AGM Group Holdings's Days Inventory falls into.

AGM Group Holdings Days Inventory Calculation

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

AGM Group Holdings's Days Inventory for the fiscal year that ended in Dec. 2022 is calculated as

	Days Inventory (A: Dec. 2022 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2021 )	+	Total Inventories (A: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2022 )	*	Days in Period
=	( (22.433	+	3.915)	/	2 )	/	195.808	*	365
=	13.174					/	195.808	*	365
=	24.56

AGM Group Holdings's Days Inventory for the quarter that ended in Jun. 2023 is calculated as:

	Days Inventory (Q: Jun. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Dec. 2022 )	+	Total Inventories (Q: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2023 )	*	Days in Period
=	( (3.915	+	10.395)	/	2 )	/	0	*	365 / 4
=	7.155					/	0	*	365 / 4
=	N/A

AGM Group Holdings (NAS:AGMH) Days Inventory Explanation

Days Inventory indicates the liquidity of the inventory. Generally, a lower Days Inventory is preferred as it indicates a shorter duration to clear off the inventory. An increase of the ratio may indicate the company's sales slowed. Similar ratios related to Days Inventory are:

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

AGM Group Holdings's Inventory Turnover for the three months ended in Jun. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	0	/	7.155
	=	0.00

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.

AGM Group Holdings's Inventory to Revenue for the three months ended in Jun. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	7.155	/	0
	=

Be Aware

A lot of business are seasonable. It makes more sense to compare Days Inventory from the same period in the previous year instead of from the previous quarter.

AGM Group Holdings Days Inventory Related Terms

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AGM Group Holdings (AGM Group Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » AGM Group Holdings Inc (NAS:AGMH) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

C/o Creative Consultants (Hong Kong) Limited, 185 Wanchai Road, Room 1502-3, 15th Floor, Connuaght Commercial Building, Wanchai, Hong Kong, HKG

Website

http://www.agmprime.com

AGM Group Holdings Inc is an investment holding company. The company focuses on blockchain-oriented ASIC chip design; high-end crypto miner production and fintech technology software service. It generates maximum revenue from the sale of cryptocurrency mining machines and standardized computing equipment.