Eline Entertainment Group (Eline Entertainment Group) Inventory Turnover : 0.00 (As of Jun. 2023)

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What is Eline Entertainment Group 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. Eline Entertainment Group's Cost of Goods Sold for the three months ended in Jun. 2023 was $0.00 Mil. Eline Entertainment Group's Average Total Inventories for the quarter that ended in Jun. 2023 was $0.00 Mil.

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

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.

Eline Entertainment Group Inventory Turnover Historical Data

The historical data trend for Eline Entertainment Group'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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Eline Entertainment Group Inventory Turnover Chart

Eline Entertainment Group Annual Data

Trend

Oct00

Oct01

Oct02

Oct03

Oct04

Oct05

Dec21

Dec22

Inventory Turnover

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0.77

2.05

1.00

Eline Entertainment Group Quarterly Data
	Jul03	Oct03	Jan04	Apr04	Jul04	Oct04	Jan05	Apr05	Jul05	Oct05	Jan06	Apr06	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23
Inventory Turnover	Get a 7-Day Free Trial															-	-	-	-	-

Eline Entertainment Group Inventory Turnover Calculation

Eline Entertainment Group's Inventory Turnover for the fiscal year that ended in Dec. 2022 is calculated as

	Inventory Turnover (A: Dec. 2022 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2022 )	/ (	(Total Inventories (A: Dec. 2021 )	+	Total Inventories (A: Dec. 2022 ))	/	count )
=	0	/ (	(0	+	0)	/	1 )
=	0	/	0
=	N/A

Eline Entertainment Group's Inventory Turnover for the quarter that ended in Jun. 2023 is calculated as

	Inventory Turnover (Q: Jun. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Jun. 2023 )	/ (	(Total Inventories (Q: Mar. 2023 )	+	Total Inventories (Q: Jun. 2023 ))	/	count )
=	0	/ (	(0	+	0)	/	1 )
=	0	/	0
=	N/A

Eline Entertainment Group (OTCPK:EEGI) 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.

Eline Entertainment Group's Days Inventory for the three 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	/	0	*	365 / 4
	=

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.

Eline Entertainment Group's Inventory to Revenue for the quarter that ended in Jun. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jun. 2023 )	/	Revenue (Q: Jun. 2023 )
	=	0	/	0
	=

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.

Eline Entertainment Group Inventory Turnover Related Terms

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Eline Entertainment Group (Eline Entertainment Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Eline Entertainment Group Inc (OTCPK:EEGI) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

89 Queensway, Suite 1113, Tower 2, Lippo Centre, Admiralty, HKG

Website

http://www.elinegrp.com

Eline Entertainment Group Inc is a developmental stage company. Its plan of business has not been implemented but will involve mergers and acquisitions of operating companies .

Executives

Barry A Rothman	officer: President	20118 OCEAN KEY DRIVE, BOCA RATON FL 33498
Jayme Dorrough	director, 10 percent owner

Eline Entertainment Group (Eline Entertainment Group) Headlines

From GuruFocus

Eline Entertainment Group (OTC:EEGI) Submits Updated Filings

By PRNewswire PRNewswire • 07-29-2021