NetDragon Websoft (HKSE:00777) Inventory Turnover : 1.81 (As of Dec. 2023)

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What is NetDragon Websoft 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. NetDragon Websoft's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$1,432 Mil. NetDragon Websoft's Average Total Inventories for the quarter that ended in Dec. 2023 was HK$793 Mil. NetDragon Websoft's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.81.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. NetDragon Websoft's Days Inventory for the six months ended in Dec. 2023 was 101.08.

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. NetDragon Websoft's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.21.

NetDragon Websoft Inventory Turnover Historical Data

The historical data trend for NetDragon Websoft'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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NetDragon Websoft Inventory Turnover Chart

NetDragon Websoft Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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2.50

3.11

3.21

3.16

3.28

NetDragon Websoft Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															1.47	1.62	1.29	1.30	1.81

NetDragon Websoft Inventory Turnover Calculation

NetDragon Websoft'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 )
=	2956.484	/ (	(1284.222	+	519.545)	/	2 )
=	2956.484	/	901.8835
=	3.28

NetDragon Websoft'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 )
=	1431.757	/ (	(1066.436	+	519.545)	/	2 )
=	1431.757	/	792.9905
=	1.81

NetDragon Websoft (HKSE:00777) 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.

NetDragon Websoft'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
	=	792.9905	/	1431.757	*	365 / 2
	=	101.08

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.

NetDragon Websoft'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 )
	=	792.9905	/	3740.724
	=	0.21

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.

NetDragon Websoft Inventory Turnover Related Terms

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NetDragon Websoft (HKSE:00777) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » NetDragon Websoft Inc (HKSE:00777) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

3ND:Germany

Address

58 Wenquan Branch Road, 851 Building, Fuzhou, CHN

Website

http://www.nd.com.cn

NetDragon Websoft Inc is a Chinese holding company that engages in developing and operating online and mobile games as well as educational platforms. NetDragon's games include PC games, web-based games, mobile games, and e-sports games. PC games constitute the majority of the company's games sales. The company's game portfolio is composed of a range of games that appeal to various types of players. These games include Way of the Five, Eudemons Online, Conquer Online, Zero Online, and Heroes of Might & Magic Online. The company has operations in North America, Europe, and Asia.

Executives

Zhou Quan	2201 Interest of corporation controlled by you
Idg-accel China Growth Fund Gp Associates Ltd.	2201 Interest of corporation controlled by you
Ho Chi Sing	2201 Interest of corporation controlled by you
Liu Luyuan	2401 A concert party to an agreement to buy shares
Liu Dejian	2401 A concert party to an agreement to buy shares
Zheng Hui	2401 A concert party to an agreement to buy shares
Djm Holding Ltd.	2101 Beneficial owner
Idg-accel China Growth Fund L.p.	2101 Beneficial owner
Idg-accel China Growth Fund Associates L.p.	2201 Interest of corporation controlled by you

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