Get Nice Financial Group (HKSE:01469) Inventory Turnover : 0.00 (As of Sep. 2023)

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What is Get Nice Financial 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. Get Nice Financial Group's Cost of Goods Sold for the six months ended in Sep. 2023 was HK$13.5 Mil. Get Nice Financial Group's Average Total Inventories for the quarter that ended in Sep. 2023 was HK$0.0 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Get Nice Financial Group's Days Inventory for the six months ended in Sep. 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. Get Nice Financial Group's Inventory-to-Revenue for the quarter that ended in Sep. 2023 was 0.00.

Get Nice Financial Group Inventory Turnover Historical Data

The historical data trend for Get Nice Financial 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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Get Nice Financial Group Inventory Turnover Chart

Get Nice Financial Group Annual Data

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Inventory Turnover

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Get Nice Financial Group Semi-Annual Data
	Mar13	Mar14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Inventory Turnover	Get a 7-Day Free Trial															-	-	-	-	-

Get Nice Financial Group Inventory Turnover Calculation

Get Nice Financial Group's Inventory Turnover for the fiscal year that ended in Mar. 2023 is calculated as

	Inventory Turnover (A: Mar. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Mar. 2023 )	/ (	(Total Inventories (A: Mar. 2022 )	+	Total Inventories (A: Mar. 2023 ))	/	count )
=	30.567	/ (	(0	+	0)	/	1 )
=	30.567	/	0
=	N/A

Get Nice Financial Group's Inventory Turnover for the quarter that ended in Sep. 2023 is calculated as

	Inventory Turnover (Q: Sep. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Sep. 2023 )	/ (	(Total Inventories (Q: Mar. 2023 )	+	Total Inventories (Q: Sep. 2023 ))	/	count )
=	13.509	/ (	(0	+	0)	/	1 )
=	13.509	/	0
=	N/A

Get Nice Financial Group (HKSE:01469) 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.

Get Nice Financial Group's Days Inventory for the six months ended in Sep. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2023 )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
	=	0	/	13.509	*	365 / 2
	=	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.

Get Nice Financial Group's Inventory to Revenue for the quarter that ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2023 )	/	Revenue (Q: Sep. 2023 )
	=	0	/	168.244
	=	0.00

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.

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Get Nice Financial Group (HKSE:01469) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Get Nice Financial Group Ltd (HKSE:01469) » Definitions » Inventory Turnover

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Address

183 Queen’s Road Central, 10th Floor Cosco Tower, Grand Millennium Plaza, Hong Kong, HKG

Website

https://www.getnicefg.com.hk

Get Nice Financial Group Ltd is an investment holding company. The company's segment includes Broking; Securities margin financing; Corporate finance; Asset Management and Investments. The company generates maximum revenue from the Securities margin financing segment. Geographically, the company derives a majority of its revenue from Hong Kong.

Executives

Honeylink Agents Limited
Hung Hon Man

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