LiveOne (LiveOne) Inventory Turnover : 10.64 (As of Dec. 2023)

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What is LiveOne 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. LiveOne's Cost of Goods Sold for the three months ended in Dec. 2023 was $23.3 Mil. LiveOne's Average Total Inventories for the quarter that ended in Dec. 2023 was $2.2 Mil. LiveOne's Inventory Turnover for the quarter that ended in Dec. 2023 was 10.64.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. LiveOne's Days Inventory for the three months ended in Dec. 2023 was 8.57.

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. LiveOne's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.07.

LiveOne Inventory Turnover Historical Data

The historical data trend for LiveOne'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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LiveOne Inventory Turnover Chart

LiveOne Annual Data

Trend

Apr14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Inventory Turnover

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19.08

35.99

25.71

LiveOne Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															7.08	7.05	7.76	8.70	10.64

LiveOne Inventory Turnover Calculation

LiveOne'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 )
=	66.782	/ (	(2.599	+	2.596)	/	2 )
=	66.782	/	2.5975
=	25.71

LiveOne'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: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	23.267	/ (	(2.28	+	2.092)	/	2 )
=	23.267	/	2.186
=	10.64

LiveOne (NAS:LVO) 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.

LiveOne's Days Inventory for the three 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
	=	2.186	/	23.267	*	365 / 4
	=	8.57

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.

LiveOne'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 )
	=	2.186	/	31.245
	=	0.07

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.

LiveOne Inventory Turnover Related Terms

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LiveOne (LiveOne) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » LiveOne Inc (NAS:LVO) » Definitions » Inventory Turnover

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3510:Germany

Address

269 South Beverly Drive, Suite 1450, Beverly Hills, CA, USA, 90212

Website

https://www.liveone.com

LiveOne Inc, formerly LiveXLive Media Inc is a premium internet network devoted to live music and music-related video content. The company has been building an online destination for music fans to enjoy live performances from music venues and music festivals around the world, such as Rock in Rio, Outside Lands Music and Arts Festival, and Hangout Music Festival, as well as original content, artist exclusives, and industry interviews. The Company operates mainly through two segments, Audio and Media, with a majority of its revenue derived from the Audio segment.

Executives

Kristopher Wright	director	269 SOUTH BEVERLY DRIVE, SUITE 1450, BEVERLY HILLS CA 90212
Robert S Ellin	director, 10 percent owner, officer: CEO and Chairman	4751 WILSHIRE BLVD, 3RD FLOOR, LOS ANGELES CA 90010
Aaron Sullivan	officer: Interim CFO, Controller & EVP	269 SOUTH BEVERLY DRIVE, SUITE 1450, BEVERLY HILLS CA 90212
Jay E. Krigsman	director	C/O LATERAL MEDIA, INC., 2121 AVENUE OF THE STARS, SUITE 2550, LOS ANGELES CA 90067
Patrick D Wachsberger	director	C/O LIVEXLIVE MEDIA, INC., 9200 SUNSET BOULEVARD, SUITE #1201, WEST HOLLYWOOD CA 90069
Maria D Garrido	director	C/O LIVEXLIVE MEDIA, INC.,, 269 SOUTH BEVERLY DRIVE, SUITE 1450, BEVERLY HILLS CA 90212
Michael Quartieri	officer: CFO, EVP & Secretary	C/O SCIENTIFIC GAMES CORPORATION, 6601 BERMUDA ROAD, LAS VEGAS NV 89119
Bridget Baker	director	2550 DENALI STREET, SUITE 1000, ANCHORAGE X1 99503
Tim J. Spengler	director	C/O LIVEXLIVE MEDIA, INC, 269 SOUTH BEVERLY DRIVE, SUITE 1450, BEVERLY HILLS CA 90212
Dermot A Mccormack	officer: President	C/O LIVEXLIVE MEDIA, INC., 269 SOUTH BEVERLY DRIVE, SUITE #1450, BEVERLY HILLS CA 90212
Kenneth A Solomon	director	C/O LIVEXLIVE MEDIA, INC., 9200 SUNSET BOULEVARD, SUITE #1201, WEST HOLLYWOOD CA 90069
Ramin Arani	director	C/O LIVEXLIVE MEDIA, INC, 920 SUNSET BOULEVARD, SUITE #1201, WEST HOLLYWOOD CA 90069
Douglas D Schaer	officer: Chief Operating Officer	C/O LIVEXLIVE MEDIA, INC., 269 SOUTH BEVERLY DRIVE, SUITE 1450, BEVERLY HILLS CA 90212
Michael Leonard Zemetra	officer: CFO and EVP	5264 CALATRANA DRIVE, WOODLAND HILLS CA 91364
Jerome N. Gold	officer: CFO and EVP	C/O LIVEXLIVE MEDIA, INC, 269 SOUTH BEVERLY DRIVE, SUITE 1450, BEVERLY HILLS CA 90212