Kingnet Network Co (SZSE:002517) Inventory Turnover : 10.55 (As of Mar. 2024)

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What is Kingnet Network Co 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. Kingnet Network Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥235 Mil. Kingnet Network Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥22 Mil. Kingnet Network Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 10.55.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Kingnet Network Co's Days Inventory for the three months ended in Mar. 2024 was 8.65.

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. Kingnet Network Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.02.

Kingnet Network Co Inventory Turnover Historical Data

The historical data trend for Kingnet Network Co'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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Kingnet Network Co Inventory Turnover Chart

Kingnet Network Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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61.47

38.19

69.60

69.93

47.24

Kingnet Network Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial															13.03	13.65	14.54	13.50	10.55

Kingnet Network Co Inventory Turnover Calculation

Kingnet Network Co'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 )
=	710.006	/ (	(10.463	+	19.598)	/	2 )
=	710.006	/	15.0305
=	47.24

Kingnet Network Co's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

	Inventory Turnover (Q: Mar. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2024 )	/ (	(Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )
=	234.764	/ (	(19.598	+	24.894)	/	2 )
=	234.764	/	22.246
=	10.55

Kingnet Network Co (SZSE:002517) 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.

Kingnet Network Co's Days Inventory for the three months ended in Mar. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2024 )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
	=	22.246	/	234.764	*	365 / 4
	=	8.65

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.

Kingnet Network Co's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	22.246	/	1307.536
	=	0.02

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.

Kingnet Network Co Inventory Turnover Related Terms

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Kingnet Network Co (SZSE:002517) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Kingnet Network Co Ltd (SZSE:002517) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 2388, Chenhang Highway, Building 3, Pujiang High-tech Plaza, Minhang District, Shanghai, CHN, 201114

Website

https://www.kingnet.com

Kingnet Network Co Ltd is a Chinese-based online game company. The company's main business covers research and development as well as the operation and publishing of quality entertainment content, including mobile games, web games, and PC games. It also engages in the operation of web game platforms and mobile app distribution platforms.

Executives

Jin Feng	Director
Qian Jun Fa	Directors, executives
Lin Bin	Executives
Tang Yue	Executives
Shen Jun	Directors, executives
Zhao Fan	Directors, executives
Huang Zhen Feng	Executives
Liu Hong Lin	Secretary Dong
Shen Liang	Directors, executives
Chen Yong Cong	Directors, executives
Fan Bo	Executives
Qin Wei	Supervisors
Ning Bing Yang	Executives
Wang Yue	Directors, executives
Feng Xian Chao	Directors, executives

Kingnet Network Co (SZSE:002517) Headlines

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