UMeWorld (UMeWorld) Inventory Turnover : 0.33 (As of Sep. 2023)

View and export this data going back to . Start your Free Trial

What is UMeWorld 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. UMeWorld's Cost of Goods Sold for the six months ended in Sep. 2023 was $0.00 Mil. UMeWorld's Average Total Inventories for the quarter that ended in Sep. 2023 was $0.01 Mil. UMeWorld's Inventory Turnover for the quarter that ended in Sep. 2023 was 0.33.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. UMeWorld's Days Inventory for the six months ended in Sep. 2023 was 547.50.

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. UMeWorld's Inventory-to-Revenue for the quarter that ended in Sep. 2023 was 12.00.

UMeWorld Inventory Turnover Historical Data

The historical data trend for UMeWorld'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.

* Premium members only.

UMeWorld Inventory Turnover Chart

UMeWorld Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Inventory Turnover

Get a 7-Day Free Trial

0.08

0.33

UMeWorld Semi-Annual Data
	Sep04	Sep05	Sep06	Sep07	Sep08	Sep09	Sep10	Sep11	Sep12	Sep13	Sep14	Sep15	Sep16	Sep17	Sep18	Sep19	Sep20	Sep21	Sep22	Sep23
Inventory Turnover	Get a 7-Day Free Trial															-	-	-	0.08	0.33

UMeWorld Inventory Turnover Calculation

UMeWorld's Inventory Turnover for the fiscal year that ended in Sep. 2023 is calculated as

	Inventory Turnover (A: Sep. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Sep. 2023 )	/ (	(Total Inventories (A: Sep. 2022 )	+	Total Inventories (A: Sep. 2023 ))	/	count )
=	0.004	/ (	(0.012	+	0)	/	1 )
=	0.004	/	0.012
=	0.33

UMeWorld'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: Sep. 2022 )	+	Total Inventories (Q: Sep. 2023 ))	/	count )
=	0.004	/ (	(0.012	+	0)	/	1 )
=	0.004	/	0.012
=	0.33

UMeWorld (OTCPK:UMEWF) 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.

UMeWorld'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
	=	0.012	/	0.004	*	365 / 2
	=	547.50

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.

UMeWorld'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 )
	=	0.012	/	0.001
	=	12.00

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.

UMeWorld Inventory Turnover Related Terms

Thank you for viewing the detailed overview of UMeWorld's Inventory Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

UMeWorld (UMeWorld) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » UMeWorld Ltd (OTCPK:UMEWF) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

28 Yee Wo Street, Unit B, 12th Floor, Hang Seng Causeway Bay Building, Causeway Bay, Hong Kong, HKG

Website

http://www.umeworld.com

UMeWorld Ltd is an internet technology company. It has developed a UMFun, the kindergarten-to-grade (K-12) product of the company which is a cloud-based, adaptive learning and assessment platform which analyzes and adapts to a student's performance and personalizes the delivery of proprietary educational items in accordance with the student's learning needs. The company offers UMFun's off-school version to Chinese K-12 students through China Mobile. Its other products are UMTang, UEXiao, and 17Speech.

Executives

Sandro Persia	officer: Secretary & Treasurer	10-75 EAST BEAVER CREEK, RICHMOND HILL A6 L4B 1B8
John David Milroy	director
Marcel Urbanc	officer: Chief Financial Officer
Sai Ming Wong	other: Former Director & Officer	10-75 EAST BEAVER CREEK, RICHMOND HILL A6 L4B 1B8
Michael Weisspapir	officer: Chief Medical Scientist	CO/ EASGATE, 2681 EAST PARLEYS WAY, SUITE 204, SALT LAKE CITY UT 84109
Man Ching Lee	director, 10 percent owner, officer: President	10-75 EAST BEAVER CREEK, RICHMOND HILL A6 L4B 1B8
Keith Ford Moore	director	NEUMARKET, ONT CANADA, L3Y 1J8 A6 00000
Joseph Schwarz	officer: Chief Scientist	CO/ EASTGATE, 2681 EAST PARLEYS WAY, SUITE 204, SALT LAKE CITY UT 84109