Abits Group (Abits Group) Change In Inventory : $0.00 Mil (TTM As of Dec. 2023)

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What is Abits Group Change In Inventory?

Abits Group's change in inventory for the quarter that ended in Dec. 2023 was $0.00 Mil. It means Abits Group's inventory stayed the same from Jun. 2023 to Dec. 2023 .

Abits Group's change in inventory for the fiscal year that ended in Dec. 2023 was $0.00 Mil. It means Abits Group's inventory stayed the same from Dec. 2022 to Dec. 2023 .

Abits Group's Total Inventories for the quarter that ended in Dec. 2023 was $0.00 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Abits Group's Days Inventory for the quarter that ended in Dec. 2023 was 0.00.

Inventory Turnover measures how fast the company turns over its inventory within a year.

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. Abits Group's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.00.

Abits Group Change In Inventory Historical Data

The historical data trend for Abits Group's Change In Inventory 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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Abits Group Change In Inventory Chart

Abits Group Annual Data

Trend

Sep19

Sep20

Dec21

Dec22

Dec23

Change In Inventory

Abits Group Semi-Annual Data
	Sep19	Sep20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Change In Inventory	Get a 7-Day Free Trial			-	-	-	-	-

Abits Group Change In Inventory Calculation

Change In Inventory is the difference between last period's ending inventory and the current period's ending inventory.

Change In Inventory for the trailing twelve months (TTM) ended in Dec. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was $0.00 Mil.

Abits Group (NAS:ABTS) Change In Inventory Explanation

1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Abits Group's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	0	/	0.877	*	365 / 2
	=	0.00

2. Inventory Turnover measures how fast the company turns over its inventory within a year.

Abits Group's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	0.877	/	0
	=	N/A

3. 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.

Abits Group's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0	/	1.674
	=	0.00

Abits Group Change In Inventory Related Terms

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Abits Group (Abits Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Abits Group Inc (NAS:ABTS) » Definitions » Change In Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

30 Canton Road, Unit 911, Tower 2, Silvercord, Tsimshatsui, Hong Kong SAR, CHN

Website

https://www.moxianglobal.com

Abits Group Inc Formerly Moxian (BVI) Inc operates in the bitcoin mining industry. The company is engaged digital asset mining pools by executing contracts with mining pool operators to provide computing power to the mining pool. The Company provides computing power to the mining pool operator and is created as power is provided over time.

Executives

Deng Conglin

director

ROOM BC, 9TH FLOOR, FU HUA BUILDING, NO. 8 BEI DA STREET, CHAO YANG DISTRICT, BEIJING F4 100000