Byte Metaverse Holdings (HKSE:08645) Change In Inventory : HK$0.0 Mil (TTM As of Dec. 2023)

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What is Byte Metaverse Holdings Change In Inventory?

Byte Metaverse Holdings's change in inventory for the quarter that ended in Dec. 2023 was HK$0.0 Mil. It means Byte Metaverse Holdings's inventory stayed the same from Sep. 2023 to Dec. 2023 .

Byte Metaverse Holdings's change in inventory for the fiscal year that ended in Jun. 2023 was HK$-1.2 Mil. It means Byte Metaverse Holdings's inventory increased by HK$1.2 Mil from Jun. 2022 to Jun. 2023 .

Byte Metaverse Holdings's Total Inventories for the quarter that ended in Dec. 2023 was HK$10.2 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Byte Metaverse Holdings's Days Inventory for the quarter that ended in Dec. 2023 was 21.37.

Inventory Turnover measures how fast the company turns over its inventory within a year. Byte Metaverse Holdings's Inventory Turnover for the quarter that ended in Dec. 2023 was 4.27.

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. Byte Metaverse Holdings's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.20.

Byte Metaverse Holdings Change In Inventory Historical Data

The historical data trend for Byte Metaverse Holdings'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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Byte Metaverse Holdings Change In Inventory Chart

Byte Metaverse Holdings Annual Data

Trend

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Change In Inventory

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-0.22

-4.05

1.62

-2.36

-1.19

Byte Metaverse Holdings Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Change In Inventory	Get a 7-Day Free Trial															-	-	-	-	-

Byte Metaverse Holdings 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 quarterly data reported by the company within the most recent 12 months, which was HK$0.0 Mil.

Byte Metaverse Holdings (HKSE:08645) Change In Inventory Explanation

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

Byte Metaverse Holdings's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	5.1175	/	21.854	*	365 / 4
	=	21.37

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

Byte Metaverse Holdings's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	21.854	/	5.1175
	=	4.27

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.

Byte Metaverse Holdings's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	5.1175	/	25.625
	=	0.20

Byte Metaverse Holdings Change In Inventory Related Terms

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Byte Metaverse Holdings (HKSE:08645) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Byte Metaverse Holdings Ltd (HKSE:08645) » Definitions » Change In Inventory

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Traded in Other Exchanges

N/A

Address

98 Thomson Road, Unit B, 13th Floor, Winsan Tower, Hong Kong, HKG

Website

http://www.metamichong.com

Michong Metaverse (China) Holdings Group Ltd is an investment holding company. The company is engaged in network support services which mainly encompass network infrastructure design and hardware installation, network management and security services; network connectivity services that focus on providing intranet and internet connectivity solutions and value-added services; and E-Commerce.

Executives

Thrive Harvest Limited	2101 Beneficial owner
Worldtone Riches Investment Limited	2101 Beneficial owner
Yu Decai	2201 Interest of corporation controlled by you
Garden Wealth Limited	2101 Beneficial owner
Wu Han Jia You Xin Xi Ke Ji You Xian Gong Si	2101 Beneficial owner
Shen Zhen Shi Hui Tong Ying Fu Yi Hao Gu Quan Tou Zi Ji Jin He Huo Qi Ye You Xian He Huo	2101 Beneficial owner

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