Paranovus Entertainment Technology (Paranovus Entertainment Technology) Change In Inventory : $1.45 Mil (TTM As of Sep. 2023)

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What is Paranovus Entertainment Technology Change In Inventory?

Paranovus Entertainment Technology's change in inventory for the quarter that ended in Sep. 2023 was $-0.34 Mil. It means Paranovus Entertainment Technology's inventory increased by $0.34 Mil from Mar. 2023 to Sep. 2023 .

Paranovus Entertainment Technology's change in inventory for the fiscal year that ended in Mar. 2023 was $1.06 Mil. It means Paranovus Entertainment Technology's inventory declined by $1.06 Mil from Mar. 2022 to Mar. 2023 .

Paranovus Entertainment Technology's Total Inventories for the quarter that ended in Sep. 2023 was $0.02 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Paranovus Entertainment Technology's Days Inventory for the quarter that ended in Sep. 2023 was 5.08.

Inventory Turnover measures how fast the company turns over its inventory within a year. Paranovus Entertainment Technology's Inventory Turnover for the quarter that ended in Sep. 2023 was 35.94.

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. Paranovus Entertainment Technology's Inventory-to-Revenue for the quarter that ended in Sep. 2023 was 0.03.

Paranovus Entertainment Technology Change In Inventory Historical Data

The historical data trend for Paranovus Entertainment Technology'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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Paranovus Entertainment Technology Change In Inventory Chart

Paranovus Entertainment Technology Annual Data

Trend

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Change In Inventory

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0.15

-0.28

0.39

0.45

1.06

Paranovus Entertainment Technology Semi-Annual Data
	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Change In Inventory	Get a 7-Day Free Trial									-0.24	0.69	-0.73	1.79	-0.34

Paranovus Entertainment Technology 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 Sep. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was $1.45 Mil.

Paranovus Entertainment Technology (NAS:PAVS) Change In Inventory Explanation

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

Paranovus Entertainment Technology's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	0.175	/	6.289	*	365 / 2
	=	5.08

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

Paranovus Entertainment Technology's Inventory Turnover for the quarter that ended in Sep. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	6.289	/	0.175
	=	35.94

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.

Paranovus Entertainment Technology's Inventory to Revenue for the quarter that ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0.175	/	6.294
	=	0.03

Paranovus Entertainment Technology Change In Inventory Related Terms

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Paranovus Entertainment Technology (Paranovus Entertainment Technology) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Paranovus Entertainment Technology Ltd (NAS:PAVS) » Definitions » Change In Inventory

Comparable Companies

Traded in Other Exchanges

2UO:Germany

Address

Number 11, Dongjiao East Road, Shuangxi, Shunchang, Fujian Province, Nanping, CHN, 353200

Website

https://www.happ.org.cn

Paranovus Entertainment Technology Ltd is a nutraceutical and dietary supplements producer focused on the research, development, manufacturing, and marketing of products made from Chinese herbal extracts. The company's segment includes Healthcare products; Automobile; Online store and Internet information and advertising service. It generates maximum revenue from the Online store segment.