What is Sphere Entertainment Co Inventory-to-Revenue?
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. Sphere Entertainment Co's Average Total Inventories for the quarter that ended in Mar. 2024 was $1.3 Mil. Sphere Entertainment Co's Revenue for the
three
months ended in Mar. 2024 was $321.3 Mil.
Sphere Entertainment Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.00.
Sphere Entertainment Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024
declined
from Dec. 2023 (0.01) to Dec. 2023 (0.00)
A decrease in the Inventory-to-Revenue from one quarter to next indicates that one of these is occurring:
1. investment in inventory is shrinking in relation to revenue
2. revenue are increasing
No matter which situation is causing the reduction in the Inventory-to-Revenue, either one suggests that business's inventory levels and its cash flow are effectively managed.
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Sphere Entertainment Co's Days Inventory for the
three
months ended in Mar. 2024 was 0.76.
Inventory Turnover measures how fast the company turns over its inventory within a year.
Sphere Entertainment Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 119.50.
Sphere Entertainment Co Inventory-to-Revenue Historical Data
The historical data trend for Sphere Entertainment Co's Inventory-to-Revenue 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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Sphere Entertainment Co Inventory-to-Revenue Chart
Competitive Comparison of Sphere Entertainment Co's Inventory-to-Revenue
For the Entertainment subindustry, Sphere Entertainment Co's Inventory-to-Revenue, along with its competitors' market caps and Inventory-to-Revenue data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Sphere Entertainment Co's Inventory-to-Revenue Distribution in the Media - Diversified Industry
For the Media - Diversified industry and Communication Services sector, Sphere Entertainment Co's Inventory-to-Revenue distribution charts can be found below:
* The bar in red indicates where Sphere Entertainment Co's Inventory-to-Revenue falls into.
Sphere Entertainment Co Inventory-to-Revenue Calculation
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.
Sphere Entertainment Co's Inventory-to-Revenue for the fiscal year that ended in Jun. 2023 is calculated as
* 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.
Sphere Entertainment Co (NYSE:SPHR) Inventory-to-Revenue Explanation
An increase in Inventory-to-Revenue from one quarter to the next indicates that one of the following is happening:
1. investment in inventory is growing more rapidly than revenue
2. revenue are dropping
No matter which situation is causing the problem, an increase in the Inventory-to-Revenue may signal an oncoming cash flow problem.
Likewise, a decrease in the Inventory-to-Revenue from one quarter to next indicates that one of these is occurring:
1. investment in inventory is shrinking in relation to revenue
2. revenue are increasing
No matter which situation is causing the reduction in the Inventory-to-Revenue, either one suggests that business's inventory levels and its cash flow are effectively managed.
More Related Terms:
1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Sphere Entertainment Co's Days Inventory for the
three
months ended in Mar. 2024 is calculated as:
* 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.
Sphere Entertainment Co Inventory-to-Revenue Related Terms
Thank you for viewing the detailed overview of Sphere Entertainment Co's Inventory-to-Revenue provided by GuruFocus.com. Please click on the following links to see related term pages.
Sphere Entertainment Co (Sphere Entertainment Co) Business Description
Sphere Entertainment Co is live entertainment and media company. The firm creates, writes, cast, produce, and tour shows and events. The company's portfolio includes Sphere, a next-generation entertainment medium to the world. The group has three reportable segments which include Entertainment, MSG Networks, and Tao Group Hospitality.
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