A8 New Media Group (HKSE:00800) Inventory Turnover : 18.10 (As of Dec. 2023)

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What is A8 New Media Group 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. A8 New Media Group's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$9.90 Mil. A8 New Media Group's Average Total Inventories for the quarter that ended in Dec. 2023 was HK$0.55 Mil. A8 New Media Group's Inventory Turnover for the quarter that ended in Dec. 2023 was 18.10.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. A8 New Media Group's Days Inventory for the six months ended in Dec. 2023 was 10.09.

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. A8 New Media Group's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.02.

A8 New Media Group Inventory Turnover Historical Data

The historical data trend for A8 New Media Group'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.

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A8 New Media Group Inventory Turnover Chart

A8 New Media Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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4.36

6.13

33.52

31.36

34.76

A8 New Media Group Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															17.58	16.20	14.75	16.91	18.10

A8 New Media Group Inventory Turnover Calculation

A8 New Media Group's Inventory Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Inventory Turnover (A: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2023 )	/ (	(Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )
=	19.275	/ (	(0.562	+	0.547)	/	2 )
=	19.275	/	0.5545
=	34.76

A8 New Media Group's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

	Inventory Turnover (Q: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2023 )	/ (	(Total Inventories (Q: Jun. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	9.898	/ (	(0.547	+	0.547)	/	2 )
=	9.898	/	0.547
=	18.10

A8 New Media Group (HKSE:00800) 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.

A8 New Media Group's Days Inventory for the six months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	0.547	/	9.898	*	365 / 2
	=	10.09

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.

A8 New Media Group's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	0.547	/	33.987
	=	0.02

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.

A8 New Media Group Inventory Turnover Related Terms

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A8 New Media Group (HKSE:00800) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » A8 New Media Group Ltd (HKSE:00800) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 1002 Keyuan Road, 25th Floor, A8 Music Building, Hi-tech Park, Nanshan District, Guangdong Province, Shenzhen, CHN, 518054

Website

https://www.a8nmg.com

A8 New Media Group Ltd is an investment holding company. It is organized into business units based on their services and has two reportable operating segments as follows: the cultural business segment engages in the provision of music-based entertainment, film and television production and game-related services in the People's Republic of China, and the Property Investment segment invests in properties for rental and management fee income in the People's Republic of China. Majority of the revenue derives from Property Investment segment.

Executives

Liu Xiaosong	2101 Beneficial owner
Hsbc International Trustee Limited	2301 Trustee
Prime Century Technology Limited	2101 Beneficial owner
Ever Novel Holdings Limited	2101 Beneficial owner

A8 New Media Group (HKSE:00800) Headlines

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