Alibaba Pictures Group (HKSE:01060) Inventory Turnover : 38.36 (As of Sep. 2023)

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What is Alibaba Pictures 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. Alibaba Pictures Group's Cost of Goods Sold for the six months ended in Sep. 2023 was HK$1,612 Mil. Alibaba Pictures Group's Average Total Inventories for the quarter that ended in Sep. 2023 was HK$42 Mil. Alibaba Pictures Group's Inventory Turnover for the quarter that ended in Sep. 2023 was 38.36.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Alibaba Pictures Group's Days Inventory for the six months ended in Sep. 2023 was 4.76.

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. Alibaba Pictures Group's Inventory-to-Revenue for the quarter that ended in Sep. 2023 was 0.01.

Alibaba Pictures Group Inventory Turnover Historical Data

The historical data trend for Alibaba Pictures 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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Alibaba Pictures Group Inventory Turnover Chart

Alibaba Pictures Group Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Inventory Turnover

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1,733.90

1,873.93

120.97

82.38

Alibaba Pictures Group Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Inventory Turnover	Get a 7-Day Free Trial															59.91	95.29	46.33	30.58	38.36

Alibaba Pictures Group Inventory Turnover Calculation

Alibaba Pictures Group's Inventory Turnover for the fiscal year that ended in Mar. 2023 is calculated as

	Inventory Turnover (A: Mar. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Mar. 2023 )	/ (	(Total Inventories (A: Mar. 2022 )	+	Total Inventories (A: Mar. 2023 ))	/	count )
=	2723.21	/ (	(21.985	+	44.129)	/	2 )
=	2723.21	/	33.057
=	82.38

Alibaba Pictures Group's Inventory Turnover for the quarter that ended in Sep. 2023 is calculated as

	Inventory Turnover (Q: Sep. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Sep. 2023 )	/ (	(Total Inventories (Q: Mar. 2023 )	+	Total Inventories (Q: Sep. 2023 ))	/	count )
=	1611.52	/ (	(44.129	+	39.898)	/	2 )
=	1611.52	/	42.0135
=	38.36

Alibaba Pictures Group (HKSE:01060) 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.

Alibaba Pictures Group's Days Inventory for the six months ended in Sep. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2023 )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
	=	42.0135	/	1611.52	*	365 / 2
	=	4.76

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.

Alibaba Pictures Group's Inventory to Revenue for the quarter that ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2023 )	/	Revenue (Q: Sep. 2023 )
	=	42.0135	/	2805.696
	=	0.01

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.

Alibaba Pictures Group Inventory Turnover Related Terms

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Alibaba Pictures Group (HKSE:01060) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Alibaba Pictures Group Ltd (HKSE:01060) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

CBW:Germany

Address

1 Matheson Street, 26th Floor, Tower One, Times Square, Causeway Bay, Hong Kong, HKG

Website

http://www.alibabapictures.com

Alibaba Pictures Group Ltd a subsidiary of the Alibaba Group, is a diversified media company headquartered in China that operates in the entertainment industry. The company has three business segments: Technology, Content production, and IP merchandising and commercialization. The Technology segment provides Internet-based ticketing services to consumers and offers Internet-based promotion and distribution services to cinemas. The integrated development unit develops, licenses, and merchandises intellectual property. The content production business engages in planning, developing, and producing films and TV drama series. The Content segment generates most of the company's revenue.

Executives

Bian Ximing	2101 Beneficial owner
Ali Cv Investment Holding Limited
Alibaba Group Holding Limited
Alibaba Investment Limited
Yang Minghua	2101 Beneficial owner

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