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Integrated Media Technology (Integrated Media Technology) Inventory Turnover : 0.06 (As of Jun. 2023)


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What is Integrated Media Technology 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. Integrated Media Technology's Cost of Goods Sold for the six months ended in Jun. 2023 was $0.23 Mil. Integrated Media Technology's Average Total Inventories for the quarter that ended in Jun. 2023 was $3.94 Mil. Integrated Media Technology's Inventory Turnover for the quarter that ended in Jun. 2023 was 0.06.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Integrated Media Technology's Days Inventory for the six months ended in Jun. 2023 was 3,178.81.

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. Integrated Media Technology's Inventory-to-Revenue for the quarter that ended in Jun. 2023 was 12.95.

Integrated Media Technology Inventory Turnover Historical Data

The historical data trend for Integrated Media Technology'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.

* Premium members only.

Integrated Media Technology Inventory Turnover Chart

Integrated Media Technology Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Inventory Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.43 0.94 3.02 0.75 0.11

Integrated Media Technology Semi-Annual Data
Dec13 Dec14 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23
Inventory Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.01 0.75 - 0.11 0.06

Integrated Media Technology Inventory Turnover Calculation

Integrated Media Technology's Inventory Turnover for the fiscal year that ended in Dec. 2022 is calculated as

Inventory Turnover (A: Dec. 2022 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (A: Dec. 2022 ) / ((Total Inventories (A: Dec. 2021 ) + Total Inventories (A: Dec. 2022 )) / count )
=0.467 / ((0 + 4.185) / 1 )
=0.467 / 4.185
=0.11

Integrated Media Technology's Inventory Turnover for the quarter that ended in Jun. 2023 is calculated as

Inventory Turnover (Q: Jun. 2023 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (Q: Jun. 2023 ) / ((Total Inventories (Q: Dec. 2022 ) + Total Inventories (Q: Jun. 2023 )) / count )
=0.226 / ((4.185 + 3.688) / 2 )
=0.226 / 3.9365
=0.06

* 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.

Integrated Media Technology  (NAS:IMTE) 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.

Integrated Media Technology's Days Inventory for the six months ended in Jun. 2023 is calculated as:

Days Inventory =Average Total Inventories (Q: Jun. 2023 )/Cost of Goods Sold (Q: Jun. 2023 )*Days in Period
=3.9365/0.226*365 / 2
=3,178.81

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.

Integrated Media Technology's Inventory to Revenue for the quarter that ended in Jun. 2023 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Jun. 2023 ) / Revenue (Q: Jun. 2023 )
=3.9365 / 0.304
=12.95

* 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.

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.

Integrated Media Technology Inventory Turnover Related Terms

Thank you for viewing the detailed overview of Integrated Media Technology's Inventory Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Integrated Media Technology (Integrated Media Technology) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Integrated Media Technology Ltd (NAS:IMTE) » Definitions » Inventory Turnover
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TMPO TNLX MTEK OST NEON SGMA IEHC INRD LGL MPAD APH TPE:2317 TEL SZSE:002475 TSE:6981 TPE:2308 GLW XKRX:006400 SZSE:000725 JBL
Traded in Other Exchanges
N/A
Address
Jalan Pensyarah U1/28, Suite A, Unit 5, Level 3, Lot 4, Glen 9 Business Park, Hicom Glenmarie Industrial Par, Shah Alam, SGR, MYS, 40150
Website
https://www.imtechltd.com
Integrated Media Technology Ltd is engaged in the development, sale, and distribution of autostereoscopic 3D display, 3D conversion equipment, and software, development, and sale of 3D autostereoscopic technology, and the provision of 3D consultancy services. It operates through the following segments: the development, sale and distribution of autostereoscopic 3D displays, conversion equipment, software and technology solutions, and others, Sales of air-filter products, provision of consultancy services, and Sales of Halal products.
Executives
Marvel Finance Ltd 10 percent owner 7/F., SIU ON CENTER., 188 LOCKHART ROAD,, WAN CHAI K3 00000
Lee Ying Chiu Herbert director, 10 percent owner, officer: President and CEO 15/F., SIU ON CENTRE, 188 LOCKHART ROAD, WANCHAI K3 0000
Nextglass Technologies Corp. 10 percent owner 9454 WILSHIRE BOULEVARD, SUITE 612, BEVERLY HILLES CA 90210
Jeonggeun Kim 10 percent owner 101-1402HO, SOSABEOL PURUGIO APT, 970 VISION-DONG, PYEONGTAEK-SI M5 17847
Cimb Ltd 10 percent owner SUITE1814, 18/F FO TAN INDUSTRIAL CENTER, 26-28 AU PUI WAN STREET, FOTAN, NT K3 00000
Heming Cui director 13/F, TOWER 2, BELCHER, NO. 89 POK FU LAM ROAD, HONG KONG K3 00000
Ho Cecil Te Hwai officer: CFO & Company Secretary 7/F, SIU ON CENTRE, 188 LOCKHART ROAD, WANCHAI K3 00000
Lawrence Chen director UNIT 10, 18 JESSIE STREET, WESTMEAD SYDNEY C3 2145
Michael Wuhua Zhang director 7/F, SIU ON CENTER, 188 LOCKHART ROAD, WANCHAI K3 00000
Unerkov Con director PO BOX 1171, NORTH ADELAIDE SA C3 5006
George Yatzis officer: Company Secretary GPO BOX 2018, ADELAIDE C3 5001
Chang Yuen Chan director 7/F., SIU ON CENTER,, 188 LOCKHART ROAD,, WAN CHAI K3 00000
Ingram Wilton Timothy Carr director 7/F., SIU ON CENTER,, 188 LOCKHART ROAD,, WAN CHAI K3 00000
Man Chung Chan director ROOM 2404, KING YAN HOUSE, KING NGA COURT, TAIPO K3 00000