QLY Biotech Group (QLY Biotech Group) Inventory Turnover : 0.00 (As of Feb. 2023)

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What is QLY Biotech 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. QLY Biotech Group's Cost of Goods Sold for the three months ended in Feb. 2023 was $0.00 Mil. QLY Biotech Group's Average Total Inventories for the quarter that ended in Feb. 2023 was $0.00 Mil.

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

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.

QLY Biotech Group Inventory Turnover Historical Data

The historical data trend for QLY Biotech 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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QLY Biotech Group Inventory Turnover Chart

QLY Biotech Group Annual Data

Trend

Aug19

Aug20

Aug21

Aug22

Inventory Turnover

QLY Biotech Group Quarterly Data
	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23
Inventory Turnover	Get a 7-Day Free Trial												-	-	-	-	-

QLY Biotech Group Inventory Turnover Calculation

QLY Biotech Group's Inventory Turnover for the fiscal year that ended in Aug. 2022 is calculated as

	Inventory Turnover (A: Aug. 2022 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Aug. 2022 )	/ (	(Total Inventories (A: Aug. 2021 )	+	Total Inventories (A: Aug. 2022 ))	/	count )
=	0	/ (	(0	+	0)	/	1 )
=	0	/	0
=	N/A

QLY Biotech Group's Inventory Turnover for the quarter that ended in Feb. 2023 is calculated as

	Inventory Turnover (Q: Feb. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Feb. 2023 )	/ (	(Total Inventories (Q: Nov. 2022 )	+	Total Inventories (Q: Feb. 2023 ))	/	count )
=	0	/ (	(0	+	0)	/	1 )
=	0	/	0
=	N/A

QLY Biotech Group (OTCPK:LQLY) 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.

QLY Biotech Group's Days Inventory for the three months ended in Feb. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Feb. 2023 )	/	Cost of Goods Sold (Q: Feb. 2023 )	*	Days in Period
	=	0	/	0	*	365 / 4
	=

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.

QLY Biotech Group's Inventory to Revenue for the quarter that ended in Feb. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Feb. 2023 )	/	Revenue (Q: Feb. 2023 )
	=	0	/	0
	=

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.

QLY Biotech Group Inventory Turnover Related Terms

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QLY Biotech Group (QLY Biotech Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » QLY Biotech Group Corp (OTCPK:LQLY) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

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Address

5348 Vegas Drive, Las Vegas, NV, USA, 89108

Website

QLY Biotech Group Corp is a United States based company engaged in the tourism business.

QLY Biotech Group (QLY Biotech Group) Headlines

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