Movella Holdings (Movella Holdings) Inventory Turnover : 0.61 (As of Jun. 2023)

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What is Movella Holdings 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. Movella Holdings's Cost of Goods Sold for the three months ended in Jun. 2023 was $3.92 Mil. Movella Holdings's Average Total Inventories for the quarter that ended in Jun. 2023 was $6.46 Mil. Movella Holdings's Inventory Turnover for the quarter that ended in Jun. 2023 was 0.61.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Movella Holdings's Days Inventory for the three months ended in Jun. 2023 was 150.55.

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. Movella Holdings's Inventory-to-Revenue for the quarter that ended in Jun. 2023 was 0.77.

Movella Holdings Inventory Turnover Historical Data

The historical data trend for Movella Holdings'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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Movella Holdings Inventory Turnover Chart

Movella Holdings Annual Data

Trend

Dec20

Dec21

Dec22

Inventory Turnover

4.60

-5.56

-3.95

Movella Holdings Quarterly Data
	Dec20	Jun21	Dec21	Mar22	Jun22	Dec22	Mar23	Jun23
Inventory Turnover	Get a 7-Day Free Trial			1.04	0.66	1.09	0.61	0.61

Movella Holdings Inventory Turnover Calculation

Movella Holdings'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 )
=	-19.172	/ (	(4.535	+	5.164)	/	2 )
=	-19.172	/	4.8495
=	-3.95

Movella Holdings'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: Mar. 2023 )	+	Total Inventories (Q: Jun. 2023 ))	/	count )
=	3.915	/ (	(6.57	+	6.348)	/	2 )
=	3.915	/	6.459
=	0.61

Movella Holdings (OTCPK:MVLA) 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.

Movella Holdings's Days Inventory for the three 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
	=	6.459	/	3.915	*	365 / 4
	=	150.55

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.

Movella Holdings'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 )
	=	6.459	/	8.359
	=	0.77

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.

Movella Holdings Inventory Turnover Related Terms

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Movella Holdings (Movella Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Movella Holdings Inc (OTCPK:MVLA) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

3535 Executive Terminal Drive, Suite 110, Henderson, NV, USA, 89052

Website

https://www.movella.com

Movella Holdings Inc is a full-stack provider of sensors, software, and analytics that enable the digitization of movement. It serves the entertainment, health & sports, and automation & mobility markets.

Executives

Ben A Lee	director, officer: See Remarks	3408 GARRETT DRIVE, SANTA CLARA CA 95054
Stephen M Smith	officer: Chief Financial Officer
Boele De Bie	officer: Chief Operating Officer	C/O MOVELLA INC., 2570 NORTH FIRST STREET, SUITE 300, SAN JOSE CA 95131
Industry Ventures Tech Buyout, Lp	10 percent owner	30 HOTALING PLACE, 3RD FLOOR, SAN FRANCISCO CA 94111
Fp Credit Partners Phoenix Ii, L.p.	10 percent owner	ONE LETTERMAN DR, BUILDING C - STE 410, SAN FRANCISCO CA 94129
Fp Credit Partners Gp Ii, L.p.	10 percent owner	ONE LETTERMAN DR, BUILDING C - STE 410, SAN FRANCISCO CA 94129
Fp Credit Partners Ii, L.p.	10 percent owner	ONE LETTERMAN DR, BUILDING C - STE 410, SAN FRANCISCO CA 94129
Fp Credit Partners Gp Ii Management, Llc	10 percent owner	ONE LETTERMAN DR, BUILDING C - STE 410, SAN FRANCISCO CA 94129
Iv Tech Buyout Gp, Llc	10 percent owner	1950 UNIVERSITY AVENUE, SUITE 350, PALO ALTO CA 94303
Arrowhead Holdings, Llc / New	10 percent owner	1950 UNIVERSITY AVENUE, SUITE 350, PALO ALTO CA 94303
Hggc Pathfinder Holdings I, Llc	10 percent owner	1950 UNIVERSITY AVENUE, SUITE 350, PALO ALTO CA 94303
Pathfinder Acquisition Llc	10 percent owner	1950 UNIVERSITY AVENUE, PALO ALTO CA 94303
Chung David H S	director	10900 NE 8TH STREET, SUITE 800, BELLEVUE WA 98004
Eric Salzman	director	C/O 8X8 INC., 675 CREEKSIDE WAY, CAMPCALL CA 95008
Wen Hsuan Hsieh	director	C/O DESKTOP METAL, INC., 63 THIRD AVENUE, BURLINGTON MA 01803