Nano Labs (Nano Labs) Inventory Turnover : 0.00 (As of Dec. 2023)

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What is Nano Labs 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. Nano Labs's Cost of Goods Sold for the three months ended in Dec. 2023 was $0.00 Mil. Nano Labs's Average Total Inventories for the quarter that ended in Dec. 2023 was $3.83 Mil. Nano Labs's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.00.

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.

Nano Labs Inventory Turnover Historical Data

The historical data trend for Nano Labs'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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Nano Labs Inventory Turnover Chart

Nano Labs Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

0.18

0.39

4.48

3.09

Nano Labs Quarterly Data
	Dec20	Jun21	Sep21	Dec21	Jun22	Sep22	Dec22	Jun23	Dec23
Inventory Turnover	Get a 7-Day Free Trial				-	1.60	0.68	-	-

Nano Labs Inventory Turnover Calculation

Nano Labs'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 )
=	25.459	/ (	(14.66	+	1.803)	/	2 )
=	25.459	/	8.2315
=	3.09

Nano Labs'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 )
=	0	/ (	(5.856	+	1.803)	/	2 )
=	0	/	3.8295
=	0.00

Nano Labs (NAS:NA) 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.

Nano Labs's Days Inventory for the three 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
	=	3.8295	/	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.

Nano Labs'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 )
	=	3.8295	/	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.

Nano Labs Inventory Turnover Related Terms

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Nano Labs (Nano Labs) Business Description

Industry

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Traded in Other Exchanges

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Address

No. 29, East Jiefang Road, 30th Floor, Dikaiyinzuo, Zhejiang, Hangzhou, CHN

Website

https://www.nano.cn

Nano Labs Ltd operates as a fabless IC design company and product solution provider in China. It engages in the development of HTC chips, HPC chips, distributed computing and storage solutions, smart-NICs, vision computing chips, and distributed rendering. Its products comprise Cuckoo 1.0 Chip, Cuckoo 2.0 Chip, and Darkbird 1.0 Chip. Majority of the company revenue comes from China.