Nova Lifestyle (Nova Lifestyle) Inventory Turnover : 0.58 (As of Mar. 2024)

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What is Nova Lifestyle 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. Nova Lifestyle's Cost of Goods Sold for the three months ended in Mar. 2024 was $1.36 Mil. Nova Lifestyle's Average Total Inventories for the quarter that ended in Mar. 2024 was $2.36 Mil. Nova Lifestyle's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.58.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Nova Lifestyle's Days Inventory for the three months ended in Mar. 2024 was 158.55.

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. Nova Lifestyle's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.99.

Nova Lifestyle Inventory Turnover Historical Data

The historical data trend for Nova Lifestyle'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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Nova Lifestyle Inventory Turnover Chart

Nova Lifestyle Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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1.15

1.00

0.40

5.43

1.93

Nova Lifestyle Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial															0.27	0.92	0.66	0.62	0.58

Nova Lifestyle Inventory Turnover Calculation

Nova Lifestyle'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 )
=	6.913	/ (	(4.933	+	2.213)	/	2 )
=	6.913	/	3.573
=	1.93

Nova Lifestyle's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

	Inventory Turnover (Q: Mar. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2024 )	/ (	(Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )
=	1.36	/ (	(2.213	+	2.513)	/	2 )
=	1.36	/	2.363
=	0.58

Nova Lifestyle (NAS:NVFY) 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.

Nova Lifestyle's Days Inventory for the three months ended in Mar. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2024 )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
	=	2.363	/	1.36	*	365 / 4
	=	158.55

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.

Nova Lifestyle's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	2.363	/	2.376
	=	0.99

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.

Nova Lifestyle Inventory Turnover Related Terms

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Nova Lifestyle (Nova Lifestyle) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Nova Lifestyle Inc (NAS:NVFY) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

15N:Germany

Address

6565 East Washington Boulevard, Commerce, CA, USA, 90040

Website

https://www.novalifestyle.com

Nova Lifestyle Inc is a designer and lifestyle furniture company. It distributes and retails contemporary styled residential and commercial furniture. The firms marketing and sales platform offers retail as well as online selection and purchase fulfillment internationally. The company also sells managed a variety of bedding foundation components. Its collection of lifestyle furniture brands includes Diamond Sofa. The firm's products are made in the United States and Asia. Its customers mainly comprise distributors and retailers having specific geographic coverages that deploy middle to high-end private label home furnishings. The Company operates in one business and industry segment: the design and sale of furniture.

Executives

Umesh Patel	director	6565 E. WASHINGTON BLVD, C/O NOVA LIFESTYLE, INC., COMMERCE CA 90040
Min Su	director, officer: Corporate Secretary	C/O NOVA LIFESTYLE, INC., 6565 E WASHINGTON BLVD, COMMERCE CA 90040
Jeffrey Chuang	officer: Chief Financial Officer	C/O NOVA LIFESTYLE, INC., 6565 E. WASHINGTON BLVD, COMMERCE CA 90040
Steven Qiang Liu	10 percent owner	6541 E. WASHINGTON BLVD, C/O NOVA LIFESTYLE, INC., COMMERCE CA 90040
Yuen Ching Ho	10 percent owner, officer: Chief Financial Officer	6541 E. WASHINGTON BLVD, C/O NOVA LIFESTYLE, INC., COMMERCE CA 90040
Huy P La	director	6565 E WASHINGTON BLVD, COMMERCE CA 90040
Joyal St.	10 percent owner	6565 E WASHINGTON BLVD #518, COMMERCE CA 90040
Ya Ming Wong	director, 10 percent owner, officer: CEO and Chairman	6541 E. WASHINGTON BLVD, C/O NOVA LIFESTYLE, INC., COMMERCE CA 90040
Thanh H Lam	director, officer: President	6541 E. WASHINGTON BLVD, C/O NOVA LIFESTYLE, INC., COMMERCE CA 90040
Peter M Kam	director	6541 E WASHINGTON BLVD, COMMERCE CA 90040
Bin Liu	director	40 WALL STREET, 58TH FLOOR, NEW YORK NY 10005
James R Talevich	director	20202 WINDROW DR, LAKE FOREST CA 92630
Michael J Viotto	director	444 E. HUNTINGTON DR., SUITE 105, ARCADIA CA 91006
Chung Shing Yam	director	6541 E WASHINGTON BLVD, COMMERCE CA 90040
Alex Li	director, 10 percent owner, officer: President & CEO	NO. 6 JIEFANGNAN LU, HEXI DISTRICT, TIANJIN F4 30000