Remedy Entertainment (Remedy Entertainment) Inventory Turnover : 342.62 (As of Jun. 2023)

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What is Remedy Entertainment 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. Remedy Entertainment's Cost of Goods Sold for the three months ended in Jun. 2023 was $4.45 Mil. Remedy Entertainment's Average Total Inventories for the quarter that ended in Jun. 2023 was $0.01 Mil. Remedy Entertainment's Inventory Turnover for the quarter that ended in Jun. 2023 was 342.62.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Remedy Entertainment's Days Inventory for the three months ended in Jun. 2023 was 0.27.

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. Remedy Entertainment's Inventory-to-Revenue for the quarter that ended in Jun. 2023 was 0.00.

Remedy Entertainment Inventory Turnover Historical Data

The historical data trend for Remedy Entertainment'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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Remedy Entertainment Inventory Turnover Chart

Remedy Entertainment Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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409.68

862.67

1,888.48

Remedy Entertainment Quarterly Data
	Dec15	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Inventory Turnover	Get a 7-Day Free Trial											114.00	193.63	186.91	342.62	-

Remedy Entertainment Inventory Turnover Calculation

Remedy Entertainment'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 )
=	19.829	/ (	(0.014	+	0.007)	/	2 )
=	19.829	/	0.0105
=	1,888.48

Remedy Entertainment'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 )
=	4.454	/ (	(0.014	+	0.012)	/	2 )
=	4.454	/	0.013
=	342.62

Remedy Entertainment (OTCPK:RMDEF) 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.

Remedy Entertainment'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
	=	0.013	/	4.454	*	365 / 4
	=	0.27

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.

Remedy Entertainment'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 )
	=	0.013	/	9.646
	=	0.00

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.

Remedy Entertainment Inventory Turnover Related Terms

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Remedy Entertainment (Remedy Entertainment) Business Description

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GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Remedy Entertainment PLC (OTCPK:RMDEF) » Definitions » Inventory Turnover

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REMEDY:Finland 8P8:Germany

Address

Luomanportti 3, Espoo, FIN, 02200

Website

https://www.remedygames.com

Remedy Entertainment PLC is a gaming company developing narrative and visually impressive console and computer games, published by partners such as Microsoft, Rockstar Games and Smile Gate. It published games such as Death Rally, Max Payne, among others.