8/27/2023 0 Comments Turnover merch ukThe formula for calculating inventory turnover ratio is:Ĭost of Goods Sold (COGS) divided by the Average Inventory for the year Inventory turnover formula: How do you calculate stock turn? Throughout the year, there will be peaks and valleys of inventory due to holidays, back-to-school, and seasonal apparel shopping that will skew your numbers. When you compile the average inventory for a year, you get a clearer picture of the financial standing of your business. In accounting practices, it is usually calculated for the year but could also be done on a monthly or quarterly basis. What is inventory turnover?Īlso referred to as “stock turn,” “inventory turn,” or “stock turnover,” inventory turnover is a measurement of the number of times inventory is sold in one year. One of the key metrics that can help you figure all that out is inventory turnover, which as you’ll learn below, plays a critical in planning and managing your stock. Too much inventory leads to high holding costs, while too little stock means possibly missing out on sales.įor the most part, inventory management is all about finding that balance and ensuring that you have the right products at the right time. There is a delicate balance between having too much or too little stock on hand. It’s exciting to wonder what could be coming next for TenZ, as there as whispers that, at the end of the 2022 season, he may be leaving Sentinels.As a retailer, you’re always looking for ways to increase sales and profits, as well as manage the space you have for inventory. Furthermore, TenZ is a part of one of the most iconic power couples in gaming, having revealed in August that he and his partner, Kyedae, had been engaged for eight months.Īs a creator, Kyedae boasts almost four million followers, and she’s signed to 100 Thieves as a streamer. By late 2022, TenZ had made just $93,000 in VALORANT winnings, but that sum is dwarfed by the income he receives from his content creation and streaming career, and now from his merchandise lines and collaborations. In 2021, Sentinels did make the VCT cut, but it was narrow, and the team crashed out in 10th place. During the Valorant Champions Tour in 2022, Sentinels failed to qualify for the biggest stage of them all. While he isn’t the winningest player of all time, his online personality and streaming presence are more than enough to make up for what might be seen by some as a competitive struggle. The Future is Bright for TenZĪt just 21 years of age, there’s a bright future in store for TenZ, who is rapidly becoming one of the leading superstars in the esports industry. Now, with the overwhelmingly successful launch of Project T, TenZ has proven that he really is a diverse and thriving entrepreneur. In July, his Finalmouse collaboration was a staggering success, with the peripherals firm selling out of the special TenZ edition Starlight Pro mouse, which was then priced at $189.99. His profile as a gamer has enabled him to take great strides away from the keyboard. In fact, in 2020, he became the first North American player to secure the VALORANT rank in the beta, which is now known as Radiant. He’s been at the forefront of the VALORANT esports scene since it debuted, making a shift in 2020 and moving away from Counter-Strike: Global Offensive. Since day one of the beta, TenZ has been battling to be recognised as one of the best VALORANT players in the world. However, as a complementary accompaniment to the launch of Project T, the manga is free to consume on TenZ.gg. There were thirteen items featured in the merchandise line, which primarily consisted of clothing, but there was also a short manga series released, which is also known as Project T. It was revealed that sales were recorded from ‘all corners of the globe’, being regarded as a worldwide success by all involved. ‘Project T is a Phenomenal Success’ Image Credit: TenZ.ggĪccording to Prodigy Agency, the representatives for TenZ, the launch of Project T was a phenomenal success. At present, his social following across all major platforms totals almost 7 million users, with 3.1 million of those followers being found on Twitch. His collaboration with Finalmouse and now the launch of his own merchandise line have both been supremely successful, and that’s owed mostly to his prolific place in the industry. Tyson ‘TenZ’ Ngo is easily one of the most popular esports players in the world right now. Reportedly, in what was the ‘one of the most successful merch launches for an esports athlete ever’, TenZ’s Project T has already raked in a six-figure turnover. Now, proving that he’s the master of doing it all, TenZ has released a limited edition merchandise line, known as Project T. In July, his collaboration with Finalmouse was a roaring success, boasting $7m in sales in a single day. It has been a banner year for TenZ, the Sentinels superstar and all-around VALORANT icon.
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