PASSUR Aerospace (PASSUR Aerospace) Inventory Turnover : 0.00 (As of Jul. 2022)

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What is PASSUR Aerospace 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. PASSUR Aerospace's Cost of Goods Sold for the three months ended in Jul. 2022 was $1.23 Mil. PASSUR Aerospace's Average Total Inventories for the quarter that ended in Jul. 2022 was $0.00 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. PASSUR Aerospace's Days Inventory for the three months ended in Jul. 2022 was 0.00.

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. PASSUR Aerospace's Inventory-to-Revenue for the quarter that ended in Jul. 2022 was 0.00.

PASSUR Aerospace Inventory Turnover Historical Data

The historical data trend for PASSUR Aerospace'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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PASSUR Aerospace Inventory Turnover Chart

PASSUR Aerospace Annual Data

Trend

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Oct21

Inventory Turnover

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PASSUR Aerospace Quarterly Data
	Oct17	Jan18	Apr18	Jul18	Oct18	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22
Inventory Turnover	Get a 7-Day Free Trial															-	-	-	-	-

PASSUR Aerospace Inventory Turnover Calculation

PASSUR Aerospace's Inventory Turnover for the fiscal year that ended in Oct. 2021 is calculated as

	Inventory Turnover (A: Oct. 2021 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Oct. 2021 )	/ (	(Total Inventories (A: Oct. 2020 )	+	Total Inventories (A: Oct. 2021 ))	/	count )
=	2.277	/ (	(0	+	0)	/	1 )
=	2.277	/	0
=	N/A

PASSUR Aerospace's Inventory Turnover for the quarter that ended in Jul. 2022 is calculated as

	Inventory Turnover (Q: Jul. 2022 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Jul. 2022 )	/ (	(Total Inventories (Q: Apr. 2022 )	+	Total Inventories (Q: Jul. 2022 ))	/	count )
=	1.227	/ (	(0	+	0)	/	1 )
=	1.227	/	0
=	N/A

PASSUR Aerospace (OTCPK:PSSR) 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.

PASSUR Aerospace's Days Inventory for the three months ended in Jul. 2022 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jul. 2022 )	/	Cost of Goods Sold (Q: Jul. 2022 )	*	Days in Period
	=	0	/	1.227	*	365 / 4
	=	0.00

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.

PASSUR Aerospace's Inventory to Revenue for the quarter that ended in Jul. 2022 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jul. 2022 )	/	Revenue (Q: Jul. 2022 )
	=	0	/	1.484
	=	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.

PASSUR Aerospace Inventory Turnover Related Terms

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PASSUR Aerospace (PASSUR Aerospace) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » PASSUR Aerospace Inc (OTCPK:PSSR) » Definitions » Inventory Turnover

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Traded in Other Exchanges

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Address

One Landmark Square, Suite 1905, Stamford, CT, USA, 06901

Website

https://www.passur.com

PASSUR Aerospace Inc is engaged in digital operational excellence, providing predictive analytics and decision support technology for the aviation industry, to improve the operational performance and cash flow of airlines and the airports where they operate. The company's information solutions are used at five North American airlines; by airlines in Europe; by more than 60 airport customers (used at the top 30 North American airports); by more than 100 business aviation organizations; and by the US government.

Executives

Allison O'neill	officer: Exec. VP Finance & Admin	883 INMAN VILLAGE PARKWAY, ATLANTA GA 30307
Richard L Haver	director	C/O PASSUR AEROSPACE, INC., ONE LANDMARK SQUARE, SUITE 1900, STAMFORD CT 06901
Robert M. Stafford	director	C/O PASSUR AEROSPACE, ONE LANDMARK SQUARE, SUITE 1900, STAMFORD CT 06901
Michael Owen Hulley	director	ONE LANDMARK SQUARE, SUITE 1900, STAMFORD NY 06901
Michael P. Schumaecker	director	BOX 205, ORLEANS MA 02653
Sean L Doherty	officer: Exec. VP Finance & Admin	34 MILSON CRESCENT, GUELPH A6 N1C1G9
Michael Henne	officer: Chief Commercial Officer	ONE LANDMARK SQUARE, SUITE 1900, STAMFORD CT 06901
Brian Gerald Cook	director	840 ST. JOHNS AVE., GREEN COVE SPRINGS FL 32043
John Franklin Thomas	director	25 BURR DRIVE, NEEDHAM MA 02492
Ronald Rose	director
David Mackenzie Henderson	officer: See Remarks	ONE LANDMARK SQUARE, SUITE 1900, STAMFORD CT 06901
David Brukman	officer: Chief Technology Officer	6 WATCH HILL DR., GREENWICH CT 06831
Keith D. Wichman	officer: VP-Airline Solutions/Product	C/O PASSUR AEROSPACE, ONE LANDMARK SQUARE, SUITE 1900, STANFORD CT 06901
William S. Leber	officer: VP of Air-Traffic Innovations	C/O PASSUR AEROSPACE, ONE LANDMARK SQUARE SUITE 1900, STANFORD CT 06901
Thomas Scott White	officer: Senior VP ATM & Technology	C/O PASSUR AEROSPACE, ONE LANDMARK SQUARE, SUITE 1900, STANFORD CT 06901