QinetiQ Group (QinetiQ Group) Inventory Turnover : 0.00 (As of Sep. 2023)

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What is QinetiQ Group 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. QinetiQ Group's Cost of Goods Sold for the six months ended in Sep. 2023 was $0 Mil. QinetiQ Group's Average Total Inventories for the quarter that ended in Sep. 2023 was $89 Mil. QinetiQ Group's Inventory Turnover for the quarter that ended in Sep. 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. QinetiQ Group's Inventory-to-Revenue for the quarter that ended in Sep. 2023 was 0.08.

QinetiQ Group Inventory Turnover Historical Data

The historical data trend for QinetiQ Group'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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QinetiQ Group Inventory Turnover Chart

QinetiQ Group Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Inventory Turnover

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QinetiQ Group Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Inventory Turnover	Get a 7-Day Free Trial															-	-	-	-	-

QinetiQ Group Inventory Turnover Calculation

QinetiQ Group's Inventory Turnover for the fiscal year that ended in Mar. 2023 is calculated as

	Inventory Turnover (A: Mar. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Mar. 2023 )	/ (	(Total Inventories (A: Mar. 2022 )	+	Total Inventories (A: Mar. 2023 ))	/	count )
=	0	/ (	(72.332	+	83.495)	/	2 )
=	0	/	77.9135
=	0.00

QinetiQ Group's Inventory Turnover for the quarter that ended in Sep. 2023 is calculated as

	Inventory Turnover (Q: Sep. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Sep. 2023 )	/ (	(Total Inventories (Q: Mar. 2023 )	+	Total Inventories (Q: Sep. 2023 ))	/	count )
=	0	/ (	(83.495	+	93.936)	/	2 )
=	0	/	88.7155
=	0.00

QinetiQ Group (OTCPK:QNTQY) 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.

QinetiQ Group's Days Inventory for the six months ended in Sep. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2023 )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
	=	88.7155	/	0	*	365 / 2
	=

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.

QinetiQ Group's Inventory to Revenue for the quarter that ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2023 )	/	Revenue (Q: Sep. 2023 )
	=	88.7155	/	1092.946
	=	0.08

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.

QinetiQ Group Inventory Turnover Related Terms

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QinetiQ Group (QinetiQ Group) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » QinetiQ Group PLC (OTCPK:QNTQY) » Definitions » Inventory Turnover

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Traded in Other Exchanges

QNTQF:USA QQl:UK QQ.:UK QY6:Germany

Address

Ively Road, Cody Technology Park, Farnborough, Hampshire, GBR, GU14 0LX

Website

https://www.qinetiq.com

QinetiQ Group PLC is a company operating in the global aerospace, defense, and security sectors. The services and products offered are air (air engineering services, air traffic management, safety, and environmental management); C4ISR (communication, reconnaissance, intelligence and surveillance, space security, fast jet sensor fusion training, sensors, cyber and data science among many others); Cyber (accreditation support, security health check, data classification, insider threat management among others); Maritime ( Maritime Autonomy Centre, Naval Mission Systems, Maritime Stealth among many others).