Riot Platforms (FRA:AP4N) Inventory Turnover : 0.00 (As of Mar. 2024)

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What is Riot Platforms 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. Riot Platforms's Cost of Goods Sold for the three months ended in Mar. 2024 was €43.3 Mil. Riot Platforms's Average Total Inventories for the quarter that ended in Mar. 2024 was €0.0 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Riot Platforms's Days Inventory for the three months ended in Mar. 2024 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. Riot Platforms's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.00.

Riot Platforms Inventory Turnover Historical Data

The historical data trend for Riot Platforms'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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Riot Platforms Inventory Turnover Chart

Riot Platforms Annual Data

Trend

Dec14

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Dec23

Inventory Turnover

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Riot Platforms 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															-	-	-	-	-

Riot Platforms Inventory Turnover Calculation

Riot Platforms'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 )
=	233.224	/ (	(0	+	0)	/	1 )
=	233.224	/	0
=	N/A

Riot Platforms'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 )
=	43.334	/ (	(0	+	0)	/	1 )
=	43.334	/	0
=	N/A

Riot Platforms (FRA:AP4N) 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.

Riot Platforms'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
	=	0	/	43.334	*	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.

Riot Platforms'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 )
	=	0	/	72.952
	=	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.

Riot Platforms Inventory Turnover Related Terms

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Riot Platforms (FRA:AP4N) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Riot Platforms Inc (FRA:AP4N) » Definitions » Inventory Turnover

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RIOT:USA RIOT:Mexico

Address

3855 Ambrosia Street, Suite 301, Castle Rock, CO, USA, 80109

Website

https://www.riotplatforms.com

Riot Platforms Inc is a vertically integrated Bitcoin mining company focused on building, supporting, and operating blockchain technologies. Distributed blockchain technology is a decentralized and encrypted ledger that is designed to offer a secure, efficient, verifiable, and permanent way of storing records and other information without the need for intermediaries. It serves as a medium of exchange, store of value, or unit of account. The company's segments include Bitcoin Mining; Data Center Hosting and Engineering. It generates maximum revenue from the Bitcoin Mining segment.

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