Qualstar (FRA:QST1) Inventory Turnover : 0.87 (As of Sep. 2023)

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What is Qualstar 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. Qualstar's Cost of Goods Sold for the three months ended in Sep. 2023 was €2.03 Mil. Qualstar's Average Total Inventories for the quarter that ended in Sep. 2023 was €2.33 Mil. Qualstar's Inventory Turnover for the quarter that ended in Sep. 2023 was 0.87.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Qualstar's Days Inventory for the three months ended in Sep. 2023 was 104.77.

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. Qualstar's Inventory-to-Revenue for the quarter that ended in Sep. 2023 was 0.79.

Qualstar Inventory Turnover Historical Data

The historical data trend for Qualstar'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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Qualstar Inventory Turnover Chart

Qualstar Annual Data

Trend

Jun10

Jun11

Jun12

Jun13

Jun14

Jun15

Dec16

Dec17

Dec18

Dec19

Inventory Turnover

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3.06

3.30

4.14

3.26

3.69

Qualstar Quarterly Data
	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Sep22	Sep23
Inventory Turnover	Get a 7-Day Free Trial															1.02	0.98	0.51	0.74	0.87

Qualstar Inventory Turnover Calculation

Qualstar's Inventory Turnover for the fiscal year that ended in Dec. 2019 is calculated as

	Inventory Turnover (A: Dec. 2019 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2019 )	/ (	(Total Inventories (A: Dec. 2018 )	+	Total Inventories (A: Dec. 2019 ))	/	count )
=	8.924	/ (	(2.546	+	2.286)	/	2 )
=	8.924	/	2.416
=	3.69

Qualstar'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: Sep. 2022 )	+	Total Inventories (Q: Sep. 2023 ))	/	count )
=	2.025	/ (	(0	+	2.325)	/	1 )
=	2.025	/	2.325
=	0.87

Qualstar (FRA:QST1) 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.

Qualstar's Days Inventory for the three 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
	=	2.325	/	2.025	*	365 / 4
	=	104.77

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.

Qualstar'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 )
	=	2.325	/	2.944
	=	0.79

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.

Qualstar Inventory Turnover Related Terms

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Qualstar (FRA:QST1) Business Description

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QBAK:USA

Address

1 Jenner, Suite 200, Irvine, CA, USA, 92618

Website

https://www.qualstar.com

Qualstar Corp is a U.S based provider of data storage systems marketed under the Qualstar brand and of power solutions marketed under the N2Power brand. The company's segments include Power Supplies and Data Storage. Under the Power Supplies segment, it designs, manufactures and sells open frame switching power supplies. Under the Data Storage segment, it designs, manufactures and sells automated magnetic tape libraries used to store, retrieve and manage electronic data in network computing environments. It has its geographic presence in North America, Europe.

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