Smartspace Software (LSE:SMRT) Inventory Turnover : 0.00 (As of Jul. 2023)

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What is Smartspace Software 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. Smartspace Software's Cost of Goods Sold for the six months ended in Jul. 2023 was £0.22 Mil. Smartspace Software's Average Total Inventories for the quarter that ended in Jul. 2023 was £0.00 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Smartspace Software's Days Inventory for the six months ended in Jul. 2023 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. Smartspace Software's Inventory-to-Revenue for the quarter that ended in Jul. 2023 was 0.00.

Smartspace Software Inventory Turnover Historical Data

The historical data trend for Smartspace Software'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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Smartspace Software Inventory Turnover Chart

Smartspace Software Annual Data

Trend

Jan14

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Inventory Turnover

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6.29

8.50

9.12

2.51

2.75

Smartspace Software Semi-Annual Data
	Jan14	Jul14	Jan15	Jul15	Jan16	Jul16	Jan17	Jul17	Jan18	Jul18	Jan19	Jul19	Jan20	Jul20	Jan21	Jul21	Jan22	Jul22	Jan23	Jul23
Inventory Turnover	Get a 7-Day Free Trial															5.79	-1.98	1.83	3.75	-

Smartspace Software Inventory Turnover Calculation

Smartspace Software's Inventory Turnover for the fiscal year that ended in Jan. 2023 is calculated as

	Inventory Turnover (A: Jan. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Jan. 2023 )	/ (	(Total Inventories (A: Jan. 2022 )	+	Total Inventories (A: Jan. 2023 ))	/	count )
=	0.559	/ (	(0.203	+	0)	/	1 )
=	0.559	/	0.203
=	2.75

Smartspace Software's Inventory Turnover for the quarter that ended in Jul. 2023 is calculated as

	Inventory Turnover (Q: Jul. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Jul. 2023 )	/ (	(Total Inventories (Q: Jan. 2023 )	+	Total Inventories (Q: Jul. 2023 ))	/	count )
=	0.224	/ (	(0	+	0)	/	1 )
=	0.224	/	0
=	N/A

Smartspace Software (LSE:SMRT) 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.

Smartspace Software's Days Inventory for the six months ended in Jul. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jul. 2023 )	/	Cost of Goods Sold (Q: Jul. 2023 )	*	Days in Period
	=	0	/	0.224	*	365 / 2
	=	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.

Smartspace Software's Inventory to Revenue for the quarter that ended in Jul. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jul. 2023 )	/	Revenue (Q: Jul. 2023 )
	=	0	/	2.741
	=	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.

Smartspace Software Inventory Turnover Related Terms

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Smartspace Software (LSE:SMRT) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Software » Smartspace Software PLC (LSE:SMRT) » Definitions » Inventory Turnover

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DZV2:Germany DZV2:Germany

Address

4 Fordham House Court, Fordham House Estate, Fordham, Cambridgeshire, GBR, CB7 5LL

Website

https://www.smartspaceplc.com

Smartspace Software PLC is engaged in the development and sale of software products. It is also engaged in the sale and installation of audio-visual hardware products. It operates through the following segments SwipedOn, and Space Connect. The firm generates the majority of revenue from the SwipedOn segment which is engaged in the sale and support of self-service visitor management software to customers throughout the world.