SinglePoint (SinglePoint) Inventory Turnover : 1.58 (As of Sep. 2023)

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What is SinglePoint 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. SinglePoint's Cost of Goods Sold for the three months ended in Sep. 2023 was $4.85 Mil. SinglePoint's Average Total Inventories for the quarter that ended in Sep. 2023 was $3.08 Mil. SinglePoint's Inventory Turnover for the quarter that ended in Sep. 2023 was 1.58.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. SinglePoint's Days Inventory for the three months ended in Sep. 2023 was 57.93.

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. SinglePoint's Inventory-to-Revenue for the quarter that ended in Sep. 2023 was 0.45.

SinglePoint Inventory Turnover Historical Data

The historical data trend for SinglePoint'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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SinglePoint Inventory Turnover Chart

SinglePoint Annual Data

Trend

Oct08

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Inventory Turnover

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59.13

31.37

31.94

11.08

12.12

SinglePoint Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Inventory Turnover	Get a 7-Day Free Trial															1.98	2.62	1.43	1.71	1.58

SinglePoint Inventory Turnover Calculation

SinglePoint's Inventory Turnover for the fiscal year that ended in Dec. 2022 is calculated as

	Inventory Turnover (A: Dec. 2022 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2022 )	/ (	(Total Inventories (A: Dec. 2021 )	+	Total Inventories (A: Dec. 2022 ))	/	count )
=	15.461	/ (	(0.07	+	2.481)	/	2 )
=	15.461	/	1.2755
=	12.12

SinglePoint'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: Jun. 2023 )	+	Total Inventories (Q: Sep. 2023 ))	/	count )
=	4.848	/ (	(3.166	+	2.99)	/	2 )
=	4.848	/	3.078
=	1.58

SinglePoint (BATS:SING) 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.

SinglePoint'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
	=	3.078	/	4.848	*	365 / 4
	=	57.93

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.

SinglePoint'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 )
	=	3.078	/	6.915
	=	0.45

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.

SinglePoint Inventory Turnover Related Terms

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SinglePoint (SinglePoint) Business Description

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Address

3104 East Camelback Road, Suite 2137, Phoenix, AZ, USA, 85016

Website

https://www.singlepoint.com

SinglePoint Inc is a renewable and sustainable solution company focused on solar power and indoor air purification. It is committed to building the largest vertically integrated network for the marketing and installation of solar panels in the residential and commercial markets. The company's subsidiary, BOX Pure Air, is engaged in the Indoor Air Quality sector addressing the need for air purification in schools and offices. SinglePoint is exploring future acquisition and growth opportunities in energy storage, electric vehicle charging, solar as a subscription service and additional energy-efficient appliances that enhance sustainability.