Kelso Technologies (TSX:KLS) Inventory Turnover : 0.43 (As of Mar. 2024)

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What is Kelso Technologies 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. Kelso Technologies's Cost of Goods Sold for the three months ended in Mar. 2024 was C$2.09 Mil. Kelso Technologies's Average Total Inventories for the quarter that ended in Mar. 2024 was C$4.85 Mil. Kelso Technologies's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.43.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Kelso Technologies's Days Inventory for the three months ended in Mar. 2024 was 211.96.

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. Kelso Technologies's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 1.35.

Kelso Technologies Inventory Turnover Historical Data

The historical data trend for Kelso Technologies'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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Kelso Technologies Inventory Turnover Chart

Kelso Technologies Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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3.07

1.42

0.77

1.29

1.65

Kelso Technologies 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															0.33	0.34	0.47	0.51	0.43

Kelso Technologies Inventory Turnover Calculation

Kelso Technologies'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 )
=	8.369	/ (	(5.63	+	4.529)	/	2 )
=	8.369	/	5.0795
=	1.65

Kelso Technologies'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 )
=	2.089	/ (	(4.529	+	5.176)	/	2 )
=	2.089	/	4.8525
=	0.43

Kelso Technologies (TSX:KLS) 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.

Kelso Technologies'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
	=	4.8525	/	2.089	*	365 / 4
	=	211.96

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.

Kelso Technologies'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 )
	=	4.8525	/	3.591
	=	1.35

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.

Kelso Technologies Inventory Turnover Related Terms

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Kelso Technologies (TSX:KLS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Kelso Technologies Inc (TSX:KLS) » Definitions » Inventory Turnover

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KIQ:USA LB4A:Germany

Address

13966, 18B Avenue, Surrey, BC, CAN, V4A 8J1

Website

https://www.kelsotech.com

Kelso Technologies Inc is a railway equipment supplier that produces and sells tank car service equipment used for the safe loading, unloading, and containment of hazardous materials during transport. The firm designs, engineers, markets, produces, and distributes various pressure relief valves and manway securement systems designed to reduce the risk of environmental harm due to non-accidental events in the transportation of hazardous commodities via railroad tank cars.

Executives

James Richard Bond

Director, Senior Officer

Kelso Technologies (TSX:KLS) Headlines

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