A2Z Smart Technologies (TSXV:AZ) Inventory Turnover : 5.55 (As of Mar. 2024)

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What is A2Z Smart 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. A2Z Smart Technologies's Cost of Goods Sold for the three months ended in Mar. 2024 was C$1.85 Mil. A2Z Smart Technologies's Average Total Inventories for the quarter that ended in Mar. 2024 was C$0.33 Mil. A2Z Smart Technologies's Inventory Turnover for the quarter that ended in Mar. 2024 was 5.55.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. A2Z Smart Technologies's Days Inventory for the three months ended in Mar. 2024 was 16.44.

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. A2Z Smart Technologies's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.15.

A2Z Smart Technologies Inventory Turnover Historical Data

The historical data trend for A2Z Smart 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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A2Z Smart Technologies Inventory Turnover Chart

A2Z Smart Technologies Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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20.64

29.54

3.48

10.33

29.83

A2Z Smart 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															8.96	4.18	4.68	4.57	5.55

A2Z Smart Technologies Inventory Turnover Calculation

A2Z Smart 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 )
=	12.587	/ (	(0.509	+	0.335)	/	2 )
=	12.587	/	0.422
=	29.83

A2Z Smart 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 )
=	1.854	/ (	(0.335	+	0.333)	/	2 )
=	1.854	/	0.334
=	5.55

A2Z Smart Technologies (TSXV:AZ) 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.

A2Z Smart 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
	=	0.334	/	1.854	*	365 / 4
	=	16.44

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.

A2Z Smart 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 )
	=	0.334	/	2.297
	=	0.15

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.

A2Z Smart Technologies Inventory Turnover Related Terms

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A2Z Smart Technologies (TSXV:AZ) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » A2Z Smart Technologies Corp (TSXV:AZ) » Definitions » Inventory Turnover

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AZ:USA

Address

559 Briar Hill Avenue, Toronto, ON, CAN, M5N 1N1

Website

https://www.a2zas.com

A2Z Smart Technologies Corp is a technology company in Israel providing products to the Israeli Defense and Security Forces, specializing in military unmanned robotics and state-of-the-art automation and electronics technology. The company commenced the development of two products for the automotive market. The first product is a capsule that can be placed in a fuel tank to prevent gas tank explosions. The second product under development is a vehicle cover device that will protect automobiles from extreme weather conditions while the vehicle is not in use. The company also provides maintenance services to both external and in-house complex electronic systems and products.