Frequency Exchange (TSXV:FREQ) Inventory Turnover : 0.31 (As of Sep. 2023)

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What is Frequency Exchange 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. Frequency Exchange's Cost of Goods Sold for the three months ended in Sep. 2023 was C$0.05 Mil. Frequency Exchange's Average Total Inventories for the quarter that ended in Sep. 2023 was C$0.15 Mil. Frequency Exchange's Inventory Turnover for the quarter that ended in Sep. 2023 was 0.31.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Frequency Exchange's Days Inventory for the three months ended in Sep. 2023 was 294.03.

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. Frequency Exchange's Inventory-to-Revenue for the quarter that ended in Sep. 2023 was 0.91.

Frequency Exchange Inventory Turnover Historical Data

The historical data trend for Frequency Exchange'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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Frequency Exchange Inventory Turnover Chart

Frequency Exchange Annual Data

Trend

Oct20

Oct21

Dec22

Inventory Turnover

1.31

Frequency Exchange Quarterly Data
	Oct20	Jan21	Oct21	Jan22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Inventory Turnover	Get a 7-Day Free Trial					0.30	0.27	0.40	0.46	0.31

Frequency Exchange Inventory Turnover Calculation

Frequency Exchange'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: Oct. 2021 )	+	Total Inventories (A: Dec. 2022 ))	/	count )
=	0.264	/ (	(0	+	0.201)	/	1 )
=	0.264	/	0.201
=	1.31

Frequency Exchange'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 )
=	0.045	/ (	(0.151	+	0.139)	/	2 )
=	0.045	/	0.145
=	0.31

Frequency Exchange (TSXV:FREQ) 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.

Frequency Exchange'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
	=	0.145	/	0.045	*	365 / 4
	=	294.03

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.

Frequency Exchange'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 )
	=	0.145	/	0.159
	=	0.91

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.

Frequency Exchange Inventory Turnover Related Terms

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Frequency Exchange (TSXV:FREQ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Frequency Exchange Corp (TSXV:FREQ) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

1055 West Georgia Street, Suite 2050, PO Box 11121, Vancouver, BC, CAN, V6E 3P3

Website

https://www.frequencyexchangecorp.com

Frequency Exchange Corp is focused on the development and global commercialization of a wearable Frequency Delivery System providing specialized programs designed for health and wellness as well as performance enhancement.

Executives

Stephen Davis

10% Security Holder, Director, Senior Officer