Ubiquitech Software (Ubiquitech Software) Inventory Turnover : 0.34 (As of Aug. 2023)

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What is Ubiquitech 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. Ubiquitech Software's Cost of Goods Sold for the three months ended in Aug. 2023 was $0.03 Mil. Ubiquitech Software's Average Total Inventories for the quarter that ended in Aug. 2023 was $0.09 Mil. Ubiquitech Software's Inventory Turnover for the quarter that ended in Aug. 2023 was 0.34.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Ubiquitech Software's Days Inventory for the three months ended in Aug. 2023 was 264.63.

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. Ubiquitech Software's Inventory-to-Revenue for the quarter that ended in Aug. 2023 was 2.07.

Ubiquitech Software Inventory Turnover Historical Data

The historical data trend for Ubiquitech 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.
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Ubiquitech Software Inventory Turnover Chart

Ubiquitech Software Annual Data

Trend

Aug08

Inventory Turnover

Ubiquitech Software Quarterly Data
	Nov07	Feb08	May08	Aug08	Nov08	Feb09	May09	Aug09	Nov09	Feb10	May10	Aug22	Aug23
Inventory Turnover	Get a 7-Day Free Trial								-	-	-	-	0.34

Ubiquitech Software Inventory Turnover Calculation

Ubiquitech Software's Inventory Turnover for the fiscal year that ended in Aug. 2008 is calculated as

	Inventory Turnover (A: Aug. 2008 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Aug. 2008 )	/ (	(Total Inventories (A: . 20 )	+	Total Inventories (A: Aug. 2008 ))	/	count )
=	0	/ (	(	+	0)	/	1 )
=	0	/	0
=	N/A

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

	Inventory Turnover (Q: Aug. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Aug. 2023 )	/ (	(Total Inventories (Q: Aug. 2022 )	+	Total Inventories (Q: Aug. 2023 ))	/	count )
=	0.03	/ (	(0	+	0.087)	/	1 )
=	0.03	/	0.087
=	0.34

Ubiquitech Software (OTCPK:UBQU) 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.

Ubiquitech Software's Days Inventory for the three months ended in Aug. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Aug. 2023 )	/	Cost of Goods Sold (Q: Aug. 2023 )	*	Days in Period
	=	0.087	/	0.03	*	365 / 4
	=	264.63

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.

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

Inventory-to-Revenue	=	Average Total Inventories (Q: Aug. 2023 )	/	Revenue (Q: Aug. 2023 )
	=	0.087	/	0.042
	=	2.07

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.

Ubiquitech Software Inventory Turnover Related Terms

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Ubiquitech Software (Ubiquitech Software) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Ubiquitech Software Corp (OTCPK:UBQU) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

3570 East 12th Avenue, Denver, CO, USA, 80206

Website

https://www.cannazall.com

Ubiquitech Software Corp is a United States-based multi-media, multi-faceted company. It is engaged in utilizing global internet marketing, direct response television, radio, and traditional marketing to drive traffic to the new industries. The company also focuses on developing Cannabidiol (CBD) Hemp derived products. It owns the proprietary CBD brand CannazALL. The company offers the products through its internally designed and operated web portal www.cannazall.com.

Executives

Young Yuen

director, 10 percent owner, officer: CEO/Pres/Secretary/Treasurer

7435 S. EASTERN AVENUE, SUITE 5, LAS VEGAS NV 89123