Eonx Technologies (XCNQ:EONX) Inventory Turnover : 1.26 (As of Mar. 2024)

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What is Eonx 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. Eonx Technologies's Cost of Goods Sold for the three months ended in Mar. 2024 was C$1.02 Mil. Eonx Technologies's Average Total Inventories for the quarter that ended in Mar. 2024 was C$0.81 Mil. Eonx Technologies's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.26.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Eonx Technologies's Days Inventory for the three months ended in Mar. 2024 was 72.65.

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. Eonx Technologies's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.22.

Eonx Technologies Inventory Turnover Historical Data

The historical data trend for Eonx 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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Eonx Technologies Inventory Turnover Chart

Eonx Technologies Annual Data

Trend

Jun20

Jun21

Jun22

Jun23

Inventory Turnover

0.67

Eonx Technologies Quarterly Data
	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												-	0.71	3.34	2.20	1.26

Eonx Technologies Inventory Turnover Calculation

Eonx Technologies's Inventory Turnover for the fiscal year that ended in Jun. 2023 is calculated as

	Inventory Turnover (A: Jun. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Jun. 2023 )	/ (	(Total Inventories (A: Jun. 2022 )	+	Total Inventories (A: Jun. 2023 ))	/	count )
=	0.966	/ (	(1.741	+	1.152)	/	2 )
=	0.966	/	1.4465
=	0.67

Eonx 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 )
=	1.018	/ (	(0.954	+	0.667)	/	2 )
=	1.018	/	0.8105
=	1.26

Eonx Technologies (XCNQ:EONX) 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.

Eonx 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
	=	0.8105	/	1.018	*	365 / 4
	=	72.65

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.

Eonx 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 )
	=	0.8105	/	3.636
	=	0.22

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.

Eonx Technologies Inventory Turnover Related Terms

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Eonx Technologies Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Eonx Technologies Inc (XCNQ:EONX) » Definitions » Inventory Turnover

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EONXF:USA

Address

1183 Toorak Road, Camberwell, VIC, AUS, 3124

Website

https://www.eonx.com

Eonx Technologies Inc is a financial technology company. The company is engaged in developing and marketing a suite of financial technology products including the payment processor, e-wallets, identity and security for Know Your Customer (KYC) and Anti Money Laundering (AML), loyalty points solutions, and an e-commerce store.

Executives

Accelerative Investments Pty Ltd

Director

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