Tier One Capital LP (XCNQ:TLP.UN) Inventory Turnover : 0.00 (As of Mar. 2024)

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What is Tier One Capital LP 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. Tier One Capital LP's Cost of Goods Sold for the three months ended in Mar. 2024 was C$0.00 Mil. Tier One Capital LP's Average Total Inventories for the quarter that ended in Mar. 2024 was C$0.00 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

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. Tier One Capital LP's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.00.

Tier One Capital LP Inventory Turnover Historical Data

The historical data trend for Tier One Capital LP'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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Tier One Capital LP Inventory Turnover Chart

Tier One Capital LP Annual Data

Trend

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Dec23

Inventory Turnover

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Tier One Capital LP 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															-	-	-	-	-

Tier One Capital LP Inventory Turnover Calculation

Tier One Capital LP'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 )
=	0	/ (	(0	+	0)	/	1 )
=	0	/	0
=	N/A

Tier One Capital LP'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 )
=	0	/ (	(0	+	0)	/	1 )
=	0	/	0
=	N/A

Tier One Capital LP (XCNQ:TLP.UN) 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.

Tier One Capital LP'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	/	0	*	365 / 4
	=

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.

Tier One Capital LP'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	/	0.614
	=	0.00

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.

Tier One Capital LP Inventory Turnover Related Terms

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Tier One Capital LP (XCNQ:TLP.UN) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Tier One Capital LP (XCNQ:TLP.UN) » Definitions » Inventory Turnover

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Address

56 The Esplanade, Suite 503, Toronto, ON, CAN, M5E 1A7

Website

http://www.tier1capital.ca

Tier One Capital LP invests in the debt securities of eligible businesses which have the potential for long-term growth. It invests in different sectors such as Media Technology, Health Care Information Technology, Security Software and Services, Other Technology and Financial, and Energy.

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