Flexpoint Sensor Systems (Flexpoint Sensor Systems) Inventory Turnover : 0.00 (As of Dec. 2023)

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What is Flexpoint Sensor Systems 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. Flexpoint Sensor Systems's Cost of Goods Sold for the three months ended in Dec. 2023 was $0.01 Mil. Flexpoint Sensor Systems's Average Total Inventories for the quarter that ended in Dec. 2023 was $0.00 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Flexpoint Sensor Systems's Days Inventory for the three months ended in Dec. 2023 was 0.00.

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. Flexpoint Sensor Systems's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.00.

Flexpoint Sensor Systems Inventory Turnover Historical Data

The historical data trend for Flexpoint Sensor Systems'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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Flexpoint Sensor Systems Inventory Turnover Chart

Flexpoint Sensor Systems Annual Data

Trend

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Dec23

Inventory Turnover

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Flexpoint Sensor Systems Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															-	-	-	-	-

Flexpoint Sensor Systems Inventory Turnover Calculation

Flexpoint Sensor Systems'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 )
=	0.034	/ (	(0	+	0)	/	1 )
=	0.034	/	0
=	N/A

Flexpoint Sensor Systems's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

	Inventory Turnover (Q: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2023 )	/ (	(Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	0.012	/ (	(0	+	0)	/	1 )
=	0.012	/	0
=	N/A

Flexpoint Sensor Systems (OTCPK:FLXT) 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.

Flexpoint Sensor Systems's Days Inventory for the three months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	0	/	0.012	*	365 / 4
	=	0.00

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.

Flexpoint Sensor Systems's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	0	/	0.034
	=	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.

Flexpoint Sensor Systems Inventory Turnover Related Terms

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Flexpoint Sensor Systems (Flexpoint Sensor Systems) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Flexpoint Sensor Systems Inc (OTCPK:FLXT) » Definitions » Inventory Turnover

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Traded in Other Exchanges

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Address

5718 W Dannon Way, Suite B, West Jordan, UT, USA, 84081

Website

https://www.flexpoint.com

Flexpoint Sensor Systems Inc designs, manufactures and markets flexible Bend Sensor technology. The Bend Sensor is used for myriad applications, spanning multiple markets such as automotive and transportation, wearables, medical, industrial controls, consumer products, and toys/gaming. Its products include Bend Sensor, and USB Bend Sensor Kit.

Executives

Clark M Mower	director, officer: President, CEO	106 W. BUSINESS PARK DRIVE, DRAPER UT 84020
Thomas N Strong	officer: CFO/comptroller & Sec./Treas.	106 WEST BUSINESS PARK DRIVE, DRAPER UT 84020
Atkinson B Fred Jr	officer: Secretary/Treasurer	106 W. BUSINESS PARK DRIVE, DRAPER UT 84020
Gill Ruland J Jr	director	532 HERITAGE DRIVE, BOUNTIFUL UT 84010
John A Sindt	director	47 E 7200 SOUTH, #201, MIDVALE UT 84047
Donald E Shelley	other: Former Sec./Treas.	160 W 1200 S, DRAPER UT 84020
First Equity Holdings Corp	10 percent owner	2157 S LINCOLN ST, SALT LAKE CITY UT 84106