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Mitek Systems Inventory Turnover

: 0.00 (As of Dec. 2020)
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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. Mitek Systems's Cost of Goods Sold for the three months ended in Dec. 2020 was $4.1 Mil. Mitek Systems's Total Inventories for the quarter that ended in Dec. 2020 was $0.0 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Mitek Systems's Days Inventory for the three months ended in Dec. 2020 was 0.00.

Total Inventories can be measured by Days Sales of Inventory (DSI). Mitek Systems's days sales of inventory (DSI) for the three months ended in Dec. 2020 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. Mitek Systems's Inventory-to-Revenue for the quarter that ended in Dec. 2020 was 0.00.

Mitek Systems Inventory Turnover Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are indicated in the company's associated stock exchange currency.

* Premium members only.

Mitek Systems Annual Data
Sep11 Sep12 Sep13 Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20
Inventory Turnover Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 0.00

Mitek Systems Quarterly Data
Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20
Inventory Turnover Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 0.00

Mitek Systems Inventory Turnover Calculation

Mitek Systems's Inventory Turnover for the fiscal year that ended in Sep. 2020 is calculated as

Inventory Turnover (A: Sep. 2020 )
=Cost of Goods Sold / Total Inventories
=Cost of Goods Sold (A: Sep. 2020 ) / ((Total Inventories (A: Sep. 2019 ) + Total Inventories (A: Sep. 2020 )) / count )
=13.192 / ((0 + 0) / 1 )
=13.192 / 0
=N/A

Mitek Systems's Inventory Turnover for the quarter that ended in Dec. 2020 is calculated as

Inventory Turnover (Q: Dec. 2020 )
=Cost of Goods Sold / Total Inventories
=Cost of Goods Sold (Q: Dec. 2020 ) / ((Total Inventories (Q: Sep. 2020 ) + Total Inventories (Q: Dec. 2020 )) / count )
=4.138 / ((0 + 0) / 1 )
=4.138 / 0
=N/A

* All numbers are in millions except for per share data and ratio. All numbers are indicated in the company's associated stock exchange currency.

Mitek Systems  (NAS:MITK) 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.

Mitek Systems's Days Inventory for the three months ended in Dec. 2020 is calculated as:

Days Inventory =Total Inventories (Q: Dec. 2020 )/Cost of Goods Sold (Q: Dec. 2020 )*Days in Period
=0/4.138*365 / 4
=0.00

2. Total Inventories can be measured by Days Sales of Inventory (DSI).

Mitek Systems's Days Sales of Inventory for the three months ended in Dec. 2020 is calculated as:

Days Sales of Inventory (DSI)=Total Inventories (Q: Dec. 2020 )/Revenue (Q: Dec. 2020 )*Days in Period
=0/25.976*365 / 4
=0.00

3. 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.

Mitek Systems's Inventory to Revenue for the quarter that ended in Dec. 2020 is calculated as

Inventory-to-Revenue=Total Inventories (Q: Dec. 2020 ) / Revenue (Q: Dec. 2020 )
=0 / 25.976
=0.00

* All numbers are in millions except for per share data and ratio. All numbers are indicated in the company's associated stock exchange currency.

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.

Mitek Systems Inventory Turnover Related Terms

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