Samsara Luggage (Samsara Luggage) Inventory Turnover : 0.07 (As of Dec. 2023)

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What is Samsara Luggage 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. Samsara Luggage's Cost of Goods Sold for the three months ended in Dec. 2023 was $0.01 Mil. Samsara Luggage's Average Total Inventories for the quarter that ended in Dec. 2023 was $0.07 Mil. Samsara Luggage's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.07.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Samsara Luggage's Days Inventory for the three months ended in Dec. 2023 was 1,314.00.

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. Samsara Luggage's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 24.00.

Samsara Luggage Inventory Turnover Historical Data

The historical data trend for Samsara Luggage'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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Samsara Luggage Inventory Turnover Chart

Samsara Luggage Annual Data

Trend

Jul14

Jul15

Jul16

Jul17

Jul18

Jul19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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1.86

2.37

6.60

1.34

Samsara Luggage Quarterly Data
	Jan19	Apr19	Jul19	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															3.14	0.98	0.36	0.23	0.07

Samsara Luggage Inventory Turnover Calculation

Samsara Luggage'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 )
=	0.208	/ (	(0.155	+	0)	/	1 )
=	0.208	/	0.155
=	1.34

Samsara Luggage'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 )
=	0.005	/ (	(0.072	+	0)	/	1 )
=	0.005	/	0.072
=	0.07

Samsara Luggage (OTCPK:SAML) 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.

Samsara Luggage'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
	=	0.072	/	0.005	*	365 / 4
	=	1,314.00

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.

Samsara Luggage'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 )
	=	0.072	/	0.003
	=	24.00

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.

Samsara Luggage Inventory Turnover Related Terms

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Samsara Luggage (Samsara Luggage) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Samsara Luggage Inc (OTCPK:SAML) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

135 East 57th Street, Suite 18-130, New York, NY, USA, 10022

Website

https://www.samsaraluggage.com

Samsara Luggage Inc designs manufactures and sells high-quality luggage products to meet the evolving needs of travelers. The company generates revenues through the sale and distribution of smart luggage products.

Executives

Atara Dzikowski	director, 10 percent owner, officer: Chief Executive Officer	YITZCHAK RABIN STREET 16, KIRYAT ONO L3 5551021
David Dahan	director, 10 percent owner, officer: Chief Technical Officer	YITZCHAK RABIN STREET 16, KIRYAT ONO L3 5551021
Chizkiyahu Lapin	director	5 ARIEL STREET, JERUSALEM L3 000000
Avraham Bengio	director, 10 percent owner, officer: See Remarks	7 ELIEZRI STREET, JERUSALEUM L3 00000
Israel Chaim Povarksy	director, officer: Secretary	17 AGRIPPAS STREET, JERUSALEM L3 00000