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Table Trac (Table Trac) Inventory Turnover : 0.36 (As of Dec. 2023)


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What is Table Trac 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. Table Trac's Cost of Goods Sold for the three months ended in Dec. 2023 was $1.02 Mil. Table Trac's Average Total Inventories for the quarter that ended in Dec. 2023 was $2.84 Mil. Table Trac's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.36.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Table Trac's Days Inventory for the three months ended in Dec. 2023 was 253.76.

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. Table Trac's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.97.


Table Trac Inventory Turnover Historical Data

The historical data trend for Table Trac'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.

* Premium members only.

Table Trac Inventory Turnover Chart

Table Trac Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Inventory Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.43 0.71 1.14 2.61 1.09

Table Trac 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 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 0.58 0.26 0.32 0.19 0.36

Table Trac Inventory Turnover Calculation

Table Trac'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 )
=2.437 / ((1.56 + 2.904) / 2 )
=2.437 / 2.232
=1.09

Table Trac'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 )
=1.02 / ((2.769 + 2.904) / 2 )
=1.02 / 2.8365
=0.36

* 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.


Table Trac  (OTCPK:TBTC) 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.

Table Trac'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
=2.8365/1.02*365 / 4
=253.76

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.

Table Trac'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 )
=2.8365 / 2.912
=0.97

* 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.


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.


Table Trac Inventory Turnover Related Terms

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Table Trac (Table Trac) Business Description

Traded in Other Exchanges
N/A
Address
6101 Baker Road, Suite 206, Minnetonka, MN, USA, 55345
Table Trac Inc develops patented proprietary information and management systems that automate and monitor the operations of casino table game operations. It also provides technical support to the casinos. The company mainly operates in the United States, Australia, Japan, the Caribbean and countries in both Central and South America. It derives the majority of its revenues from system sales. The Company sells and leases systems and technical support to casinos. It has casino management systems, table games management systems, DataTrac, KioskTrac and ancillary products installed with on-going support and maintenance contracts.
Executives
William Martinez director 6101 BAKER RD, #206, MINNETONKA MN 55345
Thomas J Mertens director 6101 BAKER RD., #206, MINNETONKA MN 55345
Louis C Fornetti director 6101 BAKER ROAD, SUITE 206, MINNETONKA MN 55345
Randy Gilbert officer: Chief Financial Officer 2415 ANNAPOLIS LANE, SUITE 100, PLYMOUTH MN 55441
Gary L Loebig director 206 WILD BASIN ROAD, BLDG B 4TH FLOOR, AUSTIN TX 78746
Brian Hinchley officer: Chief Financial Officer 6101 BAKER ROAD, SUITE 206, MINNETONKA MN 55345
Chad B Hoehne director, officer: President and CEO 15612 HIGHWAY 7, SUITE 331, MINNETONKA MN 55345
Steven A Browne director 1960 NEWMAN, CARSON CITY NV 89703
Michael I Connolly director 7800 BELFORT PARKWAY, SUITE 165, JACKSONVILLE FL 32256
Robert Siqveland director, officer: Exec. Asst and Secretary 15612 HIGHWAY 7, SUITE 331, MINNETONKA MN 55345
Glenn Joseph Goulet director 10708 BULL RIDGE DRIVE, AUSTIN TX 78759
Scott E Smith director 10513 RIGBY DRIVE, EDEN PRAIRIE MN 55447

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