Smart Employee Benefits (TSXV:SEB) Inventory Turnover : 40.36 (As of Aug. 2022)

View and export this data going back to 2011. Start your Free Trial

What is Smart Employee Benefits 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. Smart Employee Benefits's Cost of Goods Sold for the three months ended in Aug. 2022 was C$10.49 Mil. Smart Employee Benefits's Average Total Inventories for the quarter that ended in Aug. 2022 was C$0.26 Mil. Smart Employee Benefits's Inventory Turnover for the quarter that ended in Aug. 2022 was 40.36.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Smart Employee Benefits's Days Inventory for the three months ended in Aug. 2022 was 2.26.

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. Smart Employee Benefits's Inventory-to-Revenue for the quarter that ended in Aug. 2022 was 0.02.

Smart Employee Benefits Inventory Turnover Historical Data

The historical data trend for Smart Employee Benefits'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.

Smart Employee Benefits Inventory Turnover Chart

Smart Employee Benefits Annual Data

Trend

Nov12

Nov13

Nov14

Nov15

Nov16

Nov17

Nov18

Nov19

Nov20

Nov21

Inventory Turnover

Get a 7-Day Free Trial

254.73

246.78

392.42

286.05

180.71

Smart Employee Benefits Quarterly Data
	Nov17	Feb18	May18	Aug18	Nov18	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22
Inventory Turnover	Get a 7-Day Free Trial															35.59	45.54	52.36	49.13	40.36

Smart Employee Benefits Inventory Turnover Calculation

Smart Employee Benefits's Inventory Turnover for the fiscal year that ended in Nov. 2021 is calculated as

	Inventory Turnover (A: Nov. 2021 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Nov. 2021 )	/ (	(Total Inventories (A: Nov. 2020 )	+	Total Inventories (A: Nov. 2021 ))	/	count )
=	39.757	/ (	(0.245	+	0.195)	/	2 )
=	39.757	/	0.22
=	180.71

Smart Employee Benefits's Inventory Turnover for the quarter that ended in Aug. 2022 is calculated as

	Inventory Turnover (Q: Aug. 2022 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Aug. 2022 )	/ (	(Total Inventories (Q: May. 2022 )	+	Total Inventories (Q: Aug. 2022 ))	/	count )
=	10.493	/ (	(0.235	+	0.285)	/	2 )
=	10.493	/	0.26
=	40.36

Smart Employee Benefits (TSXV:SEB) 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.

Smart Employee Benefits's Days Inventory for the three months ended in Aug. 2022 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Aug. 2022 )	/	Cost of Goods Sold (Q: Aug. 2022 )	*	Days in Period
	=	0.26	/	10.493	*	365 / 4
	=	2.26

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.

Smart Employee Benefits's Inventory to Revenue for the quarter that ended in Aug. 2022 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Aug. 2022 )	/	Revenue (Q: Aug. 2022 )
	=	0.26	/	15.99
	=	0.02

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.

Smart Employee Benefits Inventory Turnover Related Terms

Thank you for viewing the detailed overview of Smart Employee Benefits's Inventory Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Smart Employee Benefits (TSXV:SEB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Smart Employee Benefits Inc (TSXV:SEB) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

5500 Explorer Drive, 4th Floor, Mississauga, ON, CAN, L4W 5C7

Website

https://www.seb-inc.com

Smart Employee Benefits Inc is a Canadian technology company providing software-enabled services in the areas of healthcare transaction processing, software solutions, and professional services for corporate and government clients. The company's business segments are Benefits and Technology. Its Benefits segment provides software, solutions, services, and products focused on managing group benefit and wellness solutions and healthcare claims processing environments for corporate and government clients. The Technology segment provides solutions in the areas of supply change management, integration, and energy, as well as training and resource provisioning. It earns most of its revenue from the Technology segment.