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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. Wrap Technologies's Cost of Goods Sold for the three months ended in Sep. 2023 was $1.45 Mil. Wrap Technologies's Average Total Inventories for the quarter that ended in Sep. 2023 was $6.17 Mil. Wrap Technologies's Inventory Turnover for the quarter that ended in Sep. 2023 was 0.24.
Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Wrap Technologies's Days Inventory for the three months ended in Sep. 2023 was 387.09.
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. Wrap Technologies's Inventory-to-Revenue for the quarter that ended in Sep. 2023 was 1.70.
The historical data trend for Wrap Technologies'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.
Wrap Technologies Annual Data | ||||||||||||||||
Trend | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | |||||||||
Inventory Turnover | Get a 7-Day Free Trial | 0.12 | 0.35 | 1.06 | 2.72 | 1.56 |
Wrap Technologies Quarterly Data | ||||||||||||||||||||
Dec18 | Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | |
Inventory Turnover | Get a 7-Day Free Trial | 0.32 | 0.54 | 0.07 | 0.09 | 0.24 |
Wrap Technologies's Inventory Turnover for the fiscal year that ended in Dec. 2022 is calculated as
Inventory Turnover (A: Dec. 2022 ) | |||||||
= | Cost of Goods Sold | / | Average Total Inventories | ||||
= | Cost of Goods Sold (A: Dec. 2022 ) | / ( | (Total Inventories (A: Dec. 2021 ) | + | Total Inventories (A: Dec. 2022 )) | / | count ) |
= | 4.315 | / ( | (1.566 | + | 3.975) | / | 2 ) |
= | 4.315 | / | 2.7705 | ||||
= | 1.56 |
Wrap Technologies's Inventory Turnover for the quarter that ended in Sep. 2023 is calculated as
Inventory Turnover (Q: Sep. 2023 ) | |||||||
= | Cost of Goods Sold | / | Average Total Inventories | ||||
= | Cost of Goods Sold (Q: Sep. 2023 ) | / ( | (Total Inventories (Q: Jun. 2023 ) | + | Total Inventories (Q: Sep. 2023 )) | / | count ) |
= | 1.454 | / ( | (6.52 | + | 5.816) | / | 2 ) |
= | 1.454 | / | 6.168 | ||||
= | 0.24 |
* 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.
Wrap Technologies (NAS:WRAP) 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.
Wrap Technologies's Days Inventory for the three months ended in Sep. 2023 is calculated as:
Days Inventory | = | Average Total Inventories (Q: Sep. 2023 ) | / | Cost of Goods Sold (Q: Sep. 2023 ) | * | Days in Period |
= | 6.168 | / | 1.454 | * | 365 / 4 | |
= | 387.09 |
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.
Wrap Technologies's Inventory to Revenue for the quarter that ended in Sep. 2023 is calculated as
Inventory-to-Revenue | = | Average Total Inventories (Q: Sep. 2023 ) | / | Revenue (Q: Sep. 2023 ) |
= | 6.168 | / | 3.631 | |
= | 1.70 |
* 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.
Thank you for viewing the detailed overview of Wrap Technologies's Inventory Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.
Timothy Szymanski | director | C/O WRAP TECHNOLOGIES, INC., 1817 W 4TH STREET, TEMPE AZ 85281 |
Rajiv Srinivasan | director | C/O WRAP TECHNOLOGIES, INC., 1817 W 4TH STREET, TEMPE AZ 85281 |
Kevin W Mullins | officer: PRESIDENT | C/O WRAP TECHNOLOGIES, INC., 1817 W 4TH STREET, TEMPE AZ 85281 |
Christopher James Dealmeida | officer: Chief Financial Officer | 1817 W 4TH STREET, TEMPE AZ 85281 |
Elwood G Norris | 10 percent owner | 13771 DANIELSON STREET, STE. L, POWAY CA 92064 |
Bruce Bernstein | director | 780 THIRD AVENUE, 12TH FLOOR, NEW YORK NY 10017 |
Marc Savas | director | 8033 SUNSET BLVD., BOX 873, LOS ANGELES CA 90046 |
Tj Kennedy | director | 400 S 4TH ST, STE. 401-412, MINNEAPOLIS MN 55415 |
Scot Cohen | director, officer: Executive Chairman, Secretary | 20 EAST 20TH ST., APT. 6, NEW YORK NY 10003 |
Kevin Charles Sherman | director | 1730 BLAKE ST STE 305, DENVER CO 80202 |
Glenn M Hickman | officer: CHIEF OPERATING OFFICER | C/O WRAP TECHNOLOGIES, 1817 W 4TH STREET, TEMPE AZ 85281 |
Varner Leo William Jr. | officer: INTERIM CEO | 400 GALLERIA PKWY SE, SUITE 1760, ATLANTA GA 30339 |
James A Barnes | director, officer: President and CFO | 13771 DANIELSON STREET, STE. L, POWAY CA 92064 |
Thomas P Smith | officer: PRESIDENT | 7860 EAST MCCLAIN DRIVE SUITE E, SCOTTSDALE AZ 85260-1627 |
David G Norris | director, officer: President | C/O TREE.COM, INC., 11115 RUSHMORE DRIVE, CHARLOTTE NC 28277 |
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