Quality Industrial (Quality Industrial) Change In Inventory : $0.00 Mil (TTM As of Jun. 2023)

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What is Quality Industrial Change In Inventory?

Quality Industrial's change in inventory for the quarter that ended in Jun. 2023 was $0.00 Mil. It means Quality Industrial's inventory stayed the same from Mar. 2023 to Jun. 2023 .

Quality Industrial's change in inventory for the fiscal year that ended in Dec. 2022 was $0.00 Mil. It means Quality Industrial's inventory stayed the same from Dec. 2021 to Dec. 2022 .

Quality Industrial's Total Inventories for the quarter that ended in Jun. 2023 was $41.51 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Quality Industrial's Days Inventory for the quarter that ended in Jun. 2023 was 291.66.

Inventory Turnover measures how fast the company turns over its inventory within a year. Quality Industrial's Inventory Turnover for the quarter that ended in Jun. 2023 was 0.31.

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. Quality Industrial's Inventory-to-Revenue for the quarter that ended in Jun. 2023 was 2.02.

Quality Industrial Change In Inventory Historical Data

The historical data trend for Quality Industrial's Change In Inventory 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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Quality Industrial Change In Inventory Chart

Quality Industrial Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Change In Inventory

Quality Industrial Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23
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Quality Industrial Change In Inventory Calculation

Change In Inventory is the difference between last period's ending inventory and the current period's ending inventory.

Change In Inventory for the trailing twelve months (TTM) ended in Jun. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $0.00 Mil.

Quality Industrial (OTCPK:QIND) Change In Inventory Explanation

1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Quality Industrial's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	43.668	/	13.662	*	365 / 4
	=	291.66

2. Inventory Turnover measures how fast the company turns over its inventory within a year.

Quality Industrial's Inventory Turnover for the quarter that ended in Jun. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	13.662	/	43.668
	=	0.31

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.

Quality Industrial's Inventory to Revenue for the quarter that ended in Jun. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	43.668	/	21.602
	=	2.02

Quality Industrial Change In Inventory Related Terms

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Quality Industrial (Quality Industrial) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Quality Industrial Corp (OTCPK:QIND) » Definitions » Change In Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

315 Montgomery Street, San Francisco, CA, USA, 94104

Website

https://www.qualityindustrialcorp.com

Quality Industrial Corp is engaged in the manufacture and assembly of industrial equipment and precision engineered technology for the Industrial, Oil & Gas, and Utility sectors.

Executives

Terje Aarbogh	10 percent owner	315 MONTGOMERY STREET, SAN FRANCISCO CA 94104
John-paul Backwell	officer: Chief Executive Officer	26 BROADWAY, SUITE 934, NEW YORK NY 10004
Louise Bennett	officer: Chief Operations Officer	26 BROADWAY, SUITE 934, NEW YORK NY 10004
Nicolas Link	director, 10 percent owner	26 BROADWAY, SUITE 934, NEW YORK NY 10004
Krishnan Krishnamoorthy	officer: Chief Financial Officer	26 BROADWAY, SUITE 934, NEW YORK NY 10004
Paul Quintal	director	315 MONTGOMERY STREET, SAN FRANCISCO CA 94104
Rasmus Refer	10 percent owner	315 MONTGOMERY STREET, SAN FRANCISCO CA 94104
Carsten Falk	officer: CEO	315 MONTGOMERY STREET, SAN FRANCISCO CA 94104