SMRT (SmartRent) Inventory-to-Revenue : 1.01 (As of Dec. 2024)

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What is SmartRent Inventory-to-Revenue?

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. SmartRent's Average Total Inventories for the quarter that ended in Dec. 2024 was $35.6 Mil. SmartRent's Revenue for the three months ended in Dec. 2024 was $35.4 Mil. SmartRent's Inventory-to-Revenue for the quarter that ended in Dec. 2024 was 1.01.

SmartRent's Inventory-to-Revenue for the quarter that ended in Dec. 2024 increased from Sep. 2024 (0.87) to Sep. 2024 (1.01)

An increase in Inventory-to-Revenue from one quarter to the next indicates that one of the following is happening:

1. investment in inventory is growing more rapidly than revenue
2. revenue are dropping
No matter which situation is causing the problem, an increase in the Inventory-to-Revenue may signal an oncoming cash flow problem.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. SmartRent's Days Inventory for the three months ended in Dec. 2024 was 128.85.

Inventory Turnover measures how fast the company turns over its inventory within a year. SmartRent's Inventory Turnover for the quarter that ended in Dec. 2024 was 0.71.

SmartRent Inventory-to-Revenue Historical Data

The historical data trend for SmartRent's Inventory-to-Revenue 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.

SmartRent Inventory-to-Revenue Chart

SmartRent Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Dec24

Inventory-to-Revenue

0.34

0.23

0.33

0.25

0.22

SmartRent Quarterly Data
	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Inventory-to-Revenue	Get a 7-Day Free Trial													0.74	0.72	0.67	0.87	1.01

Competitive Comparison of SmartRent's Inventory-to-Revenue

For the Software - Application subindustry, SmartRent's Inventory-to-Revenue, along with its competitors' market caps and Inventory-to-Revenue data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

SmartRent's Inventory-to-Revenue Distribution in the Software Industry

For the Software industry and Technology sector, SmartRent's Inventory-to-Revenue distribution charts can be found below:

* The bar in red indicates where SmartRent's Inventory-to-Revenue falls into.

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SmartRent Inventory-to-Revenue Calculation

SmartRent's Inventory-to-Revenue for the fiscal year that ended in Dec. 2024 is calculated as

	Inventory-to-Revenue (A: Dec. 2024 )
=	Average Total Inventories					/	Revenue
=	( (Total Inventories (A: Dec. 2023 )	+	Total Inventories (A: Dec. 2024 ))	/	count )	/	Revenue (A: Dec. 2024 )
=	( (41.575	+	35.261)	/	2 )	/	174.885
=	38.418					/	174.885
=	0.22

SmartRent's Inventory-to-Revenue for the quarter that ended in Dec. 2024 is calculated as

	Inventory-to-Revenue (Q: Dec. 2024 )
=	Average Total Inventories					/	Revenue
=	( (Total Inventories (Q: Sep. 2024 )	+	Total Inventories (Q: Dec. 2024 ))	/	count )	/	Revenue (Q: Dec. 2024 )
=	( (35.948	+	35.261)	/	2 )	/	35.368
=	35.6045					/	35.368
=	1.01

SmartRent (NYSE:SMRT) Inventory-to-Revenue Explanation

An increase in Inventory-to-Revenue from one quarter to the next indicates that one of the following is happening:

Likewise, a decrease in the Inventory-to-Revenue from one quarter to next indicates that one of these is occurring:

1. investment in inventory is shrinking in relation to revenue
2. revenue are increasing
No matter which situation is causing the reduction in the Inventory-to-Revenue, either one suggests that business's inventory levels and its cash flow are effectively managed.

More Related Terms:

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

SmartRent's Days Inventory for the three months ended in Dec. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2024 )	/	Cost of Goods Sold (Q: Dec. 2024 )	*	Days in Period
	=	35.6045	/	25.215	*	365 / 4
	=	128.85

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

SmartRent's Inventory Turnover for the quarter that ended in Dec. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Dec. 2024 )	/	Average Total Inventories (Q: Dec. 2024 )
	=	25.215	/	35.6045
	=	0.71

SmartRent Inventory-to-Revenue Related Terms

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SmartRent Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » SmartRent Inc (NYSE:SMRT) » Definitions » Inventory-to-Revenue

Comparable Companies

Traded in Other Exchanges

N/A

Address

8665 East Hartford Drive, Suite 200, Scottsdale, AZ, USA, 85255

Website

https://www.smartrent.com

SmartRent Inc is an enterprise smart home and smart building technology platform for property owners, managers and residents. The SmartRent solution is designed to provide property managers with seamless visibility and control over all their assets while delivering cost savings and additional revenue opportunities through all-in-one home control offerings for residents. Geographical, it operates in the United States and International; majority revenue being generated from the United States.

Executives

John C Dorman	director	C/O LOANDEPOT, INC. ATTN GENERAL COUNSEL, 26642 TOWNE CENTRE DRIVE, FOOTHILL RANCH CA 90402
Kristen Morse Lee	officer: General Counsel	8665 E HARTFORD DRIVE SUITE 200, SCOTTSDALE AZ 85255
Robyn Young	officer: Chief Marketing Officer	8665 E HARTFORD DRIVE, SUITE 200, SCOTTSDALE AZ 855255
Alana Beard	director	6060 CENTER DRIVE 10TH FLOOR, LOS ANGELES CA 90045
Bruce C Strohm	director	C/O EQUITY RESIDENTIAL, TWO NORTH RIVERSIDE PLAZA, SUITE 400, CHICAGO IL 60606
Isaiah Derose-wilson	officer: Chief Technology Officer	18835 N. THOMPSON PEAK PARKWAY, SUITE 300, SCOTTSDALE AZ 85255
Robert T. Best	director	18835 N. THOMPSON PEAK PARKWAY, SUITE 300, SCOTTSDALE AZ 85255
Bain Capital Venture Fund 2019, L.p.	10 percent owner	200 CLARENDON STREET, BOSTON MA 02116
Christopher Jon Edmonds	officer: Chief Revenue Officer	18835 N. THOMPSON PEAK PARKWAY, SUITE 300, SCOTTSDALE AZ 85255
Demetrios Barnes	officer: Chief Operating Officer	18835 N. THOMPSON PEAK PARKWAY, SUITE 300, SCOTTSDALE AZ 85255
Mitch Karren	officer: Chief Product Officer	18835 N. THOMPSON PEAK PARKWAY, SUITE 300, SCOTTSDALE AZ 85255
Hiroshi Okamoto	officer: CFO	8665 E HARTFORD DRIVE, SUITE 200, SCOTTSDALE AZ 85255
John Hanson Helm	10 percent owner	C/O REAL ESTATE TECHNOLOGY VENTURES, 136 HEBER AVE, SUITE 304, PARK CITY UT 84060
Brian M Roberts	officer: Chief Legal Officer	18835 N. THOMPSON PEAK PARKWAY, SUITE 300 & 380, SCOTTSDALE AZ 85255
Jonathan Wolter	officer: Chief Financial Officer	1235 RADIO ROAD, SUITE 110, REDWOOD CITY CA 94065