Airiq (TSXV:IQ) Inventory-to-Revenue : 0.54 (As of Dec. 2023)

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What is Airiq 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. Airiq's Average Total Inventories for the quarter that ended in Dec. 2023 was C$0.65 Mil. Airiq's Revenue for the three months ended in Dec. 2023 was C$1.20 Mil. Airiq's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.54.

Airiq's Inventory-to-Revenue for the quarter that ended in Dec. 2023 increased from Sep. 2023 (0.47) to Sep. 2023 (0.54)

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. Airiq's Days Inventory for the three months ended in Dec. 2023 was 137.51.

Inventory Turnover measures how fast the company turns over its inventory within a year. Airiq's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.66.

Airiq Inventory-to-Revenue Historical Data

The historical data trend for Airiq'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.

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Airiq Inventory-to-Revenue Chart

Airiq Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Inventory-to-Revenue

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0.04

0.05

0.10

0.11

Airiq Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Inventory-to-Revenue	Get a 7-Day Free Trial															0.42	0.51	0.34	0.47	0.54

Competitive Comparison of Airiq's Inventory-to-Revenue

For the Software - Application subindustry, Airiq'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.

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

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

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

Airiq Inventory-to-Revenue Calculation

Airiq's Inventory-to-Revenue for the fiscal year that ended in Mar. 2023 is calculated as

	Inventory-to-Revenue (A: Mar. 2023 )
=	Average Total Inventories					/	Revenue
=	( (Total Inventories (A: Mar. 2022 )	+	Total Inventories (A: Mar. 2023 ))	/	count )	/	Revenue (A: Mar. 2023 )
=	( (0.515	+	0.639)	/	2 )	/	5.049
=	0.577					/	5.049
=	0.11

Airiq's Inventory-to-Revenue for the quarter that ended in Dec. 2023 is calculated as

	Inventory-to-Revenue (Q: Dec. 2023 )
=	Average Total Inventories					/	Revenue
=	( (Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Revenue (Q: Dec. 2023 )
=	( (0.716	+	0.58)	/	2 )	/	1.199
=	0.648					/	1.199
=	0.54

Airiq (TSXV:IQ) 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.

Airiq'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
	=	0.648	/	0.43	*	365 / 4
	=	137.51

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

Airiq's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Dec. 2023 )	/	Average Total Inventories (Q: Dec. 2023 )
	=	0.43	/	0.648
	=	0.66

Airiq Inventory-to-Revenue Related Terms

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Airiq (TSXV:IQ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Airiq Inc (TSXV:IQ) » Definitions » Inventory-to-Revenue

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AILQF:USA

Address

1099 Kingstone Road, Suite 207, Pickering, ON, CAN, L1V 1B5

Website

https://www.airiq.com

Airiq Inc is a pioneer in IoT-based asset management solutions. Its solutions allow commercial businesses to reliably, effectively and efficiently monitor assets in near real-time. The company develops iOS and Android mobile and web-based applications, and cloud-based solutions that are standalone or that can be readily integrated with existing software. Its solutions are mixed fleet capable and provide fleet reporting, maintenance, compliance, safety and analytics utilizing multiple hardware options including a fully integrated video telematics camera solution and a battery-powered solution for non-powered assets.

Executives

Bora Kwak

Senior Officer