AATGF (ATI Airtest Technologies) Inventory Turnover: 1.55 (As of Sep. 2024)

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What is ATI Airtest Technologies Inventory Turnover?

ATI Airtest Technologies AATGF Inventory Turnover is 1.55 as of Sep. 2024.

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. ATI Airtest Technologies's Cost of Goods Sold for the three months ended in Sep. 2024 was $0.12 Mil. ATI Airtest Technologies's Average Total Inventories for the quarter that ended in Sep. 2024 was $0.08 Mil. ATI Airtest Technologies's Inventory Turnover for the quarter that ended in Sep. 2024 was 1.55.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. ATI Airtest Technologies's Days Inventory for the three months ended in Sep. 2024 was 58.82.

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. ATI Airtest Technologies's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 0.24.

ATI Airtest Technologies  (OTCPK:AATGF) 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.

ATI Airtest Technologies's Days Inventory for the three months ended in Sep. 2024 is calculated as:

Days Inventory =Average Total Inventories (Q: Sep. 2024 )/Cost of Goods Sold (Q: Sep. 2024 )*Days in Period
=0.078/0.121*365 / 4
=58.82

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.

ATI Airtest Technologies's Inventory to Revenue for the quarter that ended in Sep. 2024 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Sep. 2024 ) / Revenue (Q: Sep. 2024 )
=0.078 / 0.326
=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.

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.

ATI Airtest Technologies Inventory Turnover Related Terms

ATI Airtest Technologies Inventory Turnover Historical Data

* Premium members only.

The historical data trend for ATI Airtest 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.

ATI Airtest Technologies Inventory Turnover Chart

ATI Airtest Technologies Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Inventory Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 14.18 10.99 3.65 1.94 3.79

ATI Airtest Technologies Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Inventory Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.18 2.26 1.61 1.68 1.55

ATI Airtest Technologies Inventory Turnover Calculation

ATI Airtest Technologies's Inventory Turnover for the fiscal year that ended in Dec. 2023 is calculated as

Inventory Turnover (A: Dec. 2023 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (A: Dec. 2023 ) / ((Total Inventories (A: Dec. 2022 ) + Total Inventories (A: Dec. 2023 )) / count )
=1.534 / ((0.726 + 0.083) / 2 )
=1.534 / 0.4045
=3.79

ATI Airtest Technologies's Inventory Turnover for the quarter that ended in Sep. 2024 is calculated as

Inventory Turnover (Q: Sep. 2024 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (Q: Sep. 2024 ) / ((Total Inventories (Q: Jun. 2024 ) + Total Inventories (Q: Sep. 2024 )) / count )
=0.121 / ((0.08 + 0.076) / 2 )
=0.121 / 0.078
=1.55

* 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.

Frequently Asked Questions Learn more about Inventory Turnover →
What does a Inventory Turnover of 1.55 mean?
ATI Airtest Technologies (AATGF) has a Inventory Turnover of 1.55 as of Sep. 2024. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on ATI Airtest Technologies and its competitors.
Is ATI Airtest Technologies' Inventory Turnover too high?
ATI Airtest Technologies' current Inventory Turnover is 1.55.
How does ATI Airtest Technologies' Inventory Turnover compare to ETN and PH?
ATI Airtest Technologies' Inventory Turnover of 1.55 can be compared against companies in the Industrial Products industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Inventory Turnover for an Industrial Products company?
A good Inventory Turnover depends on the Industrial Products industry context. However, Inventory Turnover should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Inventory Turnover mean?
A high Inventory Turnover can signal that a stock is expensive relative to its fundamentals. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on ATI Airtest Technologies and its competitors. ATI Airtest Technologies's current Inventory Turnover is 1.55. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ATI Airtest Technologies stock overvalued right now?
ATI Airtest Technologies (AATGF) has a current Inventory Turnover of 1.55. The current Inventory Turnover is 1.55. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Inventory Turnover calculated?
Inventory Turnover is calculated from a company's financial statements. For ATI Airtest Technologies (AATGF), the current Inventory Turnover is 1.55 as of Sep. 2024. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

ATI Airtest Technologies Business Description

Address 1520 Cliveden Avenue, Unit 9, Delta, BC, CAN, V3M 6J8
ATI Airtest Technologies Inc is engaged in the manufacturing and selling of air testing equipment and related services in Canada and the United States. Its product offering includes WiFi Transmitters, Portables/Data Logging, EnOcean Transmitters, CO2 Demand Controlled Ventilation, Parking Garage Ventilation, Air Velocity, Agriculture, Gases For Health and Safety, Industrial Dew Point, Industrial Humidity and Temp, Moisture In Oil and Calibration.