GKPRF (Gatekeeper Systems) Inventory Turnover : 0.74 (As of May. 2024)

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What is Gatekeeper Systems Inventory Turnover?

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. Gatekeeper Systems's Cost of Goods Sold for the three months ended in May. 2024 was $2.73 Mil. Gatekeeper Systems's Average Total Inventories for the quarter that ended in May. 2024 was $3.67 Mil. Gatekeeper Systems's Inventory Turnover for the quarter that ended in May. 2024 was 0.74.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Gatekeeper Systems's Days Inventory for the three months ended in May. 2024 was 122.55.

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. Gatekeeper Systems's Inventory-to-Revenue for the quarter that ended in May. 2024 was 0.78.

Gatekeeper Systems Inventory Turnover Historical Data

The historical data trend for Gatekeeper Systems'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.

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Gatekeeper Systems Inventory Turnover Chart

Gatekeeper Systems Annual Data

Trend

Aug14

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Inventory Turnover

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5.87

4.75

2.46

1.61

2.07

Gatekeeper Systems Quarterly Data
	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24
Inventory Turnover	Get a 7-Day Free Trial															0.42	0.60	0.78	0.79	0.74

Gatekeeper Systems Inventory Turnover Calculation

Gatekeeper Systems's Inventory Turnover for the fiscal year that ended in Aug. 2023 is calculated as

	Inventory Turnover (A: Aug. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Aug. 2023 )	/ (	(Total Inventories (A: Aug. 2022 )	+	Total Inventories (A: Aug. 2023 ))	/	count )
=	11.357	/ (	(6.574	+	4.412)	/	2 )
=	11.357	/	5.493
=	2.07

Gatekeeper Systems's Inventory Turnover for the quarter that ended in May. 2024 is calculated as

	Inventory Turnover (Q: May. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: May. 2024 )	/ (	(Total Inventories (Q: Feb. 2024 )	+	Total Inventories (Q: May. 2024 ))	/	count )
=	2.73	/ (	(3.893	+	3.44)	/	2 )
=	2.73	/	3.6665
=	0.74

Gatekeeper Systems (OTCPK:GKPRF) 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.

Gatekeeper Systems's Days Inventory for the three months ended in May. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: May. 2024 )	/	Cost of Goods Sold (Q: May. 2024 )	*	Days in Period
	=	3.6665	/	2.73	*	365 / 4
	=	122.55

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.

Gatekeeper Systems's Inventory to Revenue for the quarter that ended in May. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: May. 2024 )	/	Revenue (Q: May. 2024 )
	=	3.6665	/	4.725
	=	0.78

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.

Gatekeeper Systems Inventory Turnover Related Terms

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Gatekeeper Systems Business Description

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GSI:Canada

Address

31127 Wheel Avenue, Suite 301, Abbotsford, BC, CAN, V2T 6H1

Website

https://www.gatekeeper-systems.com

Gatekeeper Systems Inc is a provider of intelligent video solutions designed to provide a safer transportation environment for children, passengers, and public safety personnel on multiple transportation modes. The company uses AI(Artificial intelligence), video analytics, and mobile data collectors to inter-connect public transit assets as part of intelligent transportation systems for Smart City initiatives. Some of its product categories include interior cameras, exterior cameras, dashboard cameras among others. Geographically, the company generates revenue from United States which is the key revenue generating market, and Canada.