HYREQ (HyreCar) Inventory Turnover: 0.00 (As of Sep. 2022)

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HYREQ HyreCar Inc HYREQ
12 GF Score
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What is HyreCar Inventory Turnover?

HyreCar HYREQ -90.00% 12 Inventory Turnover is 0.00 as of Sep. 2022. GuruFocus rates HYREQ with a GF Score™ of 12/100.

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. HyreCar's Cost of Goods Sold for the three months ended in Sep. 2022 was $6.42 Mil. HyreCar's Average Total Inventories for the quarter that ended in Sep. 2022 was $0.00 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. HyreCar's Days Inventory for the three months ended in Sep. 2022 was 0.00.

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. HyreCar's Inventory-to-Revenue for the quarter that ended in Sep. 2022 was 0.00.

HyreCar  (OTCPK:HYREQ) 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.

HyreCar's Days Inventory for the three months ended in Sep. 2022 is calculated as:

Days Inventory =Average Total Inventories (Q: Sep. 2022 )/Cost of Goods Sold (Q: Sep. 2022 )*Days in Period
=0/6.424*365 / 4
=0.00

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.

HyreCar's Inventory to Revenue for the quarter that ended in Sep. 2022 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Sep. 2022 ) / Revenue (Q: Sep. 2022 )
=0 / 10.272
=0.00

* 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.

HyreCar Inventory Turnover Related Terms

HyreCar Inventory Turnover Historical Data

* Premium members only.

The historical data trend for HyreCar'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.

HyreCar Inventory Turnover Chart

HyreCar Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21
Inventory Turnover
Get a 7-Day Free Trial 0.00 0.00 0.00 0.00 0.00

HyreCar Quarterly Data
Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22
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 0.00 0.00 0.00 0.00 0.00
HYREQ
12GF Score
HyreCar Inc HYREQ
Inventory Turnover is just one metric. See GF Score™, valuation, warning signs, and more.
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HyreCar Inventory Turnover Calculation

HyreCar's Inventory Turnover for the fiscal year that ended in Dec. 2021 is calculated as

Inventory Turnover (A: Dec. 2021 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (A: Dec. 2021 ) / ((Total Inventories (A: Dec. 2020 ) + Total Inventories (A: Dec. 2021 )) / count )
=25.943 / ((0 + 0) / 1 )
=25.943 / 0
=N/A

HyreCar's Inventory Turnover for the quarter that ended in Sep. 2022 is calculated as

Inventory Turnover (Q: Sep. 2022 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (Q: Sep. 2022 ) / ((Total Inventories (Q: Jun. 2022 ) + Total Inventories (Q: Sep. 2022 )) / count )
=6.424 / ((0 + 0) / 1 )
=6.424 / 0
=N/A

* 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 0.00 mean?
HyreCar (HYREQ) has a Inventory Turnover of 0.00 as of Sep. 2022. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on HyreCar and its competitors.
Is HyreCar's Inventory Turnover too high?
HyreCar's current Inventory Turnover is 0.00. Overall, HyreCar has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does HyreCar's Inventory Turnover compare to MTMT and FPAY?
HyreCar's Inventory Turnover of 0.00 can be compared against companies in the Business Services 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 a Business Services company?
A good Inventory Turnover depends on the Business Services 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 HyreCar and its competitors. HyreCar's current Inventory Turnover is 0.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is HyreCar stock overvalued right now?
HyreCar (HYREQ) has a current Inventory Turnover of 0.00. The current Inventory Turnover is 0.00. HyreCar's overall GF Score™ is 12/100. 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 HyreCar (HYREQ), the current Inventory Turnover is 0.00 as of Sep. 2022. 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.

HyreCar Business Description

Address 915 Wilshire Boulevard, Suite 1950, Los Angeles, CA, USA, 90017
HyreCar Inc is a peer-to-peer car-sharing marketplace that allows car owners to rent their idle cars to ride-sharing service drivers. The company generates its revenue in the form of transaction fees, insurance fee, and from other sources such as referrals, motor vehicle record fees, late rental fees, and other fees charged to drivers in specific situations. It operates in a single segment, which is Rental.
12GF Score

Get the complete analysis for HYREQ

Inventory Turnover is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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