IBKKF (iMining Technologies) Inventory Turnover: 0.00 (As of Feb. 2022)


What is iMining Technologies Inventory Turnover?

iMining Technologies IBKKF Inventory Turnover is 0.00 as of Feb. 2022.

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. iMining Technologies's Cost of Goods Sold for the three months ended in Feb. 2022 was $0.00 Mil. iMining Technologies's Average Total Inventories for the quarter that ended in Feb. 2022 was $0.40 Mil. iMining Technologies's Inventory Turnover for the quarter that ended in Feb. 2022 was 0.00.

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

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.

iMining Technologies  (OTCPK:IBKKF) 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.

iMining Technologies's Days Inventory for the three months ended in Feb. 2022 is calculated as:

Days Inventory =Average Total Inventories (Q: Feb. 2022 )/Cost of Goods Sold (Q: Feb. 2022 )*Days in Period
=0.402/0*365 / 4
=

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.

iMining Technologies's Inventory to Revenue for the quarter that ended in Feb. 2022 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Feb. 2022 ) / Revenue (Q: Feb. 2022 )
=0.402 / -0.192
=

* 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.

iMining Technologies Inventory Turnover Related Terms

iMining Technologies Inventory Turnover Historical Data

* Premium members only.

The historical data trend for iMining 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.

iMining Technologies Inventory Turnover Chart

iMining Technologies Annual Data
Trend May12 May13 May14 May15 May16 May17 May18 May19 May20 May21
Inventory Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 3.35 96.83 0.00 0.00

iMining Technologies Quarterly Data
May17 Aug17 Nov17 Feb18 May18 Aug18 Nov18 Feb19 May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22
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

iMining Technologies Inventory Turnover Calculation

iMining Technologies's Inventory Turnover for the fiscal year that ended in May. 2021 is calculated as

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

iMining Technologies's Inventory Turnover for the quarter that ended in Feb. 2022 is calculated as

Inventory Turnover (Q: Feb. 2022 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (Q: Feb. 2022 ) / ((Total Inventories (Q: Nov. 2021 ) + Total Inventories (Q: Feb. 2022 )) / count )
=0 / ((0.341 + 0.463) / 2 )
=0 / 0.402
=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.

Frequently Asked Questions Learn more about Inventory Turnover →
What does a Inventory Turnover of 0.00 mean?
iMining Technologies (IBKKF) has a Inventory Turnover of 0.00 as of Feb. 2022. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on iMining Technologies and its competitors.
Is iMining Technologies' Inventory Turnover too high?
iMining Technologies' current Inventory Turnover is 0.00.
How does iMining Technologies' Inventory Turnover compare to FDCT and SYSX?
iMining Technologies' Inventory Turnover of 0.00 can be compared against companies in the Capital Markets 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 Capital Markets company?
A good Inventory Turnover depends on the Capital Markets 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 iMining Technologies and its competitors. iMining Technologies'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 iMining Technologies stock overvalued right now?
iMining Technologies (IBKKF) has a current Inventory Turnover of 0.00. The current Inventory Turnover is 0.00. 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 iMining Technologies (IBKKF), the current Inventory Turnover is 0.00 as of Feb. 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.

iMining Technologies Business Description

Address 750 - 580 Hornby Street, Vancouver, BC, CAN, V6C 3B6
iMining Technologies Inc is engaged in cryptocurrency and blockchain space by mining cryptocurrencies and providing infrastructure and power to its colocation clients. The company aims to give investors exposure to the digital currency revolution and blockchain space.