Iveda Solutions (Iveda Solutions) Inventory Turnover : 0.40 (As of Mar. 2024)

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What is Iveda Solutions 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. Iveda Solutions's Cost of Goods Sold for the three months ended in Mar. 2024 was $0.17 Mil. Iveda Solutions's Average Total Inventories for the quarter that ended in Mar. 2024 was $0.41 Mil. Iveda Solutions's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.40.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Iveda Solutions's Days Inventory for the three months ended in Mar. 2024 was 225.36.

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. Iveda Solutions's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 1.17.

Iveda Solutions Inventory Turnover Historical Data

The historical data trend for Iveda Solutions'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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Iveda Solutions Inventory Turnover Chart

Iveda Solutions Annual Data

Trend

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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8.46

4.97

3.83

8.05

12.76

Iveda Solutions Quarterly Data
	Jun15	Sep15	Dec15	Mar16	Jun16	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial															3.76	6.09	1.84	2.14	0.40

Iveda Solutions Inventory Turnover Calculation

Iveda Solutions'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 )
=	5.428	/ (	(0.526	+	0.325)	/	2 )
=	5.428	/	0.4255
=	12.76

Iveda Solutions's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

	Inventory Turnover (Q: Mar. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2024 )	/ (	(Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )
=	0.165	/ (	(0.325	+	0.49)	/	2 )
=	0.165	/	0.4075
=	0.40

Iveda Solutions (NAS:IVDAW) 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.

Iveda Solutions's Days Inventory for the three months ended in Mar. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2024 )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
	=	0.4075	/	0.165	*	365 / 4
	=	225.36

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.

Iveda Solutions's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	0.4075	/	0.347
	=	1.17

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.

Iveda Solutions Inventory Turnover Related Terms

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Iveda Solutions (Iveda Solutions) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Iveda Solutions Inc (NAS:IVDAW) » Definitions » Inventory Turnover

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IVDA:USA

Address

1744 S Val Vista, Suite 213, Mesa, AZ, USA, 85204

Website

https://www.iveda.com

Iveda Solutions Inc is engaged in offering real-time IP video surveillance technologies. The company provides IoT sensors and devices for various applications such as energy management, smart home, smart building, smart community, and patients and eldercare. Its IvedaAI provides AI functions to IP cameras and network video recorders and video management systems. The group has a business presence in the U.S. and the Republic of China (Taiwan), from which key revenue is derived from the Republic of China (Taiwan).