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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. ImageWare Systems's Cost of Goods Sold for the three months ended in Mar. 2022 was $0.13 Mil. ImageWare Systems's Average Total Inventories for the quarter that ended in Mar. 2022 was $0.02 Mil. ImageWare Systems's Inventory Turnover for the quarter that ended in Mar. 2022 was 5.39.
Days Inventory indicates the number of days of goods in sales that a company has in the inventory. ImageWare Systems's Days Inventory for the three months ended in Mar. 2022 was 16.94.
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. ImageWare Systems's Inventory-to-Revenue for the quarter that ended in Mar. 2022 was 0.03.
The historical data trend for ImageWare 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.
ImageWare Systems Annual Data | |||||||||||||||||||||
Trend | Dec12 | Dec13 | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | |||||||||||
Inventory Turnover | Get a 7-Day Free Trial | 19.43 | 16.22 | 2.00 | 3.81 | 20.55 |
ImageWare Systems Quarterly Data | ||||||||||||||||||||
Jun17 | Sep17 | Dec17 | Mar18 | Jun18 | Sep18 | Dec18 | Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | |
Inventory Turnover | Get a 7-Day Free Trial | 1.86 | 1.81 | 2.14 | 4.69 | 5.39 |
ImageWare Systems'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 ) |
= | 0.668 | / ( | (0.04 | + | 0.025) | / | 2 ) |
= | 0.668 | / | 0.0325 | ||||
= | 20.55 |
ImageWare Systems's Inventory Turnover for the quarter that ended in Mar. 2022 is calculated as
Inventory Turnover (Q: Mar. 2022 ) | |||||||
= | Cost of Goods Sold | / | Average Total Inventories | ||||
= | Cost of Goods Sold (Q: Mar. 2022 ) | / ( | (Total Inventories (Q: Dec. 2021 ) | + | Total Inventories (Q: Mar. 2022 )) | / | count ) |
= | 0.132 | / ( | (0.025 | + | 0.024) | / | 2 ) |
= | 0.132 | / | 0.0245 | ||||
= | 5.39 |
* 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.
ImageWare Systems (OTCPK:IWSY) 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.
ImageWare Systems's Days Inventory for the three months ended in Mar. 2022 is calculated as:
Days Inventory | = | Average Total Inventories (Q: Mar. 2022 ) | / | Cost of Goods Sold (Q: Mar. 2022 ) | * | Days in Period |
= | 0.0245 | / | 0.132 | * | 365 / 4 | |
= | 16.94 |
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.
ImageWare Systems's Inventory to Revenue for the quarter that ended in Mar. 2022 is calculated as
Inventory-to-Revenue | = | Average Total Inventories (Q: Mar. 2022 ) | / | Revenue (Q: Mar. 2022 ) |
= | 0.0245 | / | 0.845 | |
= | 0.03 |
* 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.
Thank you for viewing the detailed overview of ImageWare Systems's Inventory Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.
Neal I Goldman | 10 percent owner | 170 SOUTHPORT DRIVE, MORRISVILLE NC 27560 |
James W Sight | director | 712 FIFTH AVENUE, C/O GRIFFON CORPORATION, NEW YORK NY 100194108 |
Douglas J Morgan | director | 561 KEYSTONE AVE #330, RENO NV 89503 |
Lauren C Anderson | director | C/O IMAGEWARE SYSTEMS INC., 13500 EVENING CREEK DRIVE N STE 550, SAN DIEGO CA 92128 |
Jay B Lewis | officer: SVP and CFO | 9503 SILVER SPUR LN, HIGHLANDS RANCH CO 80130 |
James M Demitrieus | director | 13500 EVENING CREEK DRIVE N., SUITE 550, SAN DIEGO CA 92128 |
Benjamin C. Smeal | director | 2221 OLYMPIC BLVD., WALNUT CREEK CA 94561 |
Nantahala Capital Partners Ii Limited Partnership | 10 percent owner | 130 MAIN ST, 2ND FLOOR, NEW CANAAN CT 06840 |
Nantahala Capital Management, Llc | 10 percent owner | 130 MAIN ST., 2ND FLOOR, NEW CANAAN CT 06840 |
Wilmot B. Harkey | 10 percent owner | C/O NANTAHALA CAPITAL MANAGEMENT, LLC, 130 MAIN ST. 2ND FLOOR, NEW CANAAN CT 06840 |
Daniel Mack | 10 percent owner | C/O NANTAHALA CAPITAL MANAGEMENT, LLC, 130 MAIN ST. 2ND FLOOR, NEW CANAAN CT 06840 |
Jonathan D Morris | officer: CFO | C/O IMAGEWARE SYSTEMS, INC., 13500 EVENING CREEK DRIVE N SUITE 550, SAN DIEGO CA 92128 |
Kristin Taylor | officer: PRESIDENT & CEO | 13500 EVENING CREEK DRIVE N, SUITE 550, SAN DIEGO CA 92128 |
S James Miller | director, officer: COB & CEO | 10815 RANCHO BERNARDO RD.,, SUITE 310, SAN DIEGO CA 92127 |
David E. Harding | officer: CHIEF TECHNICAL OFFICER | 10815 RANCHO BERNARDO ROAD, SUITE 310, SAN DIEGO CA 92127 |
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