Karbon-X (Karbon-X) Inventory Turnover : 0.00 (As of Feb. 2024)

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What is Karbon-X 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. Karbon-X's Cost of Goods Sold for the three months ended in Feb. 2024 was $0.22 Mil. Karbon-X's Average Total Inventories for the quarter that ended in Feb. 2024 was $0.00 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Karbon-X's Days Inventory for the three months ended in Feb. 2024 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. Karbon-X's Inventory-to-Revenue for the quarter that ended in Feb. 2024 was 0.00.

Karbon-X Inventory Turnover Historical Data

The historical data trend for Karbon-X'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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Karbon-X Inventory Turnover Chart

Karbon-X Annual Data

Trend

May22

May23

Inventory Turnover

Karbon-X Quarterly Data
	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Inventory Turnover	Get a 7-Day Free Trial				-	-	-	-	-

Karbon-X Inventory Turnover Calculation

Karbon-X's Inventory Turnover for the fiscal year that ended in May. 2023 is calculated as

	Inventory Turnover (A: May. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: May. 2023 )	/ (	(Total Inventories (A: May. 2022 )	+	Total Inventories (A: May. 2023 ))	/	count )
=	0.001	/ (	(0	+	0)	/	1 )
=	0.001	/	0
=	N/A

Karbon-X's Inventory Turnover for the quarter that ended in Feb. 2024 is calculated as

	Inventory Turnover (Q: Feb. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Feb. 2024 )	/ (	(Total Inventories (Q: Nov. 2023 )	+	Total Inventories (Q: Feb. 2024 ))	/	count )
=	0.224	/ (	(0	+	0)	/	1 )
=	0.224	/	0
=	N/A

Karbon-X (OTCPK:KARX) 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.

Karbon-X's Days Inventory for the three months ended in Feb. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Feb. 2024 )	/	Cost of Goods Sold (Q: Feb. 2024 )	*	Days in Period
	=	0	/	0.224	*	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.

Karbon-X's Inventory to Revenue for the quarter that ended in Feb. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Feb. 2024 )	/	Revenue (Q: Feb. 2024 )
	=	0	/	0.247
	=	0.00

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.

Karbon-X Inventory Turnover Related Terms

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Karbon-X (Karbon-X) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Karbon-X Corp (OTCPK:KARX) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

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Address

910 7TH AVE SW, SUITE 1000, Calgary, AB, CAN, T2P 3N8

Website

https://www.karbon-x.com

Karbon-X Corp is a tech-based carbon marketing company specializing in selling carbon credits direct to business or through an owned APP to the everyday person while investing in projects that have the potential to generate carbon credits and supplies in an online social media community to encourage change and growth. The Company sells carbon offsets to mining, forestry, civic earthworks, transportation and oil and gas servicing companies based on their total fossil fuel consumption for individual projects.