GURUFOCUS.COM » STOCK LIST » Technology » Hardware » KULR Technology Group Inc (AMEX:KULR) » Definitions » Inventory Turnover

KULR Technology Group (KULR Technology Group) Inventory Turnover : 1.22 (As of Dec. 2023)


View and export this data going back to 2018. Start your Free Trial

What is KULR Technology Group 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. KULR Technology Group's Cost of Goods Sold for the three months ended in Dec. 2023 was $1.65 Mil. KULR Technology Group's Average Total Inventories for the quarter that ended in Dec. 2023 was $1.35 Mil. KULR Technology Group's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.22.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. KULR Technology Group's Days Inventory for the three months ended in Dec. 2023 was 74.61.

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. KULR Technology Group's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.58.


KULR Technology Group Inventory Turnover Historical Data

The historical data trend for KULR Technology Group'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.

* Premium members only.

KULR Technology Group Inventory Turnover Chart

KULR Technology Group Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Inventory Turnover
Get a 7-Day Free Trial Premium Member Only 12.22 4.59 8.96 1.52 3.96

KULR Technology Group Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 0.13 0.62 1.11 1.16 1.22

KULR Technology Group Inventory Turnover Calculation

KULR Technology Group'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 )
=6.164 / ((1.962 + 1.149) / 2 )
=6.164 / 1.5555
=3.96

KULR Technology Group's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

Inventory Turnover (Q: Dec. 2023 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (Q: Dec. 2023 ) / ((Total Inventories (Q: Sep. 2023 ) + Total Inventories (Q: Dec. 2023 )) / count )
=1.651 / ((1.551 + 1.149) / 2 )
=1.651 / 1.35
=1.22

* 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.


KULR Technology Group  (AMEX:KULR) 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.

KULR Technology Group's Days Inventory for the three months ended in Dec. 2023 is calculated as:

Days Inventory =Average Total Inventories (Q: Dec. 2023 )/Cost of Goods Sold (Q: Dec. 2023 )*Days in Period
=1.35/1.651*365 / 4
=74.61

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.

KULR Technology Group's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Dec. 2023 ) / Revenue (Q: Dec. 2023 )
=1.35 / 2.334
=0.58

* 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.


KULR Technology Group Inventory Turnover Related Terms

Thank you for viewing the detailed overview of KULR Technology Group's Inventory Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.


KULR Technology Group (KULR Technology Group) Business Description

Traded in Other Exchanges
N/A
Address
4863 Shawline Street, San Diego, CA, USA, 92111
KULR Technology Group Inc develops and commercializes high-performance thermal management technologies for electronics, batteries, and other components. The company is focused on targeting the following applications: electric vehicles and autonomous driving systems; artificial intelligence and Cloud computing; energy storage; and 5G communication technologies. Its product portfolio includes ARA Thermal Capacitor, CRUX Cathode, HYDRA Thermal Runaway Shield, LYRA ISC Trigger Cell, URSA Fiber Thermal Interface, and VEGA Internal Short Circuit.
Executives
Michael Mo director, 10 percent owner, officer: CEO 14440 BIG BASIN WAY, #12, SARATOGA CA 95070
Timothy Ray Knowles director, officer: Chief Technical Officer C/O KT HIGH-TECH MARKETING INC., 14440 BIG BASIN WAY #12, SARATOGA CA 95070
Shawn Canter officer: Chief Financial Officer 4863 SHAWLINE STREET, SAN DIEGO CA 92111
William Quinn Walker officer: Chief Technology Officer 626 BEALS CREEK LANE, WEBSTER TX 77598
Terry Keith Cochran officer: President and COO 1999 S BASCOM AVE, SUITE 700, CAMPBELL CA 95008
Stayce D. Harris director 1999 S. BASCOM AVE., SUITE 700, CAMPBELL CA 95008
Joanna D. Massey director 1999 S. BASCOM AVE, SUITE 700, CAMPBELL CA 95008
Morio Kurosaki director 1-2-14 ICHIGAYASADOHARA, SHINJUKU-KU, TOKYO M0 162-0842
Simon P Westbrook officer: Chief Financial Officer 4920 EL CAMINO REAL, STE 100, LOS ALTOS CA 94022
George Ernest Henschke officer: Interim Prin. Fin. Off., Treas C/O KT HIGH-TECH MARKETING INC., 14440 BIG BASIN WAY #12, SARATOGA CA 95070
Michael Gerald Carpenter officer: Vice President of Engineering C/O KT HIGH-TECH MARKETING INC., 14440 BIG BASIN WAY #12, SARATOGA CA 95070
James M Cassidy director, 10 percent owner, officer: president,secretary,treasurer 215 APOLENA AVENUE, NEWPORT BEACH CA 92662
James K Mckillop director, 10 percent owner, officer: VP 9454 WILSHIRE BOULEVARD, SUITE 612, BEVERLY HILLS CA 90212