Enteq Technologies (LSE:NTQ) Inventory Turnover : 4,823,355,200,913,801.00 (As of Sep. 2023)

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What is Enteq Technologies 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. Enteq Technologies's Cost of Goods Sold for the six months ended in Sep. 2023 was £1.07 Mil. Enteq Technologies's Average Total Inventories for the quarter that ended in Sep. 2023 was £0.00 Mil. Enteq Technologies's Inventory Turnover for the quarter that ended in Sep. 2023 was 4,823,355,200,913,801.00.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Enteq Technologies's Days Inventory for the six months ended in Sep. 2023 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. Enteq Technologies's Inventory-to-Revenue for the quarter that ended in Sep. 2023 was 0.00.

Enteq Technologies Inventory Turnover Historical Data

The historical data trend for Enteq 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.

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Enteq Technologies Inventory Turnover Chart

Enteq Technologies Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Inventory Turnover

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0.93

1.16

0.74

Enteq Technologies Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Inventory Turnover	Get a 7-Day Free Trial															0.51	-0.57	1.73	-3.27	4,823,355,200,913,801.00

Enteq Technologies Inventory Turnover Calculation

Enteq Technologies's Inventory Turnover for the fiscal year that ended in Mar. 2023 is calculated as

	Inventory Turnover (A: Mar. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Mar. 2023 )	/ (	(Total Inventories (A: Mar. 2022 )	+	Total Inventories (A: Mar. 2023 ))	/	count )
=	0	/ (	(1.829	+	2.2204460492503E-16)	/	2 )
=	0	/	0.9145
=	0.00

Enteq Technologies's Inventory Turnover for the quarter that ended in Sep. 2023 is calculated as

	Inventory Turnover (Q: Sep. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Sep. 2023 )	/ (	(Total Inventories (Q: Mar. 2023 )	+	Total Inventories (Q: Sep. 2023 ))	/	count )
=	1.071	/ (	(2.2204460492503E-16	+	0)	/	1 )
=	1.071	/	2.2204460492503E-16
=	4,823,355,200,913,801.00

Enteq Technologies (LSE:NTQ) 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.

Enteq Technologies's Days Inventory for the six months ended in Sep. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2023 )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
	=	2.2204460492503E-16	/	1.071	*	365 / 2
	=	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.

Enteq Technologies's Inventory to Revenue for the quarter that ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2023 )	/	Revenue (Q: Sep. 2023 )
	=	2.2204460492503E-16	/	0.625
	=	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.

Enteq Technologies Inventory Turnover Related Terms

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Enteq Technologies (LSE:NTQ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Enteq Technologies PLC (LSE:NTQ) » Definitions » Inventory Turnover

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Address

High Street Ascot, The Courtyard, Berkshire, GBR, SL5 7HP

Website

https://www.enteq.com

Enteq Technologies PLC is engaged in providing energy technologies for directional drilling and geo-steering. It develops technologies for measurement, logging, and geo-steering while drilling wells for oil, gas, and geothermal markets. The company products include Measurement While Drilling, Downhole Connectivity Systems, Logging While Drilling, At-Bit System, the SABER Tool - Rotary Steerable System.

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