Smarttech247 Group (LSE:S247) Inventory Turnover : 0.00 (As of Jan. 2024)

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What is Smarttech247 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. Smarttech247 Group's Cost of Goods Sold for the six months ended in Jan. 2024 was £1.56 Mil. Smarttech247 Group's Average Total Inventories for the quarter that ended in Jan. 2024 was £0.00 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Smarttech247 Group's Days Inventory for the six months ended in Jan. 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. Smarttech247 Group's Inventory-to-Revenue for the quarter that ended in Jan. 2024 was 0.00.

Smarttech247 Group Inventory Turnover Historical Data

The historical data trend for Smarttech247 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.

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Smarttech247 Group Inventory Turnover Chart

Smarttech247 Group Annual Data

Trend

Jul19

Jul20

Jul21

Jul22

Jul23

Inventory Turnover

Smarttech247 Group Semi-Annual Data
	Jul19	Jul20	Jan21	Jul21	Jan22	Jul22	Jan23	Jul23	Jan24
Inventory Turnover	Get a 7-Day Free Trial				-	-	-	-	-

Smarttech247 Group Inventory Turnover Calculation

Smarttech247 Group's Inventory Turnover for the fiscal year that ended in Jul. 2023 is calculated as

	Inventory Turnover (A: Jul. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Jul. 2023 )	/ (	(Total Inventories (A: Jul. 2022 )	+	Total Inventories (A: Jul. 2023 ))	/	count )
=	4.613	/ (	(0	+	0)	/	1 )
=	4.613	/	0
=	N/A

Smarttech247 Group's Inventory Turnover for the quarter that ended in Jan. 2024 is calculated as

	Inventory Turnover (Q: Jan. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Jan. 2024 )	/ (	(Total Inventories (Q: Jul. 2023 )	+	Total Inventories (Q: Jan. 2024 ))	/	count )
=	1.56	/ (	(0	+	0)	/	1 )
=	1.56	/	0
=	N/A

Smarttech247 Group (LSE:S247) 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.

Smarttech247 Group's Days Inventory for the six months ended in Jan. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jan. 2024 )	/	Cost of Goods Sold (Q: Jan. 2024 )	*	Days in Period
	=	0	/	1.56	*	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.

Smarttech247 Group's Inventory to Revenue for the quarter that ended in Jan. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jan. 2024 )	/	Revenue (Q: Jan. 2024 )
	=	0	/	4.587
	=	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.

Smarttech247 Group Inventory Turnover Related Terms

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Smarttech247 Group (LSE:S247) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Smarttech247 Group PLC (LSE:S247) » Definitions » Inventory Turnover

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Traded in Other Exchanges

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Address

165 Fleet Street, London, GBR, EC4A 2DY

Website

https://www.smarttech247.com

Smarttech247 Group PLC is a multi-award winning automated managed detection and response company. Its platform is trusted by global organizations and provides threat intelligence with managed detection and response to provide actionable insights, 24/7 threat detection, investigation and response. The company's service is geared towards proactive prevention and it achieves this by utilising the latest in cloud, big data analytics and machine learning, along with an experienced response team.

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