MIXE (Mixie Technologies) Inventory Turnover: -0.09 (As of Mar. 2022)

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What is Mixie Technologies Inventory Turnover?

Mixie Technologies MIXE -5.26% Inventory Turnover is -0.09 as of Mar. 2022.

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. Mixie Technologies's Cost of Goods Sold for the three months ended in Mar. 2022 was $-0.09 Mil. Mixie Technologies's Average Total Inventories for the quarter that ended in Mar. 2022 was $1.00 Mil. Mixie Technologies's Inventory Turnover for the quarter that ended in Mar. 2022 was -0.09.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

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. Mixie Technologies's Inventory-to-Revenue for the quarter that ended in Mar. 2022 was 2.37.

Mixie Technologies  (OTCPK:MIXE) 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.

Mixie Technologies'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
=1.0025/-0.093*365 / 4
=

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.

Mixie Technologies'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 )
=1.0025 / 0.423
=2.37

* 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.

Mixie Technologies Inventory Turnover Related Terms

Mixie Technologies Inventory Turnover Historical Data

* Premium members only.

The historical data trend for Mixie 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.

Mixie Technologies Inventory Turnover Chart

Mixie Technologies Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21
Inventory Turnover
0.00 0.00 0.57 0.58 1.74

Mixie Technologies Quarterly Data
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 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 0.42 0.54 0.31 0.35 -0.09

Mixie Technologies Inventory Turnover Calculation

Mixie Technologies'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 )
=1.783 / ((1.048 + 0.998) / 2 )
=1.783 / 1.023
=1.74

Mixie Technologies'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 )
=-0.093 / ((0.998 + 1.007) / 2 )
=-0.093 / 1.0025
=-0.09

* 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.

Frequently Asked Questions Learn more about Inventory Turnover →
What does a Inventory Turnover of -0.09 mean?
Mixie Technologies (MIXE) has a Inventory Turnover of -0.09 as of Mar. 2022. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on Mixie Technologies and its competitors.
Is Mixie Technologies' Inventory Turnover too high?
Mixie Technologies' current Inventory Turnover is -0.09.
How does Mixie Technologies' Inventory Turnover compare to THCT and IGPK?
Mixie Technologies' Inventory Turnover of -0.09 can be compared against companies in the Software industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Inventory Turnover for a Software company?
A good Inventory Turnover depends on the Software industry context. However, Inventory Turnover should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Inventory Turnover mean?
A high Inventory Turnover can signal that a stock is expensive relative to its fundamentals. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on Mixie Technologies and its competitors. Mixie Technologies's current Inventory Turnover is -0.09. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mixie Technologies stock overvalued right now?
Mixie Technologies (MIXE) has a current Inventory Turnover of -0.09. The current Inventory Turnover is -0.09. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Inventory Turnover calculated?
Inventory Turnover is calculated from a company's financial statements. For Mixie Technologies (MIXE), the current Inventory Turnover is -0.09 as of Mar. 2022. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Mixie Technologies Business Description

Address 1500 N. Grant St, Ste R, Denver, CO, USA, 80203
Pure Harvest Corporate Group Inc is currently operating as a business consulting services company. It operates as a technology-focused platform engaged in the acquisition, development, and integration of digital assets and intellectual property. Its current centers on identifying and acquiring scalable technology platforms and related intellectual property that can be developed, commercialized, or licensed across multiple industries. The Company's operations are focused on building an integrated ecosystem of digital solutions, including software platforms, media technologies, and data-driven applications, with an emphasis on long-term value creation through strategic acquisitions and partnerships.