MetaWorks Platforms (MetaWorks Platforms) Inventory Turnover : 0.00 (As of Dec. 2023)

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What is MetaWorks Platforms 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. MetaWorks Platforms's Cost of Goods Sold for the three months ended in Dec. 2023 was $0.02 Mil. MetaWorks Platforms's Average Total Inventories for the quarter that ended in Dec. 2023 was $0.00 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. MetaWorks Platforms's Days Inventory for the three months ended in Dec. 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.

MetaWorks Platforms Inventory Turnover Historical Data

The historical data trend for MetaWorks Platforms'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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MetaWorks Platforms Inventory Turnover Chart

MetaWorks Platforms Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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MetaWorks Platforms 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															-	-	-	-	-

MetaWorks Platforms Inventory Turnover Calculation

MetaWorks Platforms'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 )
=	0.44	/ (	(0	+	0)	/	1 )
=	0.44	/	0
=	N/A

MetaWorks Platforms'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 )
=	0.017	/ (	(0	+	0)	/	1 )
=	0.017	/	0
=	N/A

MetaWorks Platforms (OTCPK:MWRK) 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.

MetaWorks Platforms'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
	=	0	/	0.017	*	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.

MetaWorks Platforms'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 )
	=	0	/	-0.115
	=

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.

MetaWorks Platforms Inventory Turnover Related Terms

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MetaWorks Platforms (MetaWorks Platforms) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » MetaWorks Platforms Inc (OTCPK:MWRK) » Definitions » Inventory Turnover

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Address

3250 Oakland Hills Court, Fairfield, CA, USA, 94534

Website

https://www.metaworksplatforms.io

MetaWorks Platforms Inc is a full-service blockchain and web development platform provider. The Company's business model is to provide a turnkey set of services to develop and integrate Web 3.0 / Metaverse technologies, NFT, blockchain, and cryptocurrency technologies. It offers a set of services for companies to develop and integrate blockchain and payment technologies into their business operations. It builds and operates FinTech Platforms-as-a-Service for digital currencies, digital securities tokens, and digital assets. The firm generates the majority of its revenue from the sale of movie rights.

Executives

Scott Gallagher	officer: President	3415 LOGGERHEAD WAY, WESLEY CHAPEL FL 33544
Shelly Marie Murphy	director	1803 W ENCINAS ST., GILBERT AZ 85233
James P Geiskopf	director, 10 percent owner, officer: President Secretary Treasurer	901 HANCOCK AVENUE, UNIT 308, WEST HOLLYWOOD CA 90069
Cameron Chell	director, officer: President and CEO	561 BROOKS AVENUE, VENICE BEACH CA 90291
Swapan Kakumanu	officer: Chief Financial Officer	193 SIMCOE CIRCLE, CALGARY A0 T3H 4S3
Edmund C. Moy	director	130 ANDOVER PARK EAST SUITE 200, SEATTLE WA 98188
Alphonso Jackson	director	1411 KEY BLVD., UNIT 601, ARLINGTON VA 22209
James Michael Carter	director	12532 23RD AVENUE, SURREY A1 V4A 2C4
Bruce Gordon Elliott	officer: President	6 KERMODE ROAD, CROSBY Y8 1M4 4BZ
Michael Alexander Blum	director, officer: CFO, Secretary, Treasurer	2212 GLENBROOK WAY, LAS VEGAS NV 89117