INX Digital Co (NEOE:INXD) Inventory Turnover : 0.00 (As of Dec. 2024)

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What is INX Digital Co 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. INX Digital Co's Cost of Goods Sold for the three months ended in Dec. 2024 was C$-0.15 Mil. INX Digital Co's Average Total Inventories for the quarter that ended in Dec. 2024 was C$0.00 Mil.

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. INX Digital Co's Inventory-to-Revenue for the quarter that ended in Dec. 2024 was 0.00.

INX Digital Co Inventory Turnover Historical Data

The historical data trend for INX Digital Co'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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INX Digital Co Inventory Turnover Chart

INX Digital Co Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Dec24

Inventory Turnover

INX Digital Co Quarterly Data
	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Inventory Turnover	Get a 7-Day Free Trial												-	-	-	-	-

INX Digital Co Inventory Turnover Calculation

INX Digital Co's Inventory Turnover for the fiscal year that ended in Dec. 2024 is calculated as

	Inventory Turnover (A: Dec. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2024 )	/ (	(Total Inventories (A: Dec. 2023 )	+	Total Inventories (A: Dec. 2024 ))	/	count )
=	1.191	/ (	(0	+	0)	/	1 )
=	1.191	/	0
=	N/A

INX Digital Co's Inventory Turnover for the quarter that ended in Dec. 2024 is calculated as

	Inventory Turnover (Q: Dec. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2024 )	/ (	(Total Inventories (Q: Sep. 2024 )	+	Total Inventories (Q: Dec. 2024 ))	/	count )
=	-0.154	/ (	(0	+	0)	/	1 )
=	-0.154	/	0
=	N/A

INX Digital Co (NEOE:INXD) 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.

INX Digital Co's Days Inventory for the three months ended in Dec. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2024 )	/	Cost of Goods Sold (Q: Dec. 2024 )	*	Days in Period
	=	0	/	-0.154	*	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.

INX Digital Co's Inventory to Revenue for the quarter that ended in Dec. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2024 )	/	Revenue (Q: Dec. 2024 )
	=	0	/	0.439
	=	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.

INX Digital Co Inventory Turnover Related Terms

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INX Digital Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » INX Digital Co Inc (NEOE:INXD) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

INXDF:USA FN4:Germany

Address

5th Sapir Street, Herzelia, ISR, V6C 0A3

Website

https://www.inx.co

INX Digital Co Inc is engaged in the operation and ongoing development of comprehensive infrastructure and regulated solutions for trading and investing in blockchain assets as well as utilizing digital assets as a form of payment. The company operates in two segments namely Digital asset segment and Brokerage segment. It derives maximum revenue from Digital Asset Segment. The company also facilitates financial transactions between banks across globe and offers a full range of brokerage services to several banking institutions world-wide, mainly in foreign exchange and interest rate derivatives. It derives maximum revenue from Switzerland and also has its presence in United States, United Kingdom, Japan, State of Israel, Gibraltar, Canada and Others.

Executives

Shy Datika	10% Security Holder, Director, Senior Officer
Renata Szkoda	Senior Officer

INX Digital Co Headlines

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