NEXCF (Nextech3d AI) Inventory Turnover : 0.00 (As of Jun. 2024)

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What is Nextech3d AI 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. Nextech3d AI's Cost of Goods Sold for the three months ended in Jun. 2024 was $0.21 Mil. Nextech3d AI's Average Total Inventories for the quarter that ended in Jun. 2024 was $0.00 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Nextech3d AI's Days Inventory for the three months ended in Jun. 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. Nextech3d AI's Inventory-to-Revenue for the quarter that ended in Jun. 2024 was 0.00.

Nextech3d AI Inventory Turnover Historical Data

The historical data trend for Nextech3d AI'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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Nextech3d AI Inventory Turnover Chart

Nextech3d AI Annual Data

Trend

May18

May19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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1.77

4.16

1.46

0.88

80.97

Nextech3d AI Quarterly Data
	Aug19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Inventory Turnover	Get a 7-Day Free Trial															-	-	-	-	-

Nextech3d AI Inventory Turnover Calculation

Nextech3d AI'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 )
=	2.672	/ (	(0.033	+	0)	/	1 )
=	2.672	/	0.033
=	80.97

Nextech3d AI's Inventory Turnover for the quarter that ended in Jun. 2024 is calculated as

	Inventory Turnover (Q: Jun. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Jun. 2024 )	/ (	(Total Inventories (Q: Mar. 2024 )	+	Total Inventories (Q: Jun. 2024 ))	/	count )
=	0.211	/ (	(0	+	0)	/	1 )
=	0.211	/	0
=	N/A

Nextech3d AI (OTCPK:NEXCF) 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.

Nextech3d AI's Days Inventory for the three months ended in Jun. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jun. 2024 )	/	Cost of Goods Sold (Q: Jun. 2024 )	*	Days in Period
	=	0	/	0.211	*	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.

Nextech3d AI's Inventory to Revenue for the quarter that ended in Jun. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jun. 2024 )	/	Revenue (Q: Jun. 2024 )
	=	0	/	0.809
	=	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.

Nextech3d AI Inventory Turnover Related Terms

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Nextech3d AI Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Nextech3d AI Corp (OTCPK:NEXCF) » Definitions » Inventory Turnover

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Traded in Other Exchanges

1SS:Germany NTAR:Canada

Address

Toronto Rpo Royal Bank Plaza, Po Box 64039, Toronto, ON, CAN, M5J 2T6

Website

https://www.nextechar.com

Nextech3d AI Corp is a diversified technology company that leverages proprietary artificial intelligence (AI) to create 3D models and experiences. Its main businesses are creating 3D models for Amazon as well as many other e-commerce retailers. The company develops and acquires disruptive technologies and once commercialized, spins them out as stand-alone public companies issuing a stock dividend to shareholders while retaining a ownership stake in the public spin-out.