Punktid Technologies AS (OTSE:PNKTD) Inventory Turnover : 1.78 (As of Jun. 2023)

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What is Punktid Technologies AS 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. Punktid Technologies AS's Cost of Goods Sold for the six months ended in Jun. 2023 was €0.37 Mil. Punktid Technologies AS's Average Total Inventories for the quarter that ended in Jun. 2023 was €0.21 Mil. Punktid Technologies AS's Inventory Turnover for the quarter that ended in Jun. 2023 was 1.78.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Punktid Technologies AS's Days Inventory for the six months ended in Jun. 2023 was 102.56.

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. Punktid Technologies AS's Inventory-to-Revenue for the quarter that ended in Jun. 2023 was 0.39.

Punktid Technologies AS Inventory Turnover Historical Data

The historical data trend for Punktid Technologies AS'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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Punktid Technologies AS Inventory Turnover Chart

Punktid Technologies AS Annual Data

Trend

Dec21

Dec22

Inventory Turnover

6.37

Punktid Technologies AS Semi-Annual Data
	Jun22	Dec22	Jun23
Inventory Turnover	2.34	3.52	1.78

Punktid Technologies AS Inventory Turnover Calculation

Punktid Technologies AS's Inventory Turnover for the fiscal year that ended in Dec. 2022 is calculated as

	Inventory Turnover (A: Dec. 2022 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2022 )	/ (	(Total Inventories (A: Dec. 2021 )	+	Total Inventories (A: Dec. 2022 ))	/	count )
=	0.997	/ (	(0.114	+	0.199)	/	2 )
=	0.997	/	0.1565
=	6.37

Punktid Technologies AS's Inventory Turnover for the quarter that ended in Jun. 2023 is calculated as

	Inventory Turnover (Q: Jun. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Jun. 2023 )	/ (	(Total Inventories (Q: Dec. 2022 )	+	Total Inventories (Q: Jun. 2023 ))	/	count )
=	0.371	/ (	(0.199	+	0.218)	/	2 )
=	0.371	/	0.2085
=	1.78

Punktid Technologies AS (OTSE:PNKTD) 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.

Punktid Technologies AS's Days Inventory for the six months ended in Jun. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jun. 2023 )	/	Cost of Goods Sold (Q: Jun. 2023 )	*	Days in Period
	=	0.2085	/	0.371	*	365 / 2
	=	102.56

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.

Punktid Technologies AS's Inventory to Revenue for the quarter that ended in Jun. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jun. 2023 )	/	Revenue (Q: Jun. 2023 )
	=	0.2085	/	0.536
	=	0.39

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.

Punktid Technologies AS Inventory Turnover Related Terms

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Punktid Technologies AS (OTSE:PNKTD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Punktid Technologies AS (OTSE:PNKTD) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Gamekeys OU, Tornimae 5, Tallinn, EST

Website

https://www.punktid.com

Punktid Technologies AS offers an online store selling game codes, gift cards, and software licenses.

Punktid Technologies AS (OTSE:PNKTD) Headlines

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