Perk Labs (Perk Labs) Inventory Turnover : 6.00 (As of Aug. 2023)

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What is Perk Labs 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. Perk Labs's Cost of Goods Sold for the three months ended in Aug. 2023 was $0.01 Mil. Perk Labs's Average Total Inventories for the quarter that ended in Aug. 2023 was $0.00 Mil. Perk Labs's Inventory Turnover for the quarter that ended in Aug. 2023 was 6.00.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Perk Labs's Days Inventory for the three months ended in Aug. 2023 was 15.21.

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. Perk Labs's Inventory-to-Revenue for the quarter that ended in Aug. 2023 was 0.14.

Perk Labs Inventory Turnover Historical Data

The historical data trend for Perk Labs'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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Perk Labs Inventory Turnover Chart

Perk Labs Annual Data

Trend

Nov15

Nov16

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

Inventory Turnover

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6.50

2.80

4.25

Perk Labs Quarterly Data
	Nov18	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23
Inventory Turnover	Get a 7-Day Free Trial															0.46	2.33	1.00	29.00	6.00

Perk Labs Inventory Turnover Calculation

Perk Labs's Inventory Turnover for the fiscal year that ended in Nov. 2022 is calculated as

	Inventory Turnover (A: Nov. 2022 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Nov. 2022 )	/ (	(Total Inventories (A: Nov. 2021 )	+	Total Inventories (A: Nov. 2022 ))	/	count )
=	0.017	/ (	(0.007	+	0.001)	/	2 )
=	0.017	/	0.004
=	4.25

Perk Labs's Inventory Turnover for the quarter that ended in Aug. 2023 is calculated as

	Inventory Turnover (Q: Aug. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Aug. 2023 )	/ (	(Total Inventories (Q: May. 2023 )	+	Total Inventories (Q: Aug. 2023 ))	/	count )
=	0.006	/ (	(0.001	+	0.001)	/	2 )
=	0.006	/	0.001
=	6.00

Perk Labs (OTCPK:PKLBF) 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.

Perk Labs's Days Inventory for the three months ended in Aug. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Aug. 2023 )	/	Cost of Goods Sold (Q: Aug. 2023 )	*	Days in Period
	=	0.001	/	0.006	*	365 / 4
	=	15.21

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.

Perk Labs's Inventory to Revenue for the quarter that ended in Aug. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Aug. 2023 )	/	Revenue (Q: Aug. 2023 )
	=	0.001	/	0.007
	=	0.14

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.

Perk Labs Inventory Turnover Related Terms

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Perk Labs (Perk Labs) Business Description

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PKLB:Germany PERK:Canada

Address

555 Burrard Street, Suite 1755, Two Bentall Centre - Box 240, Vancouver, BC, CAN, V7X 1M9

Website

https://www.perklabs.io

Perk Labs Inc is engaged in operating an online ordering, payments and loyalty platform. The company mainly offers merchants three products: online ordering, digital dine-in and custom branded apps and distributes its products through a digital franchise business model. The Company launched its Glance Pay application in 2016 and officially launched Perk Hero on April 2020. Perk Hero is a digital loyalty management platform that enables merchants to provide their customers with digital rewards and a more engaging and convenient customer experience. The streams of revenue of the company are Licensing revenue, Transaction revenue, Product revenue Subscription revenue and Custom-branded app revenue.