PowerBand Solutions (PowerBand Solutions) Inventory Turnover : 0.00 (As of Sep. 2023)

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What is PowerBand Solutions 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. PowerBand Solutions's Cost of Goods Sold for the three months ended in Sep. 2023 was $0.22 Mil. PowerBand Solutions's Average Total Inventories for the quarter that ended in Sep. 2023 was $0.00 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. PowerBand Solutions's Days Inventory for the three months ended in Sep. 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. PowerBand Solutions's Inventory-to-Revenue for the quarter that ended in Sep. 2023 was 0.00.

PowerBand Solutions Inventory Turnover Historical Data

The historical data trend for PowerBand Solutions'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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PowerBand Solutions Inventory Turnover Chart

PowerBand Solutions Annual Data

Trend

Oct13

Oct14

Oct15

Oct16

Oct17

Dec18

Dec19

Dec20

Dec21

Dec22

Inventory Turnover

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9.56

16.58

1,011.26

900.60

PowerBand Solutions Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Inventory Turnover	Get a 7-Day Free Trial															1.65	1.48	-	-	-

PowerBand Solutions Inventory Turnover Calculation

PowerBand Solutions'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 )
=	4.503	/ (	(0.005	+	0)	/	1 )
=	4.503	/	0.005
=	900.60

PowerBand Solutions's Inventory Turnover for the quarter that ended in Sep. 2023 is calculated as

	Inventory Turnover (Q: Sep. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Sep. 2023 )	/ (	(Total Inventories (Q: Jun. 2023 )	+	Total Inventories (Q: Sep. 2023 ))	/	count )
=	0.223	/ (	(0	+	0)	/	1 )
=	0.223	/	0
=	N/A

PowerBand Solutions (OTCPK:PWWBF) 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.

PowerBand Solutions's Days Inventory for the three months ended in Sep. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2023 )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
	=	0	/	0.223	*	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.

PowerBand Solutions's Inventory to Revenue for the quarter that ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2023 )	/	Revenue (Q: Sep. 2023 )
	=	0	/	0.41
	=	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.

PowerBand Solutions Inventory Turnover Related Terms

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PowerBand Solutions (PowerBand Solutions) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Software » PowerBand Solutions Inc (OTCPK:PWWBF) » Definitions » Inventory Turnover

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PBX:Canada

Address

3385 Harvester Road, Suite 225, Burlington, ON, CAN, L7N 3N2

Website

https://www.powerbandsolutions.com

PowerBand Solutions Inc is a technology provider. It has developed a powerful suite of cloud-based transaction platforms to buy, sell, trade, finance and lease new and used vehicles, which includes real time appraisal services, market information and financing solutions. The company provides various solutions such as LiveNet, Marketplace Auction, Dynamic Appraisal, and Market Intelligence. The LiveNet Auction Portal allows Dealers to create an instant, online auction that launches a used vehicle to a vast network of the industry's top used vehicle buyers. Appraisal System is customizable to meet the respective compliance requirements.