QBAK (Qualstar) Inventory Turnover: 0.87 (As of Sep. 2023)

What is Qualstar Inventory Turnover?

Qualstar QBAK -11.43% 12 Inventory Turnover is 0.87 as of Sep. 2023. GuruFocus rates QBAK with a GF Score™ of 12/100.

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. Qualstar's Cost of Goods Sold for the three months ended in Sep. 2023 was $2.16 Mil. Qualstar's Average Total Inventories for the quarter that ended in Sep. 2023 was $2.48 Mil. Qualstar's Inventory Turnover for the quarter that ended in Sep. 2023 was 0.87.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Qualstar's Days Inventory for the three months ended in Sep. 2023 was 104.76.

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. Qualstar's Inventory-to-Revenue for the quarter that ended in Sep. 2023 was 0.79.

Qualstar (OTCPK:QBAK) 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.

Qualstar'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
	=	2.481	/	2.161	*	365 / 4
	=	104.76

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.

Qualstar'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 )
	=	2.481	/	3.142
	=	0.79

* 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.

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.

Qualstar Inventory Turnover Related Terms

Qualstar Inventory Turnover Historical Data

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The historical data trend for Qualstar's Inventory Turnover can be seen below:

Qualstar Inventory Turnover Chart

Qualstar Annual Data

Trend

Jun10

Jun11

Jun12

Jun13

Jun14

Jun15

Dec16

Dec17

Dec18

Dec19

Inventory Turnover

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2.79

3.17

4.37

3.22

3.65

Qualstar Quarterly Data
	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Sep22	Sep23
Inventory Turnover	Get a 7-Day Free Trial															1.00	0.99	0.51	0.66	0.87

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Qualstar Inventory Turnover Calculation

Qualstar's Inventory Turnover for the fiscal year that ended in Dec. 2019 is calculated as

	Inventory Turnover (A: Dec. 2019 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2019 )	/ (	(Total Inventories (A: Dec. 2018 )	+	Total Inventories (A: Dec. 2019 ))	/	count )
=	9.916	/ (	(2.897	+	2.54)	/	2 )
=	9.916	/	2.7185
=	3.65

Qualstar'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: Sep. 2022 )	+	Total Inventories (Q: Sep. 2023 ))	/	count )
=	2.161	/ (	(0	+	2.481)	/	1 )
=	2.161	/	2.481
=	0.87

Frequently Asked Questions Learn more about Inventory Turnover →

What does a Inventory Turnover of 0.87 mean?

Qualstar (QBAK) has a Inventory Turnover of 0.87 as of Sep. 2023. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on Qualstar and its competitors.

Is Qualstar's Inventory Turnover too high?

Qualstar's current Inventory Turnover is 0.87. Overall, Qualstar has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.

How does Qualstar's Inventory Turnover compare to POLA and OZSC?

Qualstar's Inventory Turnover of 0.87 can be compared against companies in the Industrial Products industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.

What is a good Inventory Turnover for an Industrial Products company?

A good Inventory Turnover depends on the Industrial Products industry context. However, Inventory Turnover should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.

What does a high Inventory Turnover mean?

A high Inventory Turnover can signal that a stock is expensive relative to its fundamentals. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on Qualstar and its competitors. Qualstar's current Inventory Turnover is 0.87. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Qualstar stock overvalued right now?

Qualstar (QBAK) has a current Inventory Turnover of 0.87. The current Inventory Turnover is 0.87. Qualstar's overall GF Score™ is 12/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

How is Inventory Turnover calculated?

Inventory Turnover is calculated from a company's financial statements. For Qualstar (QBAK), the current Inventory Turnover is 0.87 as of Sep. 2023. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Qualstar Business Description

Industry Industrials Industrial Products

Comparable Companies POLA OZSC XPON NXU PWDY TOGI KRFG DCFCQ CHEV BSTK SZSE:300750 XSWX:ABBN XKRX:373220 HAM:OSR BKK:DELTA TSE:6503 VRT XPAR:LR SZSE:300274 HUBB

Address 1267 Flynn Road, Suite 105, Camarillo, CA, USA, 93012

Website https://www.qualstar.com

Qualstar Corp is a U.S.-based provider of data storage systems marketed under the Qualstar brand and power solutions marketed under the N2Power brand. The company operates through the Data Storage segment, which generates the majority of its revenue. It manufactures automated magnetic tape libraries to store, retrieve, and manage electronic data for archive, backup, and recovery, and provides technical customer support services. The Power Supplies segment designs and markets high-efficiency switching power supplies for electronic equipment. The company utilizes contract manufacturers in Asia and sells its products globally through authorized resellers and directly to OEMs. It operates in North America, Europe, Asia Pacific, and others, with the majority of its revenue from North America.

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