Quadrise Fuels International (Quadrise Fuels International) Inventory Turnover : 5.23 (As of Dec. 2023)

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What is Quadrise Fuels International 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. Quadrise Fuels International's Cost of Goods Sold for the six months ended in Dec. 2023 was $1.15 Mil. Quadrise Fuels International's Average Total Inventories for the quarter that ended in Dec. 2023 was $0.22 Mil. Quadrise Fuels International's Inventory Turnover for the quarter that ended in Dec. 2023 was 5.23.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Quadrise Fuels International's Days Inventory for the six months ended in Dec. 2023 was 34.88.

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.

Quadrise Fuels International Inventory Turnover Historical Data

The historical data trend for Quadrise Fuels International'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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Quadrise Fuels International Inventory Turnover Chart

Quadrise Fuels International Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Inventory Turnover

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23.67

22.20

23.84

20.72

9.99

Quadrise Fuels International Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															10.93	11.57	8.35	4.69	5.23

Quadrise Fuels International Inventory Turnover Calculation

Quadrise Fuels International's Inventory Turnover for the fiscal year that ended in Jun. 2023 is calculated as

	Inventory Turnover (A: Jun. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Jun. 2023 )	/ (	(Total Inventories (A: Jun. 2022 )	+	Total Inventories (A: Jun. 2023 ))	/	count )
=	2.198	/ (	(0	+	0.22)	/	1 )
=	2.198	/	0.22
=	9.99

Quadrise Fuels International's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

	Inventory Turnover (Q: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2023 )	/ (	(Total Inventories (Q: Jun. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	1.151	/ (	(0.22	+	0)	/	1 )
=	1.151	/	0.22
=	5.23

Quadrise Fuels International (GREY:QDRSF) 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.

Quadrise Fuels International's Days Inventory for the six months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	0.22	/	1.151	*	365 / 2
	=	34.88

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.

Quadrise Fuels International's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	0.22	/	0
	=

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.

Quadrise Fuels International Inventory Turnover Related Terms

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Quadrise Fuels International (Quadrise Fuels International) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Quadrise Fuels International PLC (GREY:QDRSF) » Definitions » Inventory Turnover

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Traded in Other Exchanges

QED:UK 8QF:Germany

Address

10A Arthur Street, Foresight House No. 10, London, GBR, EC4R 9AY

Website

https://www.quadrise.com

Quadrise PLC is an energy technology provider. It manufactures and markets emulsion fuels for use in power generation, industrial, and marine diesel engines, and steam generation applications. It has a single business segment, which is to produce emulsion fuel (or supply the associated technology to third parties) as a low-cost substitute for conventional heavy fuel oil ("HFO") for use in power generation plants and industrial and marine diesel engines.