QTI (QT Imaging Holdings) Inventory Turnover : 0.11 (As of Sep. 2024)

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What is QT Imaging Holdings 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. QT Imaging Holdings's Cost of Goods Sold for the three months ended in Sep. 2024 was $0.35 Mil. QT Imaging Holdings's Average Total Inventories for the quarter that ended in Sep. 2024 was $3.27 Mil. QT Imaging Holdings's Inventory Turnover for the quarter that ended in Sep. 2024 was 0.11.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. QT Imaging Holdings's Days Inventory for the three months ended in Sep. 2024 was 849.72.

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. QT Imaging Holdings's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 3.42.

QT Imaging Holdings Inventory Turnover Historical Data

The historical data trend for QT Imaging Holdings'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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QT Imaging Holdings Inventory Turnover Chart

QT Imaging Holdings Annual Data

Trend

Dec21

Dec22

Dec23

Inventory Turnover

0.05

0.10

QT Imaging Holdings Quarterly Data
	Dec21	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Inventory Turnover	Get a 7-Day Free Trial				-	-	0.15	0.22	0.11

QT Imaging Holdings Inventory Turnover Calculation

QT Imaging Holdings's Inventory Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Inventory Turnover (A: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2023 )	/ (	(Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )
=	0	/ (	(0	+	0)	/	1 )
=	0	/	0
=	N/A

QT Imaging Holdings's Inventory Turnover for the quarter that ended in Sep. 2024 is calculated as

	Inventory Turnover (Q: Sep. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Sep. 2024 )	/ (	(Total Inventories (Q: Jun. 2024 )	+	Total Inventories (Q: Sep. 2024 ))	/	count )
=	0.351	/ (	(3.355	+	3.182)	/	2 )
=	0.351	/	3.2685
=	0.11

QT Imaging Holdings (NAS:QTI) 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.

QT Imaging Holdings's Days Inventory for the three months ended in Sep. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2024 )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
	=	3.2685	/	0.351	*	365 / 4
	=	849.72

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.

QT Imaging Holdings's Inventory to Revenue for the quarter that ended in Sep. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2024 )	/	Revenue (Q: Sep. 2024 )
	=	3.2685	/	0.956
	=	3.42

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.

QT Imaging Holdings Inventory Turnover Related Terms

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QT Imaging Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » QT Imaging Holdings Inc (NAS:QTI) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

3 Hamilton Landing, Suite 160, Novato, CA, USA, 94949

Website

https://www.qtimaging.com

QT Imaging Holdings Inc is engaged in the research, development and commercialization of an automated breast imaging system producing high-resolution transmission ultrasound images.