SatixFy Communications (SatixFy Communications) Inventory Turnover : 1.27 (As of Dec. 2023)

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What is SatixFy Communications 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. SatixFy Communications's Cost of Goods Sold for the three months ended in Dec. 2023 was $1.57 Mil. SatixFy Communications's Average Total Inventories for the quarter that ended in Dec. 2023 was $1.24 Mil. SatixFy Communications's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.27.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. SatixFy Communications's Days Inventory for the three months ended in Dec. 2023 was 72.11.

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. SatixFy Communications's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.67.

SatixFy Communications Inventory Turnover Historical Data

The historical data trend for SatixFy Communications'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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SatixFy Communications Inventory Turnover Chart

SatixFy Communications Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

4.53

13.00

5.93

5.15

SatixFy Communications Quarterly Data
	Dec20	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23
Inventory Turnover	Get a 7-Day Free Trial					2.00	1.73	1.42	-	1.27

SatixFy Communications Inventory Turnover Calculation

SatixFy Communications'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 )
=	5.938	/ (	(0.831	+	1.475)	/	2 )
=	5.938	/	1.153
=	5.15

SatixFy Communications'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: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	1.571	/ (	(1.008	+	1.475)	/	2 )
=	1.571	/	1.2415
=	1.27

SatixFy Communications (AMEX:SATX) 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.

SatixFy Communications's Days Inventory for the three 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
	=	1.2415	/	1.571	*	365 / 4
	=	72.11

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.

SatixFy Communications'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 )
	=	1.2415	/	1.844
	=	0.67

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.

SatixFy Communications Inventory Turnover Related Terms

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SatixFy Communications (SatixFy Communications) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » SatixFy Communications Ltd (AMEX:SATX) » Definitions » Inventory Turnover

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Traded in Other Exchanges

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Address

12 Hamada Street, Rehovot, ISR, 670315

Website

https://www.satixfy.com

SatixFy Communications Ltd develops end-to-end next-generation satellite communications systems, including satellite payloads, user terminals and modems, based on powerful chipsets that it develops in house. Its products include modems that feature Software Defined Radio and Fully Electronically Steered Multi Beam Antennas that support the advanced communications standard DVB-S2X. Geographical presence in U.S, Canada, UK and Other countries. Majority of its company revenue comes from U.S and Canada.