Sigma Additive Solutions (Sigma Additive Solutions) Inventory Turnover : 0.21 (As of Sep. 2023)

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What is Sigma Additive 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. Sigma Additive Solutions's Cost of Goods Sold for the three months ended in Sep. 2023 was $0.18 Mil. Sigma Additive Solutions's Average Total Inventories for the quarter that ended in Sep. 2023 was $0.86 Mil. Sigma Additive Solutions's Inventory Turnover for the quarter that ended in Sep. 2023 was 0.21.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Sigma Additive Solutions's Days Inventory for the three months ended in Sep. 2023 was 444.58.

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. Sigma Additive Solutions's Inventory-to-Revenue for the quarter that ended in Sep. 2023 was 6.04.

Sigma Additive Solutions Inventory Turnover Historical Data

The historical data trend for Sigma Additive 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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Sigma Additive Solutions Inventory Turnover Chart

Sigma Additive Solutions Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Inventory Turnover

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1.25

1.37

0.94

0.82

0.42

Sigma Additive 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															0.09	0.04	0.07	0.04	0.21

Sigma Additive Solutions Inventory Turnover Calculation

Sigma Additive 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 )
=	0.35	/ (	(0.71	+	0.951)	/	2 )
=	0.35	/	0.8305
=	0.42

Sigma Additive 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 )
=	0.176	/ (	(0.94	+	0.775)	/	2 )
=	0.176	/	0.8575
=	0.21

Sigma Additive Solutions (NAS:SGLBW) 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.

Sigma Additive 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
	=	0.8575	/	0.176	*	365 / 4
	=	444.58

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.

Sigma Additive 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 )
	=	0.8575	/	0.142
	=	6.04

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.

Sigma Additive Solutions Inventory Turnover Related Terms

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Sigma Additive Solutions (Sigma Additive Solutions) Business Description

Industry

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NTRP:USA

Address

3900 Paseo del Sol, Santa Fe, NM, USA, 87507

Website

https://www.sigmaadditive.com

Sigma Additive Solutions Inc is a leading provider of in-process quality assurance (IPQA) software to the additive manufacturing industry. Sigma specializes in the development and commercialization of real-time monitoring and analytics solutions known as PrintRite3D for 3D metal and polymer advanced manufacturing technologies. Its principal business activities include the development of its In-Process Quality Assurance (IPQA) suite of technologies and the commercialization of both its IPQA and materials-related suite of technologies, with its focus on three-dimensional printing (3DP) industry.