iWOW Technology (SGX:NXR) Inventory Turnover : 3.80 (As of Sep. 2024)

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What is iWOW Technology 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. iWOW Technology's Cost of Goods Sold for the six months ended in Sep. 2024 was S$11.12 Mil. iWOW Technology's Average Total Inventories for the quarter that ended in Sep. 2024 was S$2.93 Mil. iWOW Technology's Inventory Turnover for the quarter that ended in Sep. 2024 was 3.80.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. iWOW Technology's Days Inventory for the six months ended in Sep. 2024 was 48.02.

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. iWOW Technology's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 0.17.

iWOW Technology Inventory Turnover Historical Data

The historical data trend for iWOW Technology'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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iWOW Technology Inventory Turnover Chart

iWOW Technology Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

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19.17

32.13

20.38

5.96

7.65

iWOW Technology Semi-Annual Data
	Mar19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24
Inventory Turnover	Get a 7-Day Free Trial						10.70	1.75	2.48	4.57	3.80

iWOW Technology Inventory Turnover Calculation

iWOW Technology's Inventory Turnover for the fiscal year that ended in Mar. 2024 is calculated as

	Inventory Turnover (A: Mar. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Mar. 2024 )	/ (	(Total Inventories (A: Mar. 2023 )	+	Total Inventories (A: Mar. 2024 ))	/	count )
=	30.873	/ (	(4.186	+	3.888)	/	2 )
=	30.873	/	4.037
=	7.65

iWOW Technology'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: Mar. 2024 )	+	Total Inventories (Q: Sep. 2024 ))	/	count )
=	11.124	/ (	(3.888	+	1.966)	/	2 )
=	11.124	/	2.927
=	3.80

iWOW Technology (SGX:NXR) 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.

iWOW Technology's Days Inventory for the six 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
	=	2.927	/	11.124	*	365 / 2
	=	48.02

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.

iWOW Technology'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 )
	=	2.927	/	17.07
	=	0.17

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.

iWOW Technology Inventory Turnover Related Terms

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iWOW Technology Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » iWOW Technology Ltd (SGX:NXR) » Definitions » Inventory Turnover

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Address

Block 1004, Toa Payoh North No. 02-17, Singapore, SGP, 318995

Website

https://www.iwow.com.sg

iWOW Technology Ltd is a technology provider specializing in integrated wireless IOT solutions offered as a service. It combines custom-designed hardware with cloud-based software to create end-to-end IoT solutions that help clients to digitalize businesses. It offers IoT solutions in Smart Metering, Smart Tracking, and Smart City Applications.