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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. SharpSpring's Cost of Goods Sold for the three months ended in Jun. 2021 was $1.98 Mil. SharpSpring's Average Total Inventories for the quarter that ended in Jun. 2021 was $0.00 Mil.
Days Inventory indicates the number of days of goods in sales that a company has in the inventory. SharpSpring's Days Inventory for the three months ended in Jun. 2021 was 0.00.
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. SharpSpring's Inventory-to-Revenue for the quarter that ended in Jun. 2021 was 0.00.
The historical data trend for SharpSpring'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.
SharpSpring Annual Data | |||||||||||||||||||||
Trend | Dec11 | Dec12 | Dec13 | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | |||||||||||
Inventory Turnover | Get a 7-Day Free Trial | - | - | - | - | - |
SharpSpring Quarterly Data | ||||||||||||||||||||
Sep16 | Dec16 | Mar17 | Jun17 | Sep17 | Dec17 | Mar18 | Jun18 | Sep18 | Dec18 | Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | |
Inventory Turnover | Get a 7-Day Free Trial | - | - | - | - | - |
SharpSpring's Inventory Turnover for the fiscal year that ended in Dec. 2020 is calculated as
Inventory Turnover (A: Dec. 2020 ) | |||||||
= | Cost of Goods Sold | / | Average Total Inventories | ||||
= | Cost of Goods Sold (A: Dec. 2020 ) | / ( | (Total Inventories (A: Dec. 2019 ) | + | Total Inventories (A: Dec. 2020 )) | / | count ) |
= | 8.063 | / ( | (0 | + | 0) | / | 1 ) |
= | 8.063 | / | 0 | ||||
= | N/A |
SharpSpring's Inventory Turnover for the quarter that ended in Jun. 2021 is calculated as
Inventory Turnover (Q: Jun. 2021 ) | |||||||
= | Cost of Goods Sold | / | Average Total Inventories | ||||
= | Cost of Goods Sold (Q: Jun. 2021 ) | / ( | (Total Inventories (Q: Mar. 2021 ) | + | Total Inventories (Q: Jun. 2021 )) | / | count ) |
= | 1.984 | / ( | (0 | + | 0) | / | 1 ) |
= | 1.984 | / | 0 | ||||
= | N/A |
* 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.
SharpSpring (NAS:SHSP) 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.
SharpSpring's Days Inventory for the three months ended in Jun. 2021 is calculated as:
Days Inventory | = | Average Total Inventories (Q: Jun. 2021 ) | / | Cost of Goods Sold (Q: Jun. 2021 ) | * | Days in Period |
= | 0 | / | 1.984 | * | 365 / 4 | |
= | 0.00 |
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.
SharpSpring's Inventory to Revenue for the quarter that ended in Jun. 2021 is calculated as
Inventory-to-Revenue | = | Average Total Inventories (Q: Jun. 2021 ) | / | Revenue (Q: Jun. 2021 ) |
= | 0 | / | 8.106 | |
= | 0.00 |
* 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.
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.
Thank you for viewing the detailed overview of SharpSpring's Inventory Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.
Richard Alan Carlson | director, officer: CEO and President | 304 WEST UNIVERSITY AVENUE GAINESVILLE FL 32601 |
Travis Whitton | officer: Chief Technology Officer | 304 WEST UNIVERSITY AVENUE GAINESVILLE FL 32601 |
Greenhaven Road Capital Fund 1, L.p. | director | 8 SOUND SHORE DRIVE, C/O ROYCE & ASSOCIATES, SUITE 190, GREENWICH CT 06830 |
Greenhaven Road Investment Management, L.p. | director | 8 SOUND SHORE DRIVE, C/O ROYCE & ASSOCIATES, SUITE 190, GREENWICH CT 06830 |
Mvm Funds Llc | director | 8 SOUND SHORE DRIVE, C/O ROYCE & ASSOCIATES, SUITE 190, GREENWICH CT 06930 |
Scott Stewart Miller | director, 10 percent owner | 70 GREENHAVEN ROAD, RYE NY 10580 |
David A. Buckel | director | SHARPSPRING, 550 SW 2ND AVENUE, GAINESVILLE FL 32601 |
Steven A. Huey | director | C/O SHARPSPRING 550 SW 2ND AVENUE GAINESVILLE FL 32601 |
Savneet Singh | director | 120 RIVERSIDE BLVD, PH 2K, NEW YORK NY 10069 |
Greenhaven Road Capital Fund 2, L.p. | director | 8 SOUND SHORE DRIVE, C/O ROYCE & ASSOCIATES, SUITE 190, GREENWICH CT 06830 |
Marietta Davis | director | C/O SHARPSPRING, 550 SW 2ND AVENUE, GAINESVILLE FL 32601 |
Aaron David Jackson | officer: Interim CFO | 2034 SW 73RD TER GAINESVILLE FL 32607 |
Michael Power | officer: Chief Financial Officer | 5001 CELEBRATION POINTE AVE SUITE 410 GAINESVILLE FL 32608 |
Cat Rock Capital Management Lp | 10 percent owner | 8 SOUND SHORE DRIVE, SUITE 250 GREENWICH CT 06830 |
Daniel Allen | director | 299 PARK AVENUE SOUTH, SUITE 90959, NEW YORK NY 10003 |
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