Sidus Space (Sidus Space) Inventory Turnover : 0.73 (As of Mar. 2024)

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What is Sidus Space 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. Sidus Space's Cost of Goods Sold for the three months ended in Mar. 2024 was $0.97 Mil. Sidus Space's Average Total Inventories for the quarter that ended in Mar. 2024 was $1.32 Mil. Sidus Space's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.73.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Sidus Space's Days Inventory for the three months ended in Mar. 2024 was 124.78.

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. Sidus Space's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 1.26.

Sidus Space Inventory Turnover Historical Data

The historical data trend for Sidus Space'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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Sidus Space Inventory Turnover Chart

Sidus Space Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

20.06

10.03

10.63

16.47

4.80

Sidus Space Quarterly Data
	Dec19	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial											1.97	0.89	0.89	0.80	0.73

Sidus Space Inventory Turnover Calculation

Sidus Space'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 )
=	4.322	/ (	(0.583	+	1.218)	/	2 )
=	4.322	/	0.9005
=	4.80

Sidus Space's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

	Inventory Turnover (Q: Mar. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2024 )	/ (	(Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )
=	0.966	/ (	(1.218	+	1.424)	/	2 )
=	0.966	/	1.321
=	0.73

Sidus Space (NAS:SIDU) 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.

Sidus Space's Days Inventory for the three months ended in Mar. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2024 )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
	=	1.321	/	0.966	*	365 / 4
	=	124.78

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.

Sidus Space's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	1.321	/	1.05
	=	1.26

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.

Sidus Space Inventory Turnover Related Terms

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Sidus Space (Sidus Space) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Sidus Space Inc (NAS:SIDU) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

150 N. Sykes Creek Parkway, Suite 200, Merritt Island, FL, USA, 32953

Website

https://www.sidusspace.com

Sidus Space Inc is a Space and Defense as-a-Service company focused on providing complex space hardware, satellite/spacecraft design, manufacture, launch, and data solutions for both government and commercial in-space missions for all destinations through the solar system. This includes a Space-based infrastructure of multi-mission satellites with hyperspectral, multi-spectral and other sensors to provide monitoring services and solutions to multiple sectors and industries. The company supports Commercial Space, Aerospace, Defense, Underwater Marine and other commercial and government customers.

Executives

Carol Marlene Craig	director, 10 percent owner, officer: CEO	150 N. SYKES CREEK PKWY, SUITE 200, MERRITT ISLAND FL 32953
Leonardo Riera	director	18688 SEA TURTLE LANE, BOCA RATON FL 33498
Miguel Valero	director	150 N. SYKES CREEK PARKWAY, SUITE 200, MERRITT ISLAND FL 32953
Oliver John Cole	director	150 N. SYKES CREEK PARKWAY, SUITE 200, MERRITT ISLAND FL 32943
Dana S Kilborne	director	102 WEST BAKER STREET, PLANT CITY FL 33563
Scott J Silverman	officer: Chief Financial Officer	1825 PONCE DE LEON BLVD., SUITE 411, CORAL GABLES FL 33134