SmartCool Systems (SmartCool Systems) Inventory Turnover : 0.76 (As of Sep. 2019)

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What is SmartCool Systems 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. SmartCool Systems's Cost of Goods Sold for the three months ended in Sep. 2019 was $0.20 Mil. SmartCool Systems's Average Total Inventories for the quarter that ended in Sep. 2019 was $0.26 Mil. SmartCool Systems's Inventory Turnover for the quarter that ended in Sep. 2019 was 0.76.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. SmartCool Systems's Days Inventory for the three months ended in Sep. 2019 was 120.14.

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. SmartCool Systems's Inventory-to-Revenue for the quarter that ended in Sep. 2019 was 0.48.

SmartCool Systems Inventory Turnover Historical Data

The historical data trend for SmartCool Systems'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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SmartCool Systems Inventory Turnover Chart

SmartCool Systems Annual Data

Trend

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Inventory Turnover

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0.77

1.32

3.86

0.85

0.68

SmartCool Systems Quarterly Data
	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Mar19	Jun19	Sep19
Inventory Turnover	Get a 7-Day Free Trial															0.14	-0.03	0.53	0.41	0.76

SmartCool Systems Inventory Turnover Calculation

SmartCool Systems's Inventory Turnover for the fiscal year that ended in Dec. 2017 is calculated as

	Inventory Turnover (A: Dec. 2017 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2017 )	/ (	(Total Inventories (A: Dec. 2016 )	+	Total Inventories (A: Dec. 2017 ))	/	count )
=	0.095	/ (	(0.106	+	0.175)	/	2 )
=	0.095	/	0.1405
=	0.68

SmartCool Systems's Inventory Turnover for the quarter that ended in Sep. 2019 is calculated as

	Inventory Turnover (Q: Sep. 2019 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Sep. 2019 )	/ (	(Total Inventories (Q: Jun. 2019 )	+	Total Inventories (Q: Sep. 2019 ))	/	count )
=	0.199	/ (	(0.26	+	0.264)	/	2 )
=	0.199	/	0.262
=	0.76

SmartCool Systems (OTCPK:SSCFF) 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.

SmartCool Systems's Days Inventory for the three months ended in Sep. 2019 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2019 )	/	Cost of Goods Sold (Q: Sep. 2019 )	*	Days in Period
	=	0.262	/	0.199	*	365 / 4
	=	120.14

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.

SmartCool Systems's Inventory to Revenue for the quarter that ended in Sep. 2019 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2019 )	/	Revenue (Q: Sep. 2019 )
	=	0.262	/	0.55
	=	0.48

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.

SmartCool Systems Inventory Turnover Related Terms

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SmartCool Systems (SmartCool Systems) Business Description

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Address

12 - 1350 W. 14th Avenue, Vancouver, BC, CAN, V6H 1R1

Website

https://www.smartcool.net

SmartCool Systems Inc is a clean technology company. The firm and its subsidiaries are focused on acquiring, commercializing, and marketing energy-saving technologies for commercial and retail businesses. The company has two principal revenue streams namely ESM and ECO3. The ESM is manufactured by a third party in Australia and is designed specifically to reduce the electricity consumption and demand for refrigeration and air conditioning compressors by improving their performance and maintaining temperature control. ECO3 is manufactured in China and is a retrofit product that can be installed on any air conditioning or refrigeration unit, achieving energy efficiency gains as the ESM for smaller systems. The firm generates most of its revenue from Europe, the Middle East, and Africa.

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