TBIXF (TrustBIX) Inventory Turnover : 4.00 (As of Dec. 2024)

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What is TrustBIX 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. TrustBIX's Cost of Goods Sold for the three months ended in Dec. 2024 was $0.14 Mil. TrustBIX's Average Total Inventories for the quarter that ended in Dec. 2024 was $0.04 Mil. TrustBIX's Inventory Turnover for the quarter that ended in Dec. 2024 was 4.00.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. TrustBIX's Days Inventory for the three months ended in Dec. 2024 was 22.81.

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. TrustBIX's Inventory-to-Revenue for the quarter that ended in Dec. 2024 was 0.14.

TrustBIX Inventory Turnover Historical Data

The historical data trend for TrustBIX'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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TrustBIX Inventory Turnover Chart

TrustBIX Annual Data

Trend

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Sep24

Inventory Turnover

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42.62

38.02

37.82

30.04

17.39

TrustBIX Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Inventory Turnover	Get a 7-Day Free Trial															4.05	3.06	2.66	3.33	4.00

TrustBIX Inventory Turnover Calculation

TrustBIX's Inventory Turnover for the fiscal year that ended in Sep. 2024 is calculated as

	Inventory Turnover (A: Sep. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Sep. 2024 )	/ (	(Total Inventories (A: Sep. 2023 )	+	Total Inventories (A: Sep. 2024 ))	/	count )
=	0.687	/ (	(0.041	+	0.038)	/	2 )
=	0.687	/	0.0395
=	17.39

TrustBIX's Inventory Turnover for the quarter that ended in Dec. 2024 is calculated as

	Inventory Turnover (Q: Dec. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2024 )	/ (	(Total Inventories (Q: Sep. 2024 )	+	Total Inventories (Q: Dec. 2024 ))	/	count )
=	0.142	/ (	(0.038	+	0.033)	/	2 )
=	0.142	/	0.0355
=	4.00

TrustBIX (OTCPK:TBIXF) 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.

TrustBIX's Days Inventory for the three months ended in Dec. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2024 )	/	Cost of Goods Sold (Q: Dec. 2024 )	*	Days in Period
	=	0.0355	/	0.142	*	365 / 4
	=	22.81

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.

TrustBIX's Inventory to Revenue for the quarter that ended in Dec. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2024 )	/	Revenue (Q: Dec. 2024 )
	=	0.0355	/	0.254
	=	0.14

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.

TrustBIX Inventory Turnover Related Terms

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TrustBIX Business Description

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TBIX:Canada

Address

9650 20 Avenue NW, Unit 137, Edmonton, AB, CAN, T6A 3N2

Website

https://www.trustbix.com

TrustBIX Inc goal is to create a world where trust more, waste less and reward sustainable behaviour by addressing consumer and agri-food business demands. The company's segments are: ViewTrak, the development and sale of information solutions for the livestock industry and related services; BIX, which leverages blockchain derived technology and incentive solutions to deliver independent validation of food provenance and sustainable production practices within the agri-food supply chain; and AFS, which holds the exclusive Alberta territory license for a Controlled Environment Agriculture vertical indoor farming solution. Geographically, it operates in Canada, United States and Other countries.

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