ECN Capital (TSX:ECN.PR.C.PFD) Inventory Turnover : 0.00 (As of Dec. 2023)

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What is ECN Capital 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. ECN Capital's Cost of Goods Sold for the three months ended in Dec. 2023 was C$48.78 Mil. ECN Capital's Average Total Inventories for the quarter that ended in Dec. 2023 was C$0.00 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. ECN Capital's Days Inventory for the three months ended in Dec. 2023 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. ECN Capital's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.00.

ECN Capital Inventory Turnover Historical Data

The historical data trend for ECN Capital'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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ECN Capital Inventory Turnover Chart

ECN Capital Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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4.04

2.85

8.53

14.13

ECN Capital Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															-	-	-	-	-

ECN Capital Inventory Turnover Calculation

ECN Capital'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 )
=	190.774	/ (	(0	+	0)	/	1 )
=	190.774	/	0
=	N/A

ECN Capital's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

	Inventory Turnover (Q: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2023 )	/ (	(Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	48.782	/ (	(0	+	0)	/	1 )
=	48.782	/	0
=	N/A

ECN Capital (TSX:ECN.PR.C.PFD) 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.

ECN Capital's Days Inventory for the three months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	0	/	48.782	*	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.

ECN Capital's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	0	/	36.404
	=	0.00

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.

ECN Capital Inventory Turnover Related Terms

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ECN Capital (TSX:ECN.PR.C.PFD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » ECN Capital Corp (TSX:ECN.PR.C.PFD) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

ECNCF:USA 2EZ:Germany ECN:Canada

Address

161 Bay Street, Suite 2800, Toronto, ON, CAN, M5J2S1

Website

https://www.ecncapitalcorp.com

ECN Capital Corp is a financial business service provider. The group originates, manages, and advises on credit assets on behalf of its partners, specifically consumer loans and commercial loans. The company's operating segment includes Manufactured Housing Finance, and Recreational Vehicle and Marine (RV and Marine) Finance.

ECN Capital (TSX:ECN.PR.C.PFD) Headlines

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