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Adya (TSXV:ADYA) Inventory Turnover : 12.86 (As of Sep. 2023)


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What is Adya 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. Adya's Cost of Goods Sold for the three months ended in Sep. 2023 was C$0.18 Mil. Adya's Average Total Inventories for the quarter that ended in Sep. 2023 was C$0.01 Mil. Adya's Inventory Turnover for the quarter that ended in Sep. 2023 was 12.86.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Adya's Days Inventory for the three months ended in Sep. 2023 was 7.10.

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. Adya's Inventory-to-Revenue for the quarter that ended in Sep. 2023 was 0.03.


Adya Inventory Turnover Historical Data

The historical data trend for Adya'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.

* Premium members only.

Adya Inventory Turnover Chart

Adya Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Inventory Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 111.56 111.77 102.18 74.37 75.40

Adya Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
Inventory Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 16.15 27.19 19.19 21.87 12.86

Adya Inventory Turnover Calculation

Adya's Inventory Turnover for the fiscal year that ended in Dec. 2022 is calculated as

Inventory Turnover (A: Dec. 2022 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (A: Dec. 2022 ) / ((Total Inventories (A: Dec. 2021 ) + Total Inventories (A: Dec. 2022 )) / count )
=1.885 / ((0.034 + 0.016) / 2 )
=1.885 / 0.025
=75.40

Adya's Inventory Turnover for the quarter that ended in Sep. 2023 is calculated as

Inventory Turnover (Q: Sep. 2023 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (Q: Sep. 2023 ) / ((Total Inventories (Q: Jun. 2023 ) + Total Inventories (Q: Sep. 2023 )) / count )
=0.18 / ((0.014 + 0.014) / 2 )
=0.18 / 0.014
=12.86

* 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.


Adya  (TSXV:ADYA) 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.

Adya's Days Inventory for the three months ended in Sep. 2023 is calculated as:

Days Inventory =Average Total Inventories (Q: Sep. 2023 )/Cost of Goods Sold (Q: Sep. 2023 )*Days in Period
=0.014/0.18*365 / 4
=7.10

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.

Adya's Inventory to Revenue for the quarter that ended in Sep. 2023 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Sep. 2023 ) / Revenue (Q: Sep. 2023 )
=0.014 / 0.448
=0.03

* 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.


Adya Inventory Turnover Related Terms

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Adya (TSXV:ADYA) Business Description

Traded in Other Exchanges
N/A
Address
675 Cochrane Drive, Suite 100, North Tower, Markham, ON, CAN, L3R 0B8
Adya Inc is a Canada-based company engaged in providing full-service telecommunication services. The service line of the company consists of dial-around services and subscription-based packages. It also provides cloud-based call recording, business phone, business internet, number 100, and others. The company operates its business through geographic segments that include Canada and the United States of America. The Canadian region generates maximum revenue for the company.

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