Clear Blue Technologies International (TSXV:CBLU) Inventory Turnover : 0.05 (As of Sep. 2024)

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What is Clear Blue Technologies International 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. Clear Blue Technologies International's Cost of Goods Sold for the three months ended in Sep. 2024 was C$0.20 Mil. Clear Blue Technologies International's Average Total Inventories for the quarter that ended in Sep. 2024 was C$4.01 Mil. Clear Blue Technologies International's Inventory Turnover for the quarter that ended in Sep. 2024 was 0.05.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Clear Blue Technologies International's Days Inventory for the three months ended in Sep. 2024 was 1,829.11.

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. Clear Blue Technologies International's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 10.86.

Clear Blue Technologies International Inventory Turnover Historical Data

The historical data trend for Clear Blue Technologies International'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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Clear Blue Technologies International Inventory Turnover Chart

Clear Blue Technologies International Annual Data

Trend

Dec16

Apr17

Apr18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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2.66

2.04

2.41

0.51

0.89

Clear Blue Technologies International Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Inventory Turnover	Get a 7-Day Free Trial															0.44	0.27	0.14	0.21	0.05

Clear Blue Technologies International Inventory Turnover Calculation

Clear Blue Technologies International'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 )
=	2.933	/ (	(3.118	+	3.486)	/	2 )
=	2.933	/	3.302
=	0.89

Clear Blue Technologies International's Inventory Turnover for the quarter that ended in Sep. 2024 is calculated as

	Inventory Turnover (Q: Sep. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Sep. 2024 )	/ (	(Total Inventories (Q: Jun. 2024 )	+	Total Inventories (Q: Sep. 2024 ))	/	count )
=	0.2	/ (	(4.088	+	3.93)	/	2 )
=	0.2	/	4.009
=	0.05

Clear Blue Technologies International (TSXV:CBLU) 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.

Clear Blue Technologies International's Days Inventory for the three months ended in Sep. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2024 )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
	=	4.009	/	0.2	*	365 / 4
	=	1,829.11

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.

Clear Blue Technologies International's Inventory to Revenue for the quarter that ended in Sep. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2024 )	/	Revenue (Q: Sep. 2024 )
	=	4.009	/	0.369
	=	10.86

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.

Clear Blue Technologies International Inventory Turnover Related Terms

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Clear Blue Technologies International Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Clear Blue Technologies International Inc (TSXV:CBLU) » Definitions » Inventory Turnover

Traded in Other Exchanges

CBUTD:USA 0YA0:Germany

Address

30 Lesmill Road, Unit 7, Toronto, ON, CAN, M3B 2T6

Website

https://www.clearbluetechnologies.com

Clear Blue Technologies International Inc is engaged in the business of developing and selling Smart Off-Grid power solutions and management services to the power, control, monitor, manage, and proactively service solar and hybrid-powered systems such as street lights, security systems, telecommunications systems, emergency power, and Internet of Things (IoT) devices. The Company operates in three geographical areas: Canada, the United States of America, the Middle East, and Africa.

Executives

Jason Richard Woerner	Senior Officer
Miriam Tuerk	Director, Senior Officer
Steven Elliott Parry	Director
John Tuerk	Director
Lawrence Yokwei Tjan	Senior Officer

Clear Blue Technologies International Headlines

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