TrackX Holdings (TSXV:TKX.H) Inventory Turnover : 0.00 (As of Jun. 2022)

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What is TrackX Holdings 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. TrackX Holdings's Cost of Goods Sold for the three months ended in Jun. 2022 was C$0.24 Mil. TrackX Holdings's Average Total Inventories for the quarter that ended in Jun. 2022 was C$0.00 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. TrackX Holdings's Days Inventory for the three months ended in Jun. 2022 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. TrackX Holdings's Inventory-to-Revenue for the quarter that ended in Jun. 2022 was 0.00.

TrackX Holdings Inventory Turnover Historical Data

The historical data trend for TrackX Holdings'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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TrackX Holdings Inventory Turnover Chart

TrackX Holdings Annual Data

Trend

Sep12

Sep13

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Inventory Turnover

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22.92

21.91

10.50

10.41

TrackX Holdings Quarterly Data
	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22
Inventory Turnover	Get a 7-Day Free Trial															3.05	4.54	-	-	-

TrackX Holdings Inventory Turnover Calculation

TrackX Holdings's Inventory Turnover for the fiscal year that ended in Sep. 2021 is calculated as

	Inventory Turnover (A: Sep. 2021 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Sep. 2021 )	/ (	(Total Inventories (A: Sep. 2020 )	+	Total Inventories (A: Sep. 2021 ))	/	count )
=	1.718	/ (	(0.165	+	0)	/	1 )
=	1.718	/	0.165
=	10.41

TrackX Holdings's Inventory Turnover for the quarter that ended in Jun. 2022 is calculated as

	Inventory Turnover (Q: Jun. 2022 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Jun. 2022 )	/ (	(Total Inventories (Q: Mar. 2022 )	+	Total Inventories (Q: Jun. 2022 ))	/	count )
=	0.237	/ (	(0	+	0)	/	1 )
=	0.237	/	0
=	N/A

TrackX Holdings (TSXV:TKX.H) 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.

TrackX Holdings's Days Inventory for the three months ended in Jun. 2022 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jun. 2022 )	/	Cost of Goods Sold (Q: Jun. 2022 )	*	Days in Period
	=	0	/	0.237	*	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.

TrackX Holdings's Inventory to Revenue for the quarter that ended in Jun. 2022 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jun. 2022 )	/	Revenue (Q: Jun. 2022 )
	=	0	/	0.348
	=	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.

TrackX Holdings Inventory Turnover Related Terms

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TrackX Holdings (TSXV:TKX.H) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » TrackX Holdings Inc (TSXV:TKX.H) » Definitions » Inventory Turnover

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Address

800 West Pender Street, Suite 1430, Vancouver, BC, CAN, V6C 2V6

Website

https://www.trackx.com

TrackX Holdings Inc provides cloud-based, asset tracking solutions for supply chain and logistics-intensive businesses. Its platform combines support for multiple auto-identification (ID) technologies, workflow, event management, alert notifications, and analytics. The company solutions include high-value asset tracking, yard management, returnable asset management, manufacturing process tracking, and supply chain management, and mobile inventory management solutions. It delivers services to various industries, including transportation, government, healthcare, hi-tech, hospitality, mining, beverage, agriculture, and horticulture. Its operations are primarily conducted in the United States.

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