Urbanimmersive (Urbanimmersive) Inventory Turnover : 71.11 (As of Jun. 2023)

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What is Urbanimmersive 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. Urbanimmersive's Cost of Goods Sold for the three months ended in Jun. 2023 was $1.67 Mil. Urbanimmersive's Average Total Inventories for the quarter that ended in Jun. 2023 was $0.02 Mil. Urbanimmersive's Inventory Turnover for the quarter that ended in Jun. 2023 was 71.11.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Urbanimmersive's Days Inventory for the three months ended in Jun. 2023 was 1.28.

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. Urbanimmersive's Inventory-to-Revenue for the quarter that ended in Jun. 2023 was 0.01.

Urbanimmersive Inventory Turnover Historical Data

The historical data trend for Urbanimmersive'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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Urbanimmersive Inventory Turnover Chart

Urbanimmersive Annual Data

Trend

Sep13

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Inventory Turnover

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22.62

21.27

69.54

Urbanimmersive Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23
Inventory Turnover	Get a 7-Day Free Trial															39.54	46.87	68.38	62.68	71.11

Urbanimmersive Inventory Turnover Calculation

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

	Inventory Turnover (A: Sep. 2022 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Sep. 2022 )	/ (	(Total Inventories (A: Sep. 2021 )	+	Total Inventories (A: Sep. 2022 ))	/	count )
=	4.068	/ (	(0.093	+	0.024)	/	2 )
=	4.068	/	0.0585
=	69.54

Urbanimmersive's Inventory Turnover for the quarter that ended in Jun. 2023 is calculated as

	Inventory Turnover (Q: Jun. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Jun. 2023 )	/ (	(Total Inventories (Q: Mar. 2023 )	+	Total Inventories (Q: Jun. 2023 ))	/	count )
=	1.671	/ (	(0.023	+	0.024)	/	2 )
=	1.671	/	0.0235
=	71.11

Urbanimmersive (OTCPK:UBMRF) 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.

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

Days Inventory	=	Average Total Inventories (Q: Jun. 2023 )	/	Cost of Goods Sold (Q: Jun. 2023 )	*	Days in Period
	=	0.0235	/	1.671	*	365 / 4
	=	1.28

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.

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

Inventory-to-Revenue	=	Average Total Inventories (Q: Jun. 2023 )	/	Revenue (Q: Jun. 2023 )
	=	0.0235	/	2.019
	=	0.01

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.

Urbanimmersive Inventory Turnover Related Terms

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Urbanimmersive (Urbanimmersive) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Urbanimmersive Inc (OTCPK:UBMRF) » Definitions » Inventory Turnover

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Address

3899, Autoroute des Laurentides, Suite 203, Laval, QC, CAN, H7L 3H7

Website

https://www.urbanimmersive.com

Urbanimmersive Inc is a SaaS business management solution that provides mission-critical solutions to visual content providers serving the real estate residential, commercial, construction, and local business markets. The Urbanimmersive platform helps customers to increase operational productivity and delivering the full potential of visual content creations through leading-edge website builder tool, AI-backed image indexing, robust file transfer systems, and interactive visual technology solutions. Its operating segment includes Software; Photography Equipment and Services. The company generates maximum revenue from the Services segment.