VSMR (Verify Smart) Inventory Turnover : 0.00 (As of Jun. 2024)

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What is Verify Smart 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. Verify Smart's Cost of Goods Sold for the six months ended in Jun. 2024 was $0.00 Mil. Verify Smart's Average Total Inventories for the quarter that ended in Jun. 2024 was $0.01 Mil. Verify Smart's Inventory Turnover for the quarter that ended in Jun. 2024 was 0.00.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

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.

Verify Smart Inventory Turnover Historical Data

The historical data trend for Verify Smart'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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Verify Smart Inventory Turnover Chart

Verify Smart Annual Data

Trend

Jun08

Jun09

Jun10

Jun11

Jun12

Jun17

Jun18

Jun22

Jun23

Jun24

Inventory Turnover

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0.08

Verify Smart Semi-Annual Data
	Jun06	Jun07	Jun08	Jun09	Jun10	Jun11	Jun12	Jun17	Jun18	Jun22	Jun23	Jun24
Inventory Turnover	Get a 7-Day Free Trial							-	0.08	-	-	-

Verify Smart Inventory Turnover Calculation

Verify Smart's Inventory Turnover for the fiscal year that ended in Jun. 2024 is calculated as

	Inventory Turnover (A: Jun. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Jun. 2024 )	/ (	(Total Inventories (A: Jun. 2023 )	+	Total Inventories (A: Jun. 2024 ))	/	count )
=	0	/ (	(0.013	+	0.013)	/	2 )
=	0	/	0.013
=	0.00

Verify Smart's Inventory Turnover for the quarter that ended in Jun. 2024 is calculated as

	Inventory Turnover (Q: Jun. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Jun. 2024 )	/ (	(Total Inventories (Q: Jun. 2023 )	+	Total Inventories (Q: Jun. 2024 ))	/	count )
=	0	/ (	(0.013	+	0.013)	/	2 )
=	0	/	0.013
=	0.00

Verify Smart (OTCPK:VSMR) 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.

Verify Smart's Days Inventory for the six months ended in Jun. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jun. 2024 )	/	Cost of Goods Sold (Q: Jun. 2024 )	*	Days in Period
	=	0.013	/	0	*	365 / 2
	=

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.

Verify Smart's Inventory to Revenue for the quarter that ended in Jun. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jun. 2024 )	/	Revenue (Q: Jun. 2024 )
	=	0.013	/	0
	=

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.

Verify Smart Inventory Turnover Related Terms

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Verify Smart Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Verify Smart Corp (OTCPK:VSMR) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

40 Hillside Avenue, Mahwah, NJ, USA, 07430

Website

https://www.verifysmart.net

Verify Smart Corp is engaged in the business of developing and selling internet security software for credit card fraud prevention. The Company was originally formed to engage in the acquisition, exploration and development of natural resource properties.

Executives

Howard Stephen Gelfand	director, 10 percent owner, officer: PRES, CEO, TRES, CFO, SECR	5050 KINGSWAY,, BURNABY, BC A1 V5H 4H2
Gordon Koshowski	director	#109 - 114 W MAGNOLIA, SUITE 400, BELLINGHAM WA 98225

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