NetCents Technology (XCNQ:NC) Inventory Turnover : 0.00 (As of Jul. 2020)

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What is NetCents Technology 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. NetCents Technology's Cost of Goods Sold for the three months ended in Jul. 2020 was C$0.02 Mil. NetCents Technology's Average Total Inventories for the quarter that ended in Jul. 2020 was C$0.00 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. NetCents Technology's Days Inventory for the three months ended in Jul. 2020 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. NetCents Technology's Inventory-to-Revenue for the quarter that ended in Jul. 2020 was 0.00.

NetCents Technology Inventory Turnover Historical Data

The historical data trend for NetCents Technology'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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NetCents Technology Inventory Turnover Chart

NetCents Technology Annual Data

Trend

Oct15

Oct16

Oct17

Oct18

Oct19

Inventory Turnover

NetCents Technology Quarterly Data
	Oct15	Jan16	Apr16	Jul16	Oct16	Jan17	Apr17	Jul17	Oct17	Jan18	Apr18	Jul18	Oct18	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20
Inventory Turnover	Get a 7-Day Free Trial															-	-	-	-	-

NetCents Technology Inventory Turnover Calculation

NetCents Technology's Inventory Turnover for the fiscal year that ended in Oct. 2019 is calculated as

	Inventory Turnover (A: Oct. 2019 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Oct. 2019 )	/ (	(Total Inventories (A: Oct. 2018 )	+	Total Inventories (A: Oct. 2019 ))	/	count )
=	0.03	/ (	(0	+	0)	/	1 )
=	0.03	/	0
=	N/A

NetCents Technology's Inventory Turnover for the quarter that ended in Jul. 2020 is calculated as

	Inventory Turnover (Q: Jul. 2020 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Jul. 2020 )	/ (	(Total Inventories (Q: Apr. 2020 )	+	Total Inventories (Q: Jul. 2020 ))	/	count )
=	0.023	/ (	(0	+	0)	/	1 )
=	0.023	/	0
=	N/A

NetCents Technology (XCNQ:NC) 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.

NetCents Technology's Days Inventory for the three months ended in Jul. 2020 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jul. 2020 )	/	Cost of Goods Sold (Q: Jul. 2020 )	*	Days in Period
	=	0	/	0.023	*	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.

NetCents Technology's Inventory to Revenue for the quarter that ended in Jul. 2020 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jul. 2020 )	/	Revenue (Q: Jul. 2020 )
	=	0	/	0.07
	=	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.

NetCents Technology Inventory Turnover Related Terms

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NetCents Technology (XCNQ:NC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » NetCents Technology Inc (XCNQ:NC) » Definitions » Inventory Turnover

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Traded in Other Exchanges

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Address

350-375 Water Street, Vancouver, BC, CAN, V6B 5C6

Website

https://www.net-cents.com

NetCents Technology Inc is engaged in software development for the payment processing industry. It helps in KYC, AML, IP Verification, eWallets, Merchant Gateway, Blockchain and Cryptocurrency Technology, Risk and Fraud Reduction, and Instant Settlements.