TruTrace Technologies (XCNQ:TTT) Inventory Turnover : 0.00 (As of Jan. 2023)

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What is TruTrace Technologies 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. TruTrace Technologies's Cost of Goods Sold for the three months ended in Jan. 2023 was C$0.10 Mil. TruTrace Technologies's Average Total Inventories for the quarter that ended in Jan. 2023 was C$0.00 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. TruTrace Technologies's Days Inventory for the three months ended in Jan. 2023 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. TruTrace Technologies's Inventory-to-Revenue for the quarter that ended in Jan. 2023 was 0.00.

TruTrace Technologies Inventory Turnover Historical Data

The historical data trend for TruTrace Technologies'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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TruTrace Technologies Inventory Turnover Chart

TruTrace Technologies Annual Data

Trend

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Inventory Turnover

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TruTrace Technologies Quarterly Data
	Mar18	Jul18	Oct18	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23
Inventory Turnover	Get a 7-Day Free Trial															-	-	-	-	-

TruTrace Technologies Inventory Turnover Calculation

TruTrace Technologies's Inventory Turnover for the fiscal year that ended in Apr. 2022 is calculated as

	Inventory Turnover (A: Apr. 2022 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Apr. 2022 )	/ (	(Total Inventories (A: Apr. 2021 )	+	Total Inventories (A: Apr. 2022 ))	/	count )
=	0.555	/ (	(0	+	0)	/	1 )
=	0.555	/	0
=	N/A

TruTrace Technologies's Inventory Turnover for the quarter that ended in Jan. 2023 is calculated as

	Inventory Turnover (Q: Jan. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Jan. 2023 )	/ (	(Total Inventories (Q: Oct. 2022 )	+	Total Inventories (Q: Jan. 2023 ))	/	count )
=	0.101	/ (	(0	+	0)	/	1 )
=	0.101	/	0
=	N/A

TruTrace Technologies (XCNQ:TTT) 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.

TruTrace Technologies's Days Inventory for the three months ended in Jan. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jan. 2023 )	/	Cost of Goods Sold (Q: Jan. 2023 )	*	Days in Period
	=	0	/	0.101	*	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.

TruTrace Technologies's Inventory to Revenue for the quarter that ended in Jan. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jan. 2023 )	/	Revenue (Q: Jan. 2023 )
	=	0	/	0.026
	=	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.

TruTrace Technologies Inventory Turnover Related Terms

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TruTrace Technologies Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » TruTrace Technologies Inc (XCNQ:TTT) » Definitions » Inventory Turnover

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Address

61 Regal Road, Toronto, ON, CAN, M6H 2J6

Website

https://www.trutrace.co

TruTrace Technologies Inc is the developer of fully integrated software, secured on a blockchain infrastructure, that gives clients' the ability to store, manage, share and immediately access quality assurance and testing details, COAs, as well as motion and movement intelligence on inventory. The platform was specifically designed to power the traceability of testing standards within the legal cannabis, nutraceutical, food and pharmaceutical space with a focus on the authentication of source materials or ingredients used in formulation.

Executives

Michael Kraft

Director

TruTrace Technologies Headlines

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