QIFTF (Quorum Information Technologies) Total Inventories : $0.00 Mil (As of Sep. 2024)

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What is Quorum Information Technologies Total Inventories?

Quorum Information Technologies's total inventories for the quarter that ended in Sep. 2024 was $0.00 Mil. Quorum Information Technologies's average total inventories from the quarter that ended in Jun. 2024 to the quarter that ended in Sep. 2024 was $0.00 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Quorum Information Technologies's Net-Net Working Capital per share for the quarter that ended in Sep. 2024 was $-0.09.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Quorum Information Technologies's Days Inventory for the three months ended in Sep. 2024 was 0.00.

Inventory Turnover measures how fast the company turns over its inventory within a year.

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. Quorum Information Technologies's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 0.00.

Quorum Information Technologies Total Inventories Historical Data

The historical data trend for Quorum Information Technologies's Total Inventories 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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Quorum Information Technologies Total Inventories Chart

Quorum Information Technologies Annual Data

Trend

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Total Inventories

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0.01

0.02

0.01

Quorum Information Technologies Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Total Inventories	Get a 7-Day Free Trial															0.01	-	-	-	-

Quorum Information Technologies Total Inventories Calculation

Total Inventories includes the raw materials, work-in-process goods and completely finished goods of a company. It is a portion of a company's current assets.

Quorum Information Technologies (OTCPK:QIFTF) Total Inventories Explanation

Inventory control is an important part of business operation. If a company does not have enough inventory, it may not be able to meet customers' required delivery time. If it has too much inventory, the cost of holding the inventory can be high.

1. In Ben Graham's calculation of Net-Net Working Capital (NNWC), inventory is only considered worth half of its book value.

Quorum Information Technologies's Net-Net Working Capital Per Share for the quarter that ended in Sep. 2024 is

	Net-Net Working Capital Per Share (Q: Sep. 2024 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(1.989	+	0.75 * 2.19	+	0.5 * 0	-	10.164
-	0	-	0)	/	73.584
=	-0.09

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

Quorum Information Technologies's Days Inventory for the three months ended in Sep. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2024 )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
	=	0	/	3.679	*	365 / 4
	=	0.00

3. Inventory Turnover measures how fast the company turns over its inventory within a year.

Quorum Information Technologies's Inventory Turnover for the quarter that ended in Sep. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Sep. 2024 )	/	Average Total Inventories (Q: Sep. 2024 )
	=	3.679	/	0
	=	N/A

4. 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.

Quorum Information Technologies's Inventory to Revenue for the quarter that ended in Sep. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2024 )	/	Revenue (Q: Sep. 2024 )
	=	0	/	7.332
	=	0.00

Be Aware

Manufacturers with durable competitive advantages have the advantage that the products they sell do not change, and therefore will never become obsolete. Buffett likes this advantage.

When identifying manufacturers with durable competitive advantage, look for inventory and net earnings that rise correspondingly. This indicates that the company is finding profitable ways to increase sales which called for an increase in inventory.

Manufacturers with inventories that spike up and down are indicative of competitive industries subject to boom and bust.

Quorum Information Technologies Total Inventories Related Terms

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Quorum Information Technologies Business Description

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QIS:Canada

Address

7500 Macleod Trail South East, Suite 200, Calgary, AB, CAN, T2H 0L9

Website

https://quoruminformationsystems.com

Quorum Information Technologies Inc is an information technology company engaged in the automotive retail business. It develops, markets, implements, and supports its software products, XSELLERATOR, a Dealership Management System for the automotive market; Autovance Desk, Menu and MyDeal, a sales desking, menuing, and digital retailing system; DealerMine Service and Sales Customer Relationship Management (CRM system and Business Development Centre (BDC); and Quorum Advantage showroom system. The Company operates in three segments, Software as a saas, business development centre, and service and one-time. Its geographical segments are Canada and the United States.