SKYX (SKYX Platforms) Total Inventories : $4.54 Mil (As of Sep. 2024)

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What is SKYX Platforms Total Inventories?

SKYX Platforms's total inventories for the quarter that ended in Sep. 2024 was $4.54 Mil. SKYX Platforms's average total inventories from the quarter that ended in Jun. 2024 to the quarter that ended in Sep. 2024 was $4.38 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. SKYX Platforms's Net-Net Working Capital per share for the quarter that ended in Sep. 2024 was $-0.45.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. SKYX Platforms's Days Inventory for the three months ended in Sep. 2024 was 26.07.

Inventory Turnover measures how fast the company turns over its inventory within a year. SKYX Platforms's Inventory Turnover for the quarter that ended in Sep. 2024 was 3.50.

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. SKYX Platforms's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 0.20.

SKYX Platforms Total Inventories Historical Data

The historical data trend for SKYX Platforms'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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SKYX Platforms Total Inventories Chart

SKYX Platforms Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec20

Dec21

Dec22

Dec23

Total Inventories

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2.36

0.92

1.92

3.43

SKYX Platforms Quarterly Data
	Dec17	Mar18	Jun18	Sep18	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Total Inventories	Get a 7-Day Free Trial															5.39	3.43	3.78	4.22	4.54

SKYX Platforms 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.

SKYX Platforms (NAS:SKYX) 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.

SKYX Platforms'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)
=	(10.172	+	0.75 * 2.926	+	0.5 * 4.538	-	61.136
-	0	-	0)	/	102.386
=	-0.45

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

SKYX Platforms'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
	=	4.3795	/	15.327	*	365 / 4
	=	26.07

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

SKYX Platforms'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 )
	=	15.327	/	4.3795
	=	3.50

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.

SKYX Platforms'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 )
	=	4.3795	/	22.169
	=	0.20

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.

SKYX Platforms Total Inventories Related Terms

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SKYX Platforms Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » SKYX Platforms Corp (NAS:SKYX) » Definitions » Total Inventories

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Address

2855 West McNab Road, Pompano Beach, FL, USA, 33069

Website

https://www.skyplug.com

SKYX Platforms Corp operates in the business of developing proprietary technology that enables a quick and safe installation of electrical fixtures, such as light fixtures and ceiling fans. The company's technology consists of a weight-bearing, fixable socket and a revolving plug for conducting electric power and supporting an electrical appliance attached to a wall or ceiling. The socket is comprised of a nonconductive body that houses conductive rings connectable to an electric power supply through terminals in its side exterior. The plug is also comprised of a nonconductive body that houses corresponding conductive rings, attaches to the socket via a male post and is capable of feeding electric power to an appliance. The Company generates its income from the United States.

Executives

John P. Campi	officer: Chief Executive Officer	C/O SAFETY QUICK LIGHTING & FANS CORP., 4400 NORTH POINT PARKWAY, SUITE 154, ALPHARETTA GA 30022
Ran Roland Kohen	director, 10 percent owner	20735 NE 32 PL, AVENTURA FL 33180
Dov Shiff	director, 10 percent owner	C/O SAFETY QUICK LIGHTING & FANS CORP., 4400 NORTH POINT PARKWAY, SUITE 154, ALPHARETTA GA 30022
Steven Mark Schmidt	officer: President	36 S. PENNSYLVANIA STREET, SUITE 500, INDIANAPOLIS IN 46204
Nancy Dimattia	director	C/O 14000 CARLSON PARKWAY, PLYMOUTH MN 55441
Marc Andre Boisseau	officer: Chief Financial Officer	1650 OAKBROOK DRIVE, NORCROSS GA 30093
Patricia Ann Barron	officer: Chief Operations Officer	4400 NORTH POINT PARKWAY, SUITE 154, ALPHARETTA GA 30022
Gary N Golden	director	C/O SQL TECHNOLOGIES CORP., 11030 JONES BRIDGE ROAD, STE. 206, JOHNS CREEK GA 30022
Greenstein Brayer Efrat L	director	C/O SQL TECHNOLOGIES CORP., 11030 JONES BRIDGE ROAD, STE. 206, JOHNS CREEK GA 30022
Mark J Wells	officer: President	1219 WEST 67TH STREET, CLEVELAND OH 44102
Leonard J Sokolow	director	REGATTA OFFICE PARK, WINDWARD THREE, 4TH FLOOR, WEST BAY ROAD, P.O. BOX 1114, GRAND CAYMAN E9 E9 KY11102
Thomas J Ridge	director	C/O SAFETY QUICK LIGHTING & FANS CORP., 4400 NORTH POINT PARKWAY, SUITE 154, ALPHARETTA GA 30022
Phillips S. Peter	director	C/O SAFETY QUICK LIGHTING & FANS CORP., 4400 NORTH POINT PARKWAY, SUITE 154, ALPHARETTA GA 30022
Montek 7 Sql Llc	10 percent owner	C/O SAFETY QUICK LIGHTING & FANS CORP., 4400 NORTH POINT PARKWAY, SUITE 154, ALPHARETTA GA 30022