Sharc International Systems (Sharc International Systems) Change In Inventory : $-0.44 Mil (TTM As of Mar. 2024)

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What is Sharc International Systems Change In Inventory?

Sharc International Systems's change in inventory for the quarter that ended in Mar. 2024 was $0.28 Mil. It means Sharc International Systems's inventory declined by $0.28 Mil from Dec. 2023 to Mar. 2024 .

Sharc International Systems's change in inventory for the fiscal year that ended in Dec. 2023 was $-0.58 Mil. It means Sharc International Systems's inventory increased by $0.58 Mil from Dec. 2022 to Dec. 2023 .

Sharc International Systems's Total Inventories for the quarter that ended in Mar. 2024 was $1.07 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Sharc International Systems's Days Inventory for the quarter that ended in Mar. 2024 was 301.77.

Inventory Turnover measures how fast the company turns over its inventory within a year. Sharc International Systems's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.30.

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. Sharc International Systems's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 2.04.

Sharc International Systems Change In Inventory Historical Data

The historical data trend for Sharc International Systems's Change In Inventory 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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Sharc International Systems Change In Inventory Chart

Sharc International Systems Annual Data

Trend

Oct14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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-0.07

-0.26

-0.15

-0.01

-0.58

Sharc International Systems Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Change In Inventory	Get a 7-Day Free Trial															0.13	-0.19	-0.17	-0.36	0.28

Sharc International Systems Change In Inventory Calculation

Change In Inventory is the difference between last period's ending inventory and the current period's ending inventory.

Change In Inventory for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-0.44 Mil.

Sharc International Systems (OTCPK:INTWF) Change In Inventory Explanation

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

Sharc International Systems's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	1.174	/	0.355	*	365 / 4
	=	301.77

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

Sharc International Systems's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	0.355	/	1.174
	=	0.30

3. 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.

Sharc International Systems's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	1.174	/	0.575
	=	2.04

Sharc International Systems Change In Inventory Related Terms

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Sharc International Systems (Sharc International Systems) Business Description

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SHRC:Canada

Address

1443 Spitfire Place, Port Coquitlam, BC, CAN, V3C 6L4

Website

https://www.sharcenergy.com

Sharc International Systems Inc is engaged in providing wastewater heat exchange expertise and products that serve commercial, industrial, public utilities and residential development projects objectives of reducing their carbon footprint while saving on energy costs. The company operates in a single operating segment namely, Sales and marketing of Wastewater energy transfer equipment.