Sparta Commercial Services (Sparta Commercial Services) Change In Inventory : $-0.01 Mil (TTM As of Jan. 2024)

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What is Sparta Commercial Services Change In Inventory?

Sparta Commercial Services's change in inventory for the quarter that ended in Jan. 2024 was $-0.00 Mil. It means Sparta Commercial Services's inventory increased by $0.00 Mil from Oct. 2023 to Jan. 2024 .

Sparta Commercial Services's change in inventory for the fiscal year that ended in Apr. 2023 was $0.00 Mil. It means Sparta Commercial Services's inventory stayed the same from Apr. 2022 to Apr. 2023 .

Sparta Commercial Services's Total Inventories for the quarter that ended in Jan. 2024 was $0.00 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Sparta Commercial Services's Days Inventory for the quarter that ended in Jan. 2024 was 34.22.

Inventory Turnover measures how fast the company turns over its inventory within a year. Sparta Commercial Services's Inventory Turnover for the quarter that ended in Jan. 2024 was 2.67.

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. Sparta Commercial Services's Inventory-to-Revenue for the quarter that ended in Jan. 2024 was 0.08.

Sparta Commercial Services Change In Inventory Historical Data

The historical data trend for Sparta Commercial Services'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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Sparta Commercial Services Change In Inventory Chart

Sparta Commercial Services Annual Data

Trend

Apr14

Apr15

Apr16

Apr17

Apr18

Apr19

Apr20

Apr21

Apr22

Apr23

Change In Inventory

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-0.01

-0.02

0.01

Sparta Commercial Services Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Change In Inventory	Get a 7-Day Free Trial															-	-	-	-	-

Sparta Commercial Services 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 Jan. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-0.01 Mil.

Sparta Commercial Services (OTCPK:SRCO) Change In Inventory Explanation

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

Sparta Commercial Services's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	0.003	/	0.008	*	365 / 4
	=	34.22

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

Sparta Commercial Services's Inventory Turnover for the quarter that ended in Jan. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	0.008	/	0.003
	=	2.67

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.

Sparta Commercial Services's Inventory to Revenue for the quarter that ended in Jan. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0.003	/	0.037
	=	0.08

Sparta Commercial Services Change In Inventory Related Terms

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Sparta Commercial Services (Sparta Commercial Services) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Sparta Commercial Services Inc (OTCPK:SRCO) » Definitions » Change In Inventory

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Address

555 Fifth Avenue, 14th Floor, New York, NY, USA, 10017

Website

https://www.spartacommercial.com

Sparta Commercial Services Inc through its subsidiaries offers technology products and services. The company develops, manages, and markets its business mobile applications for smartphones and tablets. Its mobile application offerings range from racetracks, private clubs, country clubs, restaurants, and grocery stores. The company serves small and medium-size businesses under the tradename iMobileApp. It generates maximum revenue from the application source.

Executives

Jeffrey Buchanan Bean	director	325 COTTON AVENUE, MACON GA 31201
Anthony L Havens	director, officer: CEO	555 FIFTH AVE., 14TH FLOOR, NEW YORK NY 10017
Sandra L Ahman	director, officer: VP	555 FIFTH AVE, 14TH FLOOR, NEW YORK NY 10017
Kristian Srb	director, 10 percent owner	555 FIFTH AVE., 14TH FLOOR, NEW YORK NY 10017
Richard P Trotter	officer: COO	370 LEXINGTON AVE., SUITE 1901, NEW YORK NY 10017
Anthony William Adler	officer: EVP	462 SEVENTH AVENUE, 20TH FLOOR, NEW YORK NY 10018
Leo Long	other: 8.85% OWNER	9109 LORIET BLVD., LENEXA KS 66219
Glenn Little	other: 5% Owner	211 WEST WALL ST, MIDLAND TX 70701
Michael J Mele	officer: Chief Financial Officer	462 SEVENTH AVE, 20TH FL., C/O SPARTA COMMERCIAL SERVICES, INC., NEW YORK NY 10018
Danny Lanjewar	officer: Chief Financial Officer