C-Bond Systems (C-Bond Systems) Inventory Turnover : 3.25 (As of Mar. 2024)

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What is C-Bond Systems 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. C-Bond Systems's Cost of Goods Sold for the three months ended in Mar. 2024 was $0.46 Mil. C-Bond Systems's Average Total Inventories for the quarter that ended in Mar. 2024 was $0.14 Mil. C-Bond Systems's Inventory Turnover for the quarter that ended in Mar. 2024 was 3.25.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. C-Bond Systems's Days Inventory for the three months ended in Mar. 2024 was 28.05.

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. C-Bond Systems's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.15.

C-Bond Systems Inventory Turnover Historical Data

The historical data trend for C-Bond Systems'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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C-Bond Systems Inventory Turnover Chart

C-Bond Systems Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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10.17

5.28

8.21

11.94

9.11

C-Bond Systems Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial															3.60	2.35	3.03	2.60	3.25

C-Bond Systems Inventory Turnover Calculation

C-Bond Systems's Inventory Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Inventory Turnover (A: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2023 )	/ (	(Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )
=	1.18	/ (	(0.077	+	0.182)	/	2 )
=	1.18	/	0.1295
=	9.11

C-Bond Systems's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

	Inventory Turnover (Q: Mar. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2024 )	/ (	(Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )
=	0.462	/ (	(0.182	+	0.102)	/	2 )
=	0.462	/	0.142
=	3.25

C-Bond Systems (OTCPK:CBNT) 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.

C-Bond Systems's Days Inventory for the three months ended in Mar. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2024 )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
	=	0.142	/	0.462	*	365 / 4
	=	28.05

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.

C-Bond Systems's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	0.142	/	0.937
	=	0.15

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.

C-Bond Systems Inventory Turnover Related Terms

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C-Bond Systems (C-Bond Systems) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » C-Bond Systems Inc (OTCPK:CBNT) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

6035 South Loop East, Houston, TX, USA, 80525

Website

https://www.cbondsystems.com

C-Bond Systems Inc is a nanotechnology company and owner, developer, and manufacturer of the patented C-Bond technology. It operates in two divisions: C-Bond and Mobile Tint. The company generates maximum revenue from the Mobile Tint segment. Mobile Tint segment is engaged in the distribution and installation of window film solutions. C-Bond segment is engaged in the manufacturing and sale of a windshield strengthening water repellent solution as well as a disinfection product, and the sale of multi-purpose glass strengthening primer and window film mounting solutions, including ballistic-resistant film systems and a forced entry system.

Executives

Allison F Tomek	director, officer: PRESIDENT	6035 SOUTH LOOP EAST, HOUSTON TX 77033
Barry M Edelstein	director	1100 GREEN VALLEY ROAD, BRYN MAWR PA 19010
Scott Viggo Thomsen	director	6035 SOUTH LOOP EAST, HOUSTON TX 77033
Scott R Silverman	officer: CEO, PRESIDENT
Pugliese Vincent Joseph Alfred	officer: CEO, Int CFO, Treas., Sec.	6035 SOUTH LOOP EAST, HOUSTON CO 77033
Boco Investments Llc	10 percent owner	103 WEST MOUNTAIN AVENUE, FORT COLLINS CO 80524
Joni K Troska	officer: Secretary	123 NORTH COLLEGE DRIVE, STE. 200, FT. COLLINGS CO 80524
Brian L Klemsz	director, officer: CEO and CFO	1601 OFFICERS ROW, VANCOUVER WA 98661