Coda Octopus Group (Coda Octopus Group) Inventory Turnover : 0.11 (As of Jan. 2024)

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What is Coda Octopus Group 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. Coda Octopus Group's Cost of Goods Sold for the three months ended in Jan. 2024 was $1.37 Mil. Coda Octopus Group's Average Total Inventories for the quarter that ended in Jan. 2024 was $12.23 Mil. Coda Octopus Group's Inventory Turnover for the quarter that ended in Jan. 2024 was 0.11.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Coda Octopus Group's Days Inventory for the three months ended in Jan. 2024 was 812.05.

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. Coda Octopus Group's Inventory-to-Revenue for the quarter that ended in Jan. 2024 was 2.74.

Coda Octopus Group Inventory Turnover Historical Data

The historical data trend for Coda Octopus Group'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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Coda Octopus Group Inventory Turnover Chart

Coda Octopus Group Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Inventory Turnover

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1.88

1.01

0.66

0.68

0.58

Coda Octopus Group Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Inventory Turnover	Get a 7-Day Free Trial															0.17	0.15	0.13	0.11	0.11

Coda Octopus Group Inventory Turnover Calculation

Coda Octopus Group's Inventory Turnover for the fiscal year that ended in Oct. 2023 is calculated as

	Inventory Turnover (A: Oct. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Oct. 2023 )	/ (	(Total Inventories (A: Oct. 2022 )	+	Total Inventories (A: Oct. 2023 ))	/	count )
=	6.321	/ (	(10.027	+	11.686)	/	2 )
=	6.321	/	10.8565
=	0.58

Coda Octopus Group's Inventory Turnover for the quarter that ended in Jan. 2024 is calculated as

	Inventory Turnover (Q: Jan. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Jan. 2024 )	/ (	(Total Inventories (Q: Oct. 2023 )	+	Total Inventories (Q: Jan. 2024 ))	/	count )
=	1.374	/ (	(11.686	+	12.769)	/	2 )
=	1.374	/	12.2275
=	0.11

Coda Octopus Group (NAS:CODA) 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.

Coda Octopus Group's Days Inventory for the three months ended in Jan. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jan. 2024 )	/	Cost of Goods Sold (Q: Jan. 2024 )	*	Days in Period
	=	12.2275	/	1.374	*	365 / 4
	=	812.05

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.

Coda Octopus Group's Inventory to Revenue for the quarter that ended in Jan. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jan. 2024 )	/	Revenue (Q: Jan. 2024 )
	=	12.2275	/	4.461
	=	2.74

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.

Coda Octopus Group Inventory Turnover Related Terms

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Coda Octopus Group (Coda Octopus Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Coda Octopus Group Inc (NAS:CODA) » Definitions » Inventory Turnover

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Traded in Other Exchanges

N/A

Address

3300 S Hiawassee Road, Suite 104-105, Orlando, FL, USA, 32835

Website

https://www.codaoctopusgroup.com

Coda Octopus Group Inc develops underwater technologies and equipment for imaging, mapping defense, and survey applications. It operates in two segments: Marine Technology Business and Marine Engineering Business. The Technology Business develops proprietary solutions for both the commercial and defense subsea market. Its solutions include hardware and software for Geophysical Systems, Motion & Positioning Systems, and Real-Time Volumetric Imaging Sonar. The Engineering Business segment provides engineering services to a range of clients in the defense markets. Its geographical segments are the Americas, Europe, Australia/Asia, and the Middle East/Africa. The majority of revenue is derived from the Marine Technology Business segment.

Executives

Annmarie Gayle	director, officer: Chief Executive Officer	6526 COTTONWOOD ST,, MURRAY UT 84107
Niels Soendergaard	10 percent owner	6526 COTTONWOOD ST, MURRAY UT 84107
G Tyler Runnels	10 percent owner	1999 AVENUE OF THE STARS, STE 2030, LOS ANGELES CA 90067
John Steven Emerson	10 percent owner	1522 ENSLEY AVENUE, LOS ANGELES CA 90024
Anthony Jean Tata	director	1 WATER CLUB WAY,, PH2104, NORTH PALM BEACH FL 33408
Robert Ronald Harcourt	director	3078 BRINE WAY, THE VILLAGES FL 32163
Gayle Michelle Jardine	officer: Interim CFO.	12 RAVELRIG GAIT,, BALERNO, EDINBURGH X0 EH14 7NH
Blair Graeme Cunningham	officer: Chief Technology Officer	164 WEST 25TH STREET, NEW YORK NY 10001
Nathan William Parker	officer: Chief Financial Officer.	14061 S. OLD SADDLE RD, DRAPER UT 84020
Kevin James Kane	officer: CEO Coda Octopus Colmek, Inc.	11864 VISTA GLEN CT, SANDY UT 84092
Michael Midgley	officer: Acting Chief Financial Officer	6526 COTTONWOOD ST,, MURRAY UT 84107
Michael J. Hamilton	director	NEWPORT OFFICE CENTER, 111 TOWN SQUARE PLACE, SUITE 1201, JERSEY CITY NJ 07310
Bryan Ezralow	10 percent owner	THE EZRALOW CO, LLC, 23622 CALABASAS ROAD, SUITE 200, CALABASAS CA 91302-1549
Mary Losty	director	613 LOCUST ST, CAMBRIDGE MD 21613
Joseph Charles Plumb	director	3917, FAIRBREEZE CIR, WESTLAKE VLG CA 91361