Electronic Systems Technology (Electronic Systems Technology) Inventory Turnover : 0.24 (As of Mar. 2024)

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What is Electronic Systems Technology 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. Electronic Systems Technology's Cost of Goods Sold for the three months ended in Mar. 2024 was $0.16 Mil. Electronic Systems Technology's Average Total Inventories for the quarter that ended in Mar. 2024 was $0.68 Mil. Electronic Systems Technology's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.24.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Electronic Systems Technology's Days Inventory for the three months ended in Mar. 2024 was 383.14.

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. Electronic Systems Technology's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 1.90.

Electronic Systems Technology Inventory Turnover Historical Data

The historical data trend for Electronic Systems Technology'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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Electronic Systems Technology Inventory Turnover Chart

Electronic Systems Technology Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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0.86

0.84

1.31

1.44

1.04

Electronic Systems Technology 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															0.19	0.34	0.22	0.21	0.24

Electronic Systems Technology Inventory Turnover Calculation

Electronic Systems Technology'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 )
=	0.749	/ (	(0.725	+	0.722)	/	2 )
=	0.749	/	0.7235
=	1.04

Electronic Systems Technology'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 )
=	0.161	/ (	(0.722	+	0.63)	/	2 )
=	0.161	/	0.676
=	0.24

Electronic Systems Technology (OTCPK:ELST) 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.

Electronic Systems Technology'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
	=	0.676	/	0.161	*	365 / 4
	=	383.14

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.

Electronic Systems Technology'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 )
	=	0.676	/	0.356
	=	1.90

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.

Electronic Systems Technology Inventory Turnover Related Terms

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Electronic Systems Technology (Electronic Systems Technology) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Electronic Systems Technology Inc (OTCPK:ELST) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

415 N. Roosevelt Street, STE B1, Kennewick, WA, USA, 99336

Website

https://www.esteem.com

Electronic Systems Technology Inc is engaged in the development and manufacturing of digital data (non-voice) radio transceivers for use in industrial wireless networking applications. It designs, develops, manufactures, and markets industrial wireless products and accessories. The company's products provide communication solutions for applications underutilized by conventional, commercial-grade communication systems. It offers product lines in markets for process automation in commercial, industrial, and government arenas domestically as well as internationally.

Executives

Daniel M. Tolley	director	C/O ELECTRONIC SYSTEMS TECHNOLOGY, INC., 415 N. ROOSEVELT ST., STE B1, KENNEWICH WA 99336
Michael William Eller	director, officer: President	415 N QUAY, BLDG B1, KENNEWICK WA 99336
Partners Lllp Edco	10 percent owner	4605 S DENICE DR, ENGLEWOOD CO 80111
Zeff Capital, Lp	10 percent owner	400 S. MCCADDEN PL., LOS ANGELES CA 90020
Theodore Deinard	director	C/O ARC WIRELESS SOLUTIONS, INC., 6330 NORTH WASHINGTON ST., SUITE 13, DENVER CO 80216
Donald E. Siecke	director, 10 percent owner	12441 W 49TH AVE., UNIT 4, WHEAT RIDGE CO 80033
Thomas J. Schaefer	director	6800 EAST HIGHLAND AVE, SCOTTSDALE AZ 85251
Vern D Kornelsen	director, 10 percent owner	4605 S. DENICE DR, ENGLEWOOD CO 80111
Electronic Systems Technology Inc	director, officer: Secretary/Treasurer	415 N. ROOSEVELT ST., STE B1, KENNEWICK WA 99336
Hummingbird Value Fund Lp	10 percent owner, other: see footnote #1	145 E. 57TH STREET, 8TH FLOOR, NEW YORK NY 10022
Hummingbird Management Llc	10 percent owner, other: see footnote #1	145 E. 57TH STREET, 8TH FLOOR, NEW YORK NY 10022
Paul D Sonkin	10 percent owner, other: see footnote #1	145 E. 57TH STREET, 8TH FLOOR, NEW YORK NY 10022
Hummingbird Microcap Value Fund Lp	10 percent owner, other: see footnote #1	145 E. 57TH STREET, 8TH FLOOR, NEW YORK NY 10022
Hummingbird Capital Llc	10 percent owner, other: see footnote #1	145 E. 57TH STREET, 8TH FLOOR, NEW YORK NY 10022
Tarsier Nanocap Value Fund, Lp	10 percent owner, other: see footnote #1	C/O HUMMINGBIRD MANAGEMENT, LLC, 145 E. 57TH STREET, 8TH FLOOR, NEW YORK NY 10022

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