KeyStar (KeyStar) Inventory Turnover : 0.00 (As of Mar. 2024)

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What is KeyStar 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. KeyStar's Cost of Goods Sold for the three months ended in Mar. 2024 was $0.18 Mil. KeyStar's Average Total Inventories for the quarter that ended in Mar. 2024 was $0.00 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. KeyStar's Days Inventory for the three months ended in Mar. 2024 was 0.00.

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.

KeyStar Inventory Turnover Historical Data

The historical data trend for KeyStar'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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KeyStar Inventory Turnover Chart

KeyStar Annual Data

Trend

Jun20

Jun21

Jun22

Jun23

Inventory Turnover

1.66

47.00

KeyStar Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial											-	-	-	-	-

KeyStar Inventory Turnover Calculation

KeyStar's Inventory Turnover for the fiscal year that ended in Jun. 2023 is calculated as

	Inventory Turnover (A: Jun. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Jun. 2023 )	/ (	(Total Inventories (A: Jun. 2022 )	+	Total Inventories (A: Jun. 2023 ))	/	count )
=	0.047	/ (	(0.001	+	0)	/	1 )
=	0.047	/	0.001
=	47.00

KeyStar'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 )
=	0.182	/ (	(0	+	0)	/	1 )
=	0.182	/	0
=	N/A

KeyStar (OTCPK:KEYR) 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.

KeyStar'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	/	0.182	*	365 / 4
	=	0.00

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.

KeyStar'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	/	-0.188
	=

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.

KeyStar Inventory Turnover Related Terms

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KeyStar (KeyStar) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » KeyStar Corp (OTCPK:KEYR) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

78 SW 7th Street, Suite 800, Miami, FL, USA, 33130

Website

https://keystarcorp.com

KeyStar Corp owns and operates ZenSports, a mobile gaming platform for consumers that offers a traditional sports book, peer-to-peer sports betting, and wagering in fiat and cryptocurrencies.

Executives

Zensports, Inc.	10 percent owner	78 SW 7TH STREET, SUITE 800, MIAMI FL 33130
Mark Anthony Thomas	10 percent owner	78 SW 7TH STREET, SUITE 800, MIAMI FL 33130
Zixiao Chen	director, 10 percent owner, officer: CFO and Treasurer	4616 W. SAHARA AVE., SUITE 256, LAS VEGAS NV 89103
Steven J Lane	director, 10 percent owner, officer: President and CEO	9620 LAS VEGAS BLVD. S, STE E4-98, LAS VEGAS NV 89123

KeyStar (KeyStar) Headlines

From GuruFocus

KeyStar Corp. CEO Mark Thomas to Move Into Consulting Role; Bruce Cassidy Becomes Interim CEO

By ACCESSWIRE • 10-31-2023

ZenSports Launches Sports Betting App in Tennessee

By ACCESSWIRE ACCESSWIRE • 06-08-2023

KeyStar Corp. Closes $2.9M+ Round of Funding

By ACCESSWIRE ACCESSWIRE • 05-11-2023

KeyStar Corp. Opens New Round of Funding

By ACCESSWIRE • 07-24-2023

KeyStar Corp. Receives Tennessee Sports Betting License

By ACCESSWIRE ACCESSWIRE • 05-25-2023