WM Technology (WM Technology) Inventory Turnover : 0.00 (As of Sep. 2023)

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What is WM 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. WM Technology's Cost of Goods Sold for the three months ended in Sep. 2023 was $3.0 Mil. WM Technology's Average Total Inventories for the quarter that ended in Sep. 2023 was $0.0 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. WM Technology's Days Inventory for the three months ended in Sep. 2023 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. WM Technology's Inventory-to-Revenue for the quarter that ended in Sep. 2023 was 0.00.

WM Technology Inventory Turnover Historical Data

The historical data trend for WM 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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WM Technology Inventory Turnover Chart

WM Technology Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Inventory Turnover

WM Technology Quarterly Data
	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Inventory Turnover	Get a 7-Day Free Trial										-	-	-	-	-

WM Technology Inventory Turnover Calculation

WM Technology's Inventory Turnover for the fiscal year that ended in Dec. 2022 is calculated as

	Inventory Turnover (A: Dec. 2022 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2022 )	/ (	(Total Inventories (A: Dec. 2021 )	+	Total Inventories (A: Dec. 2022 ))	/	count )
=	15.407	/ (	(0	+	0)	/	1 )
=	15.407	/	0
=	N/A

WM Technology's Inventory Turnover for the quarter that ended in Sep. 2023 is calculated as

	Inventory Turnover (Q: Sep. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Sep. 2023 )	/ (	(Total Inventories (Q: Jun. 2023 )	+	Total Inventories (Q: Sep. 2023 ))	/	count )
=	3.015	/ (	(0	+	0)	/	1 )
=	3.015	/	0
=	N/A

WM Technology (NAS:MAPS) 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.

WM Technology's Days Inventory for the three months ended in Sep. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2023 )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
	=	0	/	3.015	*	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.

WM Technology's Inventory to Revenue for the quarter that ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2023 )	/	Revenue (Q: Sep. 2023 )
	=	0	/	47.725
	=	0.00

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.

WM Technology Inventory Turnover Related Terms

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WM Technology (WM Technology) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » WM Technology Inc (NAS:MAPS) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

833:Germany

Address

41 Discovery, Irvine, CA, USA, 92618

Website

https://www.weedmaps.com

WM Technology Inc is a technology and software infrastructure provider to the cannabis industry. It comprises B2C platform Weedmaps, and B2B software WM Business.

Executives

Duncan Grazier	officer: Chief Technology Officer	C/O WM TECHNOLOGY, INC., 41 DISCOVERY, IRVINE CA 92618
Brian Camire	officer: General Counsel	41 DISCOVERY, IRVINE CA 92618
Olga Gonzalez	director	41 DISCOVERY, IRVINE CA 92618
Anthony Bay	director
Brenda Freeman	director	C/O HERMAN MILLER INC, 855 EAST MAIN AVE, ZEELAND MI 49426
Fiona Tan	director	41 DISCOVERY, IRVINE CA 92618
Scott Gordon	director, officer: CEO and Chairman	1114 6TH AVE, 41ST FLOOR, NEW YORK NY 10036
Randa Mcminn	officer: Chief Marketing Officer	C/O WM TECHNOLOGY, INC., 41 DISCOVERY, IRVINE CA 92618
Mary Hoitt	officer: Interim CFO	C/O WM TECHNOLOGY, INC., 41 DISCOVERY, IRVINE CA 92618
Arden Lee	officer: Chief Financial Officer	41 DISCOVERY, IRVINE CA 92618
Juan Jose Feijoo-osorio	officer: Chief Marketing Officer	41 DISCOVERY, IRVINE CA 92618
Justin Dean	officer: CTO and CIO	41 DISCOVERY, IRVINE CA 92618
Christopher Beals	director, officer: Chief Executive Officer	41 DISCOVERY, IRVINE CA 92618
Justin Hartfield	director, 10 percent owner	2175 PALMER PLACE, TUSTIN CA 92782
Douglas Francis	director, 10 percent owner	49 DISCOVERY, STE 200, IRVINE CA 92618