Sollensys (Sollensys) Inventory Turnover : -3.13 (As of Dec. 2022)

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What is Sollensys 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. Sollensys's Cost of Goods Sold for the three months ended in Dec. 2022 was $-0.14 Mil. Sollensys's Average Total Inventories for the quarter that ended in Dec. 2022 was $0.05 Mil. Sollensys's Inventory Turnover for the quarter that ended in Dec. 2022 was -3.13.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

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.

Sollensys Inventory Turnover Historical Data

The historical data trend for Sollensys'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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Sollensys Inventory Turnover Chart

Sollensys Annual Data

Trend

Mar12

Mar19

Mar20

Dec21

Dec22

Inventory Turnover

4.35

19.04

Sollensys Quarterly Data
	Dec11	Mar12	Jun12	Sep12	Dec12	Mar19	Jun19	Sep19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22
Inventory Turnover	Get a 7-Day Free Trial															2.21	5.09	28.63	2.44	-3.13

Sollensys Inventory Turnover Calculation

Sollensys'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 )
=	0.857	/ (	(0.078	+	0.012)	/	2 )
=	0.857	/	0.045
=	19.04

Sollensys's Inventory Turnover for the quarter that ended in Dec. 2022 is calculated as

	Inventory Turnover (Q: Dec. 2022 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2022 )	/ (	(Total Inventories (Q: Sep. 2022 )	+	Total Inventories (Q: Dec. 2022 ))	/	count )
=	-0.141	/ (	(0.078	+	0.012)	/	2 )
=	-0.141	/	0.045
=	-3.13

Sollensys (OTCPK:SOLS) 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.

Sollensys's Days Inventory for the three months ended in Dec. 2022 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2022 )	/	Cost of Goods Sold (Q: Dec. 2022 )	*	Days in Period
	=	0.045	/	-0.141	*	365 / 4
	=

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.

Sollensys's Inventory to Revenue for the quarter that ended in Dec. 2022 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2022 )	/	Revenue (Q: Dec. 2022 )
	=	0.045	/	-0.546
	=

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.

Sollensys Inventory Turnover Related Terms

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Sollensys (Sollensys) Business Description

Industry

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Traded in Other Exchanges

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Address

1470 Treeland Boulevard Southeast, Palm Bay, FL, USA, 32909

Website

https://www.sollensys.com

Sollensys Corp manufactures the blockchain archive server that maintains a redundant, immutable backup of data. Its blockchain archive server protects client data from ransomware malicious software that infects computers and displays messages.