Sunstock (Sunstock) Inventory Turnover : 1.37 (As of Dec. 2023)

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What is Sunstock 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. Sunstock's Cost of Goods Sold for the three months ended in Dec. 2023 was $2.65 Mil. Sunstock's Average Total Inventories for the quarter that ended in Dec. 2023 was $1.94 Mil. Sunstock's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.37.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Sunstock's Days Inventory for the three months ended in Dec. 2023 was 66.78.

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. Sunstock's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.67.

Sunstock Inventory Turnover Historical Data

The historical data trend for Sunstock'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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Sunstock Inventory Turnover Chart

Sunstock Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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13.01

12.71

11.40

8.10

6.27

Sunstock Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															1.94	1.85	1.73	1.65	1.37

Sunstock Inventory Turnover Calculation

Sunstock'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 )
=	12.042	/ (	(1.752	+	2.088)	/	2 )
=	12.042	/	1.92
=	6.27

Sunstock's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

	Inventory Turnover (Q: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2023 )	/ (	(Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	2.653	/ (	(1.795	+	2.088)	/	2 )
=	2.653	/	1.9415
=	1.37

Sunstock (OTCPK:SSOK) 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.

Sunstock's Days Inventory for the three months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	1.9415	/	2.653	*	365 / 4
	=	66.78

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.

Sunstock's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	1.9415	/	2.896
	=	0.67

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.

Sunstock Inventory Turnover Related Terms

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Sunstock (Sunstock) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Sunstock Inc (OTCPK:SSOK) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

111 Vista Creek Circle, Sacramento, CA, USA, 95835

Website

http://www.sunstockinc.com

Sunstock Inc is a United States-based company that is engaged in the buying, selling, and distribution of precious metals. The company specializes in retailing gold, silver, and rare coins.

Executives

Jason Chang	director, 10 percent owner, officer: President	111 VISTA CREEK CIRCLE, SACRAMENTO CA 95835
Ramnik Clair	director	111 VISTA CREEK CIRCLE, #200, SACRAMENTO CA 95835
Balbir H. Clair	director	10618 LA LOMA WAY, STOCKTON CA 95212
Chiung Ying Chang	other: A shareholder	111 VISTA CREEK CIRCLE, SACRAMENTO CA 95835
Mb Americus Llc	10 percent owner	9454 WILSHIRE BOULEVARD, BEVERLY HILLS CA 90212
James M Cassidy	director, 10 percent owner, officer: president, secretary	215 APOLENA AVENUE, NEWPORT BEACH CA 92662
James K Mckillop	director, 10 percent owner, officer: vice president	9454 WILSHIRE BOULEVARD, SUITE 612, BEVERLY HILLS CA 90212
Tiber Creek Corp	10 percent owner	215 APOLENA AVENUE, NEWPORT BEACH CA 92662