Trutankless (Trutankless) Inventory Turnover : 0.10 (As of Sep. 2023)

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What is Trutankless 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. Trutankless's Cost of Goods Sold for the three months ended in Sep. 2023 was $0.01 Mil. Trutankless's Average Total Inventories for the quarter that ended in Sep. 2023 was $0.11 Mil. Trutankless's Inventory Turnover for the quarter that ended in Sep. 2023 was 0.10.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Trutankless's Days Inventory for the three months ended in Sep. 2023 was 937.39.

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. Trutankless's Inventory-to-Revenue for the quarter that ended in Sep. 2023 was 37.67.

Trutankless Inventory Turnover Historical Data

The historical data trend for Trutankless'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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Trutankless Inventory Turnover Chart

Trutankless Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Inventory Turnover

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6.09

6.79

19.77

1.78

0.19

Trutankless Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Inventory Turnover	Get a 7-Day Free Trial															0.10	-	-	-	0.10

Trutankless Inventory Turnover Calculation

Trutankless'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 )
=	0.023	/ (	(0.119	+	0.118)	/	2 )
=	0.023	/	0.1185
=	0.19

Trutankless'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 )
=	0.011	/ (	(0.118	+	0.108)	/	2 )
=	0.011	/	0.113
=	0.10

Trutankless (OTCPK:TKLS) 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.

Trutankless'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
	=	0.113	/	0.011	*	365 / 4
	=	937.39

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.

Trutankless'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 )
	=	0.113	/	0.003
	=	37.67

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.

Trutankless Inventory Turnover Related Terms

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Trutankless (Trutankless) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Trutankless Inc (OTCPK:TKLS) » Definitions » Inventory Turnover

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Traded in Other Exchanges

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Address

15900 North 78th Street, Suite 200, Scottsdale, AZ, USA, 85260

Website

https://trutankless.com

Trutankless Inc is engaged in manufacturing electric tankless water heaters that far surpasses traditional tank water heaters in energy efficiency, output, dependability, and environmental sustainability. The company anticipates its second generation Trutankless water heaters, with Wi-Fi, Bluetooth, and Zigbee capabilities to help modernize the water heating industry. The Trutankless brand mission is to apply smart engineering to forward-thinking technologies that save customers money, energy, and space.

Executives

Buit Right Holdings, Llc	10 percent owner	8790 E. VIA DE VENTURA, SUITE 4640, SCOTTSDALE AZ 85258
Michael Stebbins	director	14646 N KIERLAND BLVD, SUITE 270, SCOTTSDALE AZ 85254
Robertson J Orr	director, officer: President & CEO	14646 N KIERLAND BLVD, SUITE 270, SCOTTSDALE AZ 85254