Composite Alliance Group (TSXV:CAG) Inventory Turnover : 0.00 (As of Dec. 2023)

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What is Composite Alliance Group 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. Composite Alliance Group's Cost of Goods Sold for the three months ended in Dec. 2023 was C$3.69 Mil. Composite Alliance Group's Average Total Inventories for the quarter that ended in Dec. 2023 was C$0.00 Mil.

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

Composite Alliance Group Inventory Turnover Historical Data

The historical data trend for Composite Alliance Group'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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Composite Alliance Group Inventory Turnover Chart

Composite Alliance Group Annual Data

Trend

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Dec23

Inventory Turnover

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Composite Alliance Group 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															-	-	-	-	-

Composite Alliance Group Inventory Turnover Calculation

Composite Alliance Group'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 )
=	9.711	/ (	(0	+	0)	/	1 )
=	9.711	/	0
=	N/A

Composite Alliance Group'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 )
=	3.685	/ (	(0	+	0)	/	1 )
=	3.685	/	0
=	N/A

Composite Alliance Group (TSXV:CAG) 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.

Composite Alliance Group'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
	=	0	/	3.685	*	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.

Composite Alliance Group'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 )
	=	0	/	4.827
	=	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.

Composite Alliance Group Inventory Turnover Related Terms

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Composite Alliance Group (TSXV:CAG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Composite Alliance Group Inc (TSXV:CAG) » Definitions » Inventory Turnover

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Address

333 - 7th Avenue SW, Suite 800, Calgary, AB, CAN, T2P 2Z1

Website

https://www.compositealliancegroup.com

Composite Alliance Group Inc provides industrial turn-key solutions by designing and manufacturing the machines. It offers machines and processes to fabricate composite materials for the aerospace and automotive industries. Geographically, it operates in Europe, Asia, and North America, out of which a majority of its revenue is from Asia.