Hypercharge Networks (TSXV:HC) Inventory Turnover : 0.50 (As of Dec. 2023)

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What is Hypercharge Networks 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. Hypercharge Networks's Cost of Goods Sold for the three months ended in Dec. 2023 was C$0.40 Mil. Hypercharge Networks's Average Total Inventories for the quarter that ended in Dec. 2023 was C$0.81 Mil. Hypercharge Networks's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.50.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Hypercharge Networks's Days Inventory for the three months ended in Dec. 2023 was 182.84.

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. Hypercharge Networks's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 1.39.

Hypercharge Networks Inventory Turnover Historical Data

The historical data trend for Hypercharge Networks'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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Hypercharge Networks Inventory Turnover Chart

Hypercharge Networks Annual Data

Trend

Aug21

Inventory Turnover

Hypercharge Networks Quarterly Data
	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Dec22	Jun23	Sep23	Dec23
Inventory Turnover	Get a 7-Day Free Trial							0.19	-	0.25	0.61	0.50

Hypercharge Networks Inventory Turnover Calculation

Hypercharge Networks's Inventory Turnover for the fiscal year that ended in Aug. 2021 is calculated as

	Inventory Turnover (A: Aug. 2021 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Aug. 2021 )	/ (	(Total Inventories (A: . 20 )	+	Total Inventories (A: Aug. 2021 ))	/	count )
=	0	/ (	(	+	0)	/	1 )
=	0	/	0
=	N/A

Hypercharge Networks'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 )
=	0.403	/ (	(0.957	+	0.658)	/	2 )
=	0.403	/	0.8075
=	0.50

Hypercharge Networks (TSXV:HC) 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.

Hypercharge Networks'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
	=	0.8075	/	0.403	*	365 / 4
	=	182.84

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.

Hypercharge Networks'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 )
	=	0.8075	/	0.582
	=	1.39

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.

Hypercharge Networks Inventory Turnover Related Terms

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Hypercharge Networks (TSXV:HC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Hypercharge Networks Corp (TSXV:HC) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

HCNWF:USA PB7:Germany

Address

1075 West 1st Street, Suite 208, North Vancouver, BC, CAN, V7P 3T4

Website

https://www.hypercharge.com

Hypercharge Networks Corp is an electric vehicle supply equipment company that provides turnkey electric vehicle charging solutions. As a clean-technology innovator, the company's mission is to accelerate EV adoption and shift towards a carbon-neutral economy by providing seamless, simple charging experiences through industry equipment and a robust network of public and private charging stations. It has a single segment, the sale of EV charging equipment, software, and maintenance contracts.

Executives

Jason Baybutt

Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6)

Hypercharge Networks (TSXV:HC) Headlines

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