Quisitive Technology Solutions (TSXV:QUIS) Inventory Turnover : 9.90 (As of Dec. 2023)

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What is Quisitive Technology Solutions 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. Quisitive Technology Solutions's Cost of Goods Sold for the three months ended in Dec. 2023 was C$21.9 Mil. Quisitive Technology Solutions's Average Total Inventories for the quarter that ended in Dec. 2023 was C$2.2 Mil. Quisitive Technology Solutions's Inventory Turnover for the quarter that ended in Dec. 2023 was 9.90.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Quisitive Technology Solutions's Days Inventory for the three months ended in Dec. 2023 was 9.22.

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. Quisitive Technology Solutions's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.06.

Quisitive Technology Solutions Inventory Turnover Historical Data

The historical data trend for Quisitive Technology Solutions'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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Quisitive Technology Solutions Inventory Turnover Chart

Quisitive Technology Solutions Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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29.54

62.92

47.73

64.64

40.99

Quisitive Technology Solutions Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial															21.33	22.23	17.03	9.90	-

Quisitive Technology Solutions Inventory Turnover Calculation

Quisitive Technology Solutions'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 )
=	97.179	/ (	(2.371	+	0)	/	1 )
=	97.179	/	2.371
=	40.99

Quisitive Technology Solutions'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 )
=	21.922	/ (	(2.215	+	0)	/	1 )
=	21.922	/	2.215
=	9.90

Quisitive Technology Solutions (TSXV:QUIS) 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.

Quisitive Technology Solutions'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
	=	2.215	/	21.922	*	365 / 4
	=	9.22

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.

Quisitive Technology Solutions'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 )
	=	2.215	/	38.115
	=	0.06

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.

Quisitive Technology Solutions Inventory Turnover Related Terms

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Quisitive Technology Solutions (TSXV:QUIS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Quisitive Technology Solutions Inc (TSXV:QUIS) » Definitions » Inventory Turnover

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QUISF:USA

Address

161 Bay Street, Suite 2325, Toronto, ON, CAN, M5J 2S1

Website

https://www.quisitive.com

Quisitive Technology Solutions Inc is a Microsoft solutions provider. It offers Microsoft Azure, Microsoft Dynamics business applications and Microsoft O365 as well as proprietary Software as a Service (SaaS) solutions such as CRG emPerform, LedgerPay, and business solutions from other technology partners that complement the Microsoft platform. Its operating segments are Global Cloud Solutions and Global Payment Processing Solutions. Global Cloud Solutions segment contributes majorly in terms of revenue. The company has a business presence in the US and Canada, of which prime revenue is derived from the USA.

Executives

Michael Robert Reinhart	Senior Officer
David Dean Guebert	Director

Quisitive Technology Solutions (TSXV:QUIS) Headlines

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