POSaBIT Systems (XCNQ:PBIT) Inventory Turnover : 7.90 (As of Dec. 2023)

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What is POSaBIT Systems 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. POSaBIT Systems's Cost of Goods Sold for the three months ended in Dec. 2023 was C$5.41 Mil. POSaBIT Systems's Average Total Inventories for the quarter that ended in Dec. 2023 was C$0.68 Mil. POSaBIT Systems's Inventory Turnover for the quarter that ended in Dec. 2023 was 7.90.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. POSaBIT Systems's Days Inventory for the three months ended in Dec. 2023 was 11.54.

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. POSaBIT Systems's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.10.

POSaBIT Systems Inventory Turnover Historical Data

The historical data trend for POSaBIT Systems'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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POSaBIT Systems Inventory Turnover Chart

POSaBIT Systems Annual Data

Trend

Oct17

Oct18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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81.16

106.10

41.62

49.31

142.03

POSaBIT Systems Quarterly Data
	Jan19	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															16.81	18.00	15.03	11.32	7.90

POSaBIT Systems Inventory Turnover Calculation

POSaBIT Systems'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 )
=	46.088	/ (	(0.63	+	0.019)	/	2 )
=	46.088	/	0.3245
=	142.03

POSaBIT Systems'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 )
=	5.407	/ (	(1.349	+	0.019)	/	2 )
=	5.407	/	0.684
=	7.90

POSaBIT Systems (XCNQ:PBIT) 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.

POSaBIT Systems'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
	=	0.684	/	5.407	*	365 / 4
	=	11.54

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.

POSaBIT Systems'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 )
	=	0.684	/	6.739
	=	0.10

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.

POSaBIT Systems Inventory Turnover Related Terms

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POSaBIT Systems (XCNQ:PBIT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » POSaBIT Systems Corp (XCNQ:PBIT) » Definitions » Inventory Turnover

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POSAF:USA

Address

11915 124th Ave NE, Kirkland, WA, USA, 98034

Website

https://www.posabit.com

POSaBIT Systems Corp is a financial technology company. The company involves the point-of-sale arrangements designed to offer consumers an easy way to purchase goods and services. The company offers Payment Services and Point-of-Sale (POS) Services. The majority of its revenue comes from Payment Services, which generates revenues via setup costs, hardware costs, transaction fees, and convenience fees. Its geographical segments are Canada and the United States, of which all of its revenues come from the United States.

Executives

Alex Sharp

10% Security Holder

POSaBIT Systems (XCNQ:PBIT) Headlines

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