Kraken Robotics (Kraken Robotics) Inventory Turnover : 0.69 (As of Mar. 2024)

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What is Kraken Robotics 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. Kraken Robotics's Cost of Goods Sold for the three months ended in Mar. 2024 was $8.52 Mil. Kraken Robotics's Average Total Inventories for the quarter that ended in Mar. 2024 was $12.35 Mil. Kraken Robotics's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.69.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Kraken Robotics's Days Inventory for the three months ended in Mar. 2024 was 132.36.

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. Kraken Robotics's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.80.

Kraken Robotics Inventory Turnover Historical Data

The historical data trend for Kraken Robotics'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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Kraken Robotics Inventory Turnover Chart

Kraken Robotics Annual Data

Trend

Sep14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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1.93

0.93

1.24

1.75

2.57

Kraken Robotics 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															0.25	0.43	0.59	0.90	0.69

Kraken Robotics Inventory Turnover Calculation

Kraken Robotics'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 )
=	26.554	/ (	(8.367	+	12.314)	/	2 )
=	26.554	/	10.3405
=	2.57

Kraken Robotics's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

	Inventory Turnover (Q: Mar. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2024 )	/ (	(Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )
=	8.517	/ (	(12.314	+	12.395)	/	2 )
=	8.517	/	12.3545
=	0.69

Kraken Robotics (OTCPK:KRKNF) 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.

Kraken Robotics's Days Inventory for the three months ended in Mar. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2024 )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
	=	12.3545	/	8.517	*	365 / 4
	=	132.36

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.

Kraken Robotics's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	12.3545	/	15.422
	=	0.80

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.

Kraken Robotics Inventory Turnover Related Terms

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Kraken Robotics (Kraken Robotics) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Kraken Robotics Inc (OTCPK:KRKNF) » Definitions » Inventory Turnover

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2KQ:Germany PNG:Canada

Address

189 Glencoe Drive, Mount Pearl, NL, CAN, A1N 4P6

Website

https://www.krakenrobotics.com

Kraken Robotics Inc is a Canadian company engaged in the design, manufacture and sale of software-centric sensors and underwater robotic systems. It operates in the business segments of Sensors and Platforms which is the design, manufacture, and sale and provision of services for underwater sonar and laser scanner sensor equipment and underwater vehicle platform; and Power which is the design, manufacture, and sale of subsea power equipment such as drives, thrusters, and batteries. A majority of the revenue is derived from the Sensors and Platforms segment. Geographically, the group generates revenue from Canada, the United States, Europe and other countries.

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