Track Group (Track Group) Inventory Turnover : 5.17 (As of Mar. 2024)

View and export this data going back to . Start your Free Trial

What is Track 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. Track Group's Cost of Goods Sold for the three months ended in Mar. 2024 was $5.02 Mil. Track Group's Average Total Inventories for the quarter that ended in Mar. 2024 was $0.97 Mil. Track Group's Inventory Turnover for the quarter that ended in Mar. 2024 was 5.17.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Track Group's Days Inventory for the three months ended in Mar. 2024 was 17.65.

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. Track Group's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.11.

Track Group Inventory Turnover Historical Data

The historical data trend for Track 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.

* Premium members only.

Track Group Inventory Turnover Chart

Track Group Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Inventory Turnover

Get a 7-Day Free Trial

54.36

76.15

86.30

28.89

16.40

Track Group 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															5.25	4.44	3.83	4.22	5.17

Track Group Inventory Turnover Calculation

Track Group's Inventory Turnover for the fiscal year that ended in Sep. 2023 is calculated as

	Inventory Turnover (A: Sep. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Sep. 2023 )	/ (	(Total Inventories (A: Sep. 2022 )	+	Total Inventories (A: Sep. 2023 ))	/	count )
=	19.179	/ (	(1.053	+	1.286)	/	2 )
=	19.179	/	1.1695
=	16.40

Track Group'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 )
=	5.024	/ (	(0.97	+	0.973)	/	2 )
=	5.024	/	0.9715
=	5.17

Track Group (OTCPK:TRCK) 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.

Track Group'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
	=	0.9715	/	5.024	*	365 / 4
	=	17.65

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.

Track Group'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 )
	=	0.9715	/	8.991
	=	0.11

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.

Track Group Inventory Turnover Related Terms

Thank you for viewing the detailed overview of Track Group's Inventory Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Track Group (Track Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Track Group Inc (OTCPK:TRCK) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

G7F2:Germany

Address

200 E. 5th Avenue, Suite 100, Naperville, IL, USA, 60563

Website

https://www.trackgrp.com

Track Group Inc designs, manufactures, and markets location-tracking devices and develops and sells a variety of related software, services, accessories, networking solutions, and monitoring applications. Its products and services include ReliAlert XC4, TrackerPAL, TrackerPAL Mobile, a portfolio of software applications including predictive analytics, a device-agnostic operating system, and a variety of accessories, services, and support offerings. The company sells products across the world through its direct sales team and resellers. It sells to government customers on federal, state, and local levels in the United States and to members of the Ministry of Justice internationally. Geographically, it derives a majority of its revenue from the United States.

Executives

Conrent Invest S.a.	10 percent owner	19 RUE DE BITBOURG, LUXEMBOURG N4 L-1273
Matthew J. Swando	officer: CHIEF REVENUE OFFICER	C/O TRACK GROUP, INC., 200 E 5TH AVE, SUITE 100, NAPERVILLE IL 60563
Karim Sehnaoui	director	57 ROUTE DE CHENE, GENEVA V8 1208
Derek Cassell	officer: Chief Executive Officer	200 E. 5TH AVE., SUITE 100, NAPERVILLE IL 60563
Van Daele Dirk Karel	director	BERGSTRASSE 6, HORGEN V8 CH8810
Peter K Poli	officer: CHIEF FINANCIAL OFFICER	1215 W. LAKEVIEW COURT, ROMEOVILLE IL 60446
Ray O Johnson	director	C/O RIGETTI & CO., INC., 775 HEINZ AVENUE, BERKELEY CA 94710
Charles Eric Rosenblum	director	405 SOUTH MAIN STREET, SUITE 700, SALT LAKE CITY UT 84111
Karen M Macleod	director	C/O TRACK GROUP, INC., 200 E 5TH AVENUE STE 100, NAPERVILLE IL 60563
John R Merrill	officer: Chief Financial Officer	4222 HILLTOP DRIVE, PARK CITY UT 84098
Sapinda Asia Ltd	10 percent owner	8TH FLOOR, HANG SENG BANK BUILDING, 200 HENNESSEY ROAD, WANCHAI, HONG KONG K3 00000
Safety Invest S.a.	10 percent owner	19 RUE DE BITBOURG, LUXEMBOURG N4 L-1273
Winfried Kunz	director	AM GASTEIG 9, TRAUBING 2M 82327
Guy Dubois	director, 10 percent owner	C/O POLLEKE III, SEESTRASSE 227, KILCHBERG V8 CH8802
Lars Windhorst	10 percent owner	C/O SAPINDA ASIA LTD, RMS 803-4, 8TH FLR, HANG SENG WANCHAI BLDG, 200 HENNESY ROAD, WANCHAI K3 999077