ATI Airtest Technologies (TSXV:AAT) Inventory Turnover : 0.18 (As of Sep. 2023)

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What is ATI Airtest Technologies 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. ATI Airtest Technologies's Cost of Goods Sold for the three months ended in Sep. 2023 was C$0.17 Mil. ATI Airtest Technologies's Average Total Inventories for the quarter that ended in Sep. 2023 was C$0.96 Mil. ATI Airtest Technologies's Inventory Turnover for the quarter that ended in Sep. 2023 was 0.18.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. ATI Airtest Technologies's Days Inventory for the three months ended in Sep. 2023 was 509.30.

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. ATI Airtest Technologies's Inventory-to-Revenue for the quarter that ended in Sep. 2023 was 3.07.

ATI Airtest Technologies Inventory Turnover Historical Data

The historical data trend for ATI Airtest Technologies'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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ATI Airtest Technologies Inventory Turnover Chart

ATI Airtest Technologies Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Inventory Turnover

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11.52

14.05

10.82

3.65

1.98

ATI Airtest Technologies Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Inventory Turnover	Get a 7-Day Free Trial															0.27	0.41	0.30	0.40	0.18

ATI Airtest Technologies Inventory Turnover Calculation

ATI Airtest Technologies's Inventory Turnover for the fiscal year that ended in Dec. 2022 is calculated as

	Inventory Turnover (A: Dec. 2022 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2022 )	/ (	(Total Inventories (A: Dec. 2021 )	+	Total Inventories (A: Dec. 2022 ))	/	count )
=	1.515	/ (	(0.544	+	0.986)	/	2 )
=	1.515	/	0.765
=	1.98

ATI Airtest Technologies's Inventory Turnover for the quarter that ended in Sep. 2023 is calculated as

	Inventory Turnover (Q: Sep. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Sep. 2023 )	/ (	(Total Inventories (Q: Jun. 2023 )	+	Total Inventories (Q: Sep. 2023 ))	/	count )
=	0.172	/ (	(0.957	+	0.963)	/	2 )
=	0.172	/	0.96
=	0.18

ATI Airtest Technologies (TSXV:AAT) 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.

ATI Airtest Technologies's Days Inventory for the three months ended in Sep. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2023 )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
	=	0.96	/	0.172	*	365 / 4
	=	509.30

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.

ATI Airtest Technologies's Inventory to Revenue for the quarter that ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2023 )	/	Revenue (Q: Sep. 2023 )
	=	0.96	/	0.313
	=	3.07

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.

ATI Airtest Technologies Inventory Turnover Related Terms

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ATI Airtest Technologies (TSXV:AAT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » ATI Airtest Technologies Inc (TSXV:AAT) » Definitions » Inventory Turnover

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AATGF:USA

Address

1520 Cliveden Avenue, Unit 9, Delta, BC, CAN, V3M 6J8

Website

https://www.airtesttechnologies.com

ATI Airtest Technologies Inc is engaged in the manufacturing and selling of air testing equipment and related services in Canada and the United States. Its product offering includes WiFi Transmitters, Portables/Data Logging, EnOcean Transmitters, CO2 Demand Controlled Ventilation, Parking Garage Ventilation, Air Velocity, Agriculture, Gases For Health and Safety, Industrial Dew Point, Industrial Humidity and Temp, Moisture In Oil and Calibration. The company generates a majority of its revenue from the United States.

Executives

Theodore Harry Konyi

Director, Senior Officer