BluMetric Environmental (TSXV:BLM) Inventory Turnover : 0.00 (As of Dec. 2023)

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What is BluMetric Environmental 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. BluMetric Environmental's Cost of Goods Sold for the three months ended in Dec. 2023 was C$4.94 Mil. BluMetric Environmental's Average Total Inventories for the quarter that ended in Dec. 2023 was C$0.00 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. BluMetric Environmental's Days Inventory for the three months ended in Dec. 2023 was 0.00.

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. BluMetric Environmental's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.00.

BluMetric Environmental Inventory Turnover Historical Data

The historical data trend for BluMetric Environmental'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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BluMetric Environmental Inventory Turnover Chart

BluMetric Environmental Annual Data

Trend

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Sep23

Inventory Turnover

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BluMetric Environmental Quarterly Data
	Mar19	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															-	-	-	-	-

BluMetric Environmental Inventory Turnover Calculation

BluMetric Environmental'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 )
=	27.497	/ (	(0	+	0)	/	1 )
=	27.497	/	0
=	N/A

BluMetric Environmental'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 )
=	4.941	/ (	(0	+	0)	/	1 )
=	4.941	/	0
=	N/A

BluMetric Environmental (TSXV:BLM) 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.

BluMetric Environmental'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	/	4.941	*	365 / 4
	=	0.00

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.

BluMetric Environmental'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	/	8.525
	=	0.00

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.

BluMetric Environmental Inventory Turnover Related Terms

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BluMetric Environmental (TSXV:BLM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » BluMetric Environmental Inc (TSXV:BLM) » Definitions » Inventory Turnover

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SEPOF:USA

Address

1682 Woodward Drive, Ottawa, ON, CAN, K2C 3R8

Website

http://www.blumetric.ca

BluMetric Environmental Inc is an integrated product and service organization. It principally provides sustainable solutions for complex environmental issues. It serves clients in many industrial sectors, and at all levels of government, both domestically and internationally. The organization offers services and solutions such as environmental earth sciences and engineering; contaminated site remediation; water resource management; industrial hygiene; occupational health and safety; and water and wastewater design-build and pre-engineered solutions. It operates in Canada and internationally, of which the majority of the revenue is derived from the operations in Canada.

Executives

John Daniel Hilton

Senior Officer

BluMetric Environmental (TSXV:BLM) Headlines

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