Eguana Technologies (TSXV:EGT) Inventory Turnover : 0.36 (As of Dec. 2023)

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What is Eguana 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. Eguana Technologies's Cost of Goods Sold for the three months ended in Dec. 2023 was C$3.04 Mil. Eguana Technologies's Average Total Inventories for the quarter that ended in Dec. 2023 was C$8.51 Mil. Eguana Technologies's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.36.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Eguana Technologies's Days Inventory for the three months ended in Dec. 2023 was 255.64.

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. Eguana Technologies's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 8.64.

Eguana Technologies Inventory Turnover Historical Data

The historical data trend for Eguana 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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Eguana Technologies Inventory Turnover Chart

Eguana Technologies Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Dec22

Dec23

Inventory Turnover

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1.87

3.61

1.80

1.75

Eguana Technologies Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Dec22	Mar23	Jun23	Sep23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															-	0.65	0.20	0.30	0.36

Eguana Technologies Inventory Turnover Calculation

Eguana Technologies'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 )
=	13.58	/ (	(7.04	+	8.501)	/	2 )
=	13.58	/	7.7705
=	1.75

Eguana Technologies'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 )
=	3.036	/ (	(8.51	+	8.501)	/	2 )
=	3.036	/	8.5055
=	0.36

Eguana Technologies (TSXV:EGT) 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.

Eguana Technologies'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
	=	8.5055	/	3.036	*	365 / 4
	=	255.64

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.

Eguana Technologies'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 )
	=	8.5055	/	0.985
	=	8.64

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.

Eguana Technologies Inventory Turnover Related Terms

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Eguana Technologies (TSXV:EGT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Eguana Technologies Inc (TSXV:EGT) » Definitions » Inventory Turnover

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EGTYF:USA

Address

3636 7th Street S.E., Calgary, AB, CAN, T2G 2Y8

Website

https://www.eguanatech.com

Eguana Technologies Inc designs, markets, manufactures, and sells residential and small commercial energy storage systems. The company offers power electronics for fuel cell, photovoltaic, and battery applications from manufacturing facilities in North America, Australia, and Europe. The product lines of the company are based on a proprietary and patented, software-driven, power control technology platform for residential and commercial markets. This standardized platform supports market-specific products that are certified and optimized for use in all markets.

Executives

Justin Holland

Director, Senior Officer

Eguana Technologies (TSXV:EGT) Headlines

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