Wearable Devices (Wearable Devices) Inventory Turnover : 0.11 (As of Dec. 2023)

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What is Wearable Devices 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. Wearable Devices's Cost of Goods Sold for the six months ended in Dec. 2023 was $0.06 Mil. Wearable Devices's Average Total Inventories for the quarter that ended in Dec. 2023 was $0.52 Mil. Wearable Devices's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.11.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Wearable Devices's Days Inventory for the six months ended in Dec. 2023 was 1,614.66.

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. Wearable Devices's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 7.46.

Wearable Devices Inventory Turnover Historical Data

The historical data trend for Wearable Devices'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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Wearable Devices Inventory Turnover Chart

Wearable Devices Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

2.63

0.64

0.65

1.18

0.12

Wearable Devices Semi-Annual Data
	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Inventory Turnover	Get a 7-Day Free Trial				0.23	0.53	0.71	0.33	0.11

Wearable Devices Inventory Turnover Calculation

Wearable Devices'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 )
=	0.062	/ (	(0.006	+	1.032)	/	2 )
=	0.062	/	0.519
=	0.12

Wearable Devices'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: Jun. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	0.059	/ (	(0.012	+	1.032)	/	2 )
=	0.059	/	0.522
=	0.11

Wearable Devices (NAS:WLDS) 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.

Wearable Devices's Days Inventory for the six 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
	=	0.522	/	0.059	*	365 / 2
	=	1,614.66

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.

Wearable Devices'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 )
	=	0.522	/	0.07
	=	7.46

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.

Wearable Devices Inventory Turnover Related Terms

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Wearable Devices (Wearable Devices) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Wearable Devices Ltd (NAS:WLDS) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Yokne'am, Ha-Ta'asiya Street 2, Illit, ISR, 20692

Website

http://www.wearabledevices.co.il

Wearable Devices Ltd develops a non-invasive Neural input interface for controlling digital devices using subtle finger movements. Its products include Mudra Inspire and Mudra Band.