Kraken Robotics (TSXV:PNG) Inventory Turnover : 0.48 (As of Sep. 2024)

View and export this data going back to 2010. Start your Free Trial

What is Kraken Robotics 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. Kraken Robotics's Cost of Goods Sold for the three months ended in Sep. 2024 was C$9.29 Mil. Kraken Robotics's Average Total Inventories for the quarter that ended in Sep. 2024 was C$19.17 Mil. Kraken Robotics's Inventory Turnover for the quarter that ended in Sep. 2024 was 0.48.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Kraken Robotics's Days Inventory for the three months ended in Sep. 2024 was 188.22.

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. Kraken Robotics's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 0.98.

Kraken Robotics Inventory Turnover Historical Data

The historical data trend for Kraken Robotics'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.

Kraken Robotics Inventory Turnover Chart

Kraken Robotics Annual Data

Trend

Sep14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

Get a 7-Day Free Trial

1.92

0.92

1.24

1.81

2.55

Kraken Robotics Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Inventory Turnover	Get a 7-Day Free Trial															0.60	0.90	0.69	0.64	0.48

Kraken Robotics Inventory Turnover Calculation

Kraken Robotics'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 )
=	35.625	/ (	(11.367	+	16.52)	/	2 )
=	35.625	/	13.9435
=	2.55

Kraken Robotics's Inventory Turnover for the quarter that ended in Sep. 2024 is calculated as

	Inventory Turnover (Q: Sep. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Sep. 2024 )	/ (	(Total Inventories (Q: Jun. 2024 )	+	Total Inventories (Q: Sep. 2024 ))	/	count )
=	9.293	/ (	(17.815	+	20.522)	/	2 )
=	9.293	/	19.1685
=	0.48

Kraken Robotics (TSXV:PNG) 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.

Kraken Robotics's Days Inventory for the three months ended in Sep. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2024 )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
	=	19.1685	/	9.293	*	365 / 4
	=	188.22

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.

Kraken Robotics's Inventory to Revenue for the quarter that ended in Sep. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2024 )	/	Revenue (Q: Sep. 2024 )
	=	19.1685	/	19.55
	=	0.98

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.

Kraken Robotics Inventory Turnover Related Terms

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

Kraken Robotics Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Kraken Robotics Inc (TSXV:PNG) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

KRKNF:USA 2KQ:Germany

Address

189 Glencoe Drive, Mount Pearl, NL, CAN, A1N 4P6

Website

https://www.krakenrobotics.com

Kraken Robotics Inc is a Canadian company that supplies sonar and optical sensors, batteries, and underwater robotics equipment and services for military and commercial applications. It operates in the business segments of Products which is the design, manufacture, and sale of equipment including underwater vehicle platforms, Synthetic Aperture Sonar, and subsea power equipment; and Services which is the provision of services for underwater sonar and laser scanner sensor equipment and underwater vehicle platforms. It generates the majority of its revenue from the Products segment.

Executives

David Shea	Senior Officer
Duane Joseph Alexander Mackay	Senior Officer
Gregory Michael Reid	Senior Officer
Limited Ocean Infinity	10% Security Holder
Karl Andrew Kenny	10% Security Holder, Director, Senior Officer
Michael Shaun Mcewan	Director
Moya Nora Cahill	Director

Kraken Robotics Headlines

No Headlines