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Duos Technologies Group Inc   (DUOT)
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    Sector  Technology    Industry Software & Programming
   Industry Software & Programming
   Sector  Technology
 

Duos Technologies Group Inc Inventory Turnover Ratio (COS)

Cost of Sales Formula, Quarterly Results, Trends, Rankings, Statistics

Duos Technologies Group Inc 's inventory turnover ratio, the ratio that measures Duos Technologies Group Inc 's ability to manage its supply chain, sequentially decreased to 5.79 in the third quarter 2023, which does not come as a surprise, as the Duos Technologies Group Inc continue to experience headwinds, which also impact its supply chain. Duos Technologies Group Inc 's average inventory processing period in the Sep 30 2023 quarter, has increased to 63 days, from 46 days, in the Jun 30 2023 quarter.

Within Technology sector 82 other companies have achieved higher inventory turnover ratio. While in terms of ranking among all other companies, the company has moved form 430 in the second quarter 2023, to 516.

DUOT Inventory Turnover Ratio using Sales Formula
What is Inventory Turnover Ratio?
What is Duos Technologies Group Inc Market Share?

What is Inventory Turnover Ratio?


DUOT Inventory Turnover Ratio (Sep 30 2023)
III. Quarter
(Jun 30 2023)
II. Quarter
(Mar 31 2023)
I. Quarter
(Dec 31 2022)
IV. Quarter
(Sep 30 2022)
III. Quarter
Y / Y Inventory Growth 119.83 % 97.99 % 373.88 % 378.77 % -
Y / Y Cost of Sales Growth -55.37 % -34.52 % 73.1 % 22.33 % 4.2 %
Inventory Turnover Ratio (TTM) 5.79 7.97 10.07 12.73 18.27
DUOT's Total Ranking # 516 # 430 # 387 # 346 # 265
Average inventory processing period 63 46 36 29 20
Seq. Inventory Growth -1.22 % 1 % 7.08 % 105.78 % -11.03 %
Seq. Cost of Sales Growth -14.68 % -27.45 % -44.4 % 29.67 % 25.19 %



Inventory Turnover Ratio Company Ranking
Within: No.
Software & Programming Industry # 17
Technology Sector # 83
Overall Market # 516

Inventory Turnover Ratio Statistics
High Average Low
18.27 10.97 5.79
(Sep 30 2022)   (Sep 30 2023)




Financial Statements
Duos Technologies Group Inc 's Inventories $ 2 Millions Visit DUOT's Balance sheet
Duos Technologies Group Inc 's Cost of Revenues TTM $ 9 Millions Visit DUOT's Income Statement
What are DUOT's Sales? Visit DUOT's Sales by Segment

Other Inventory Turnover Ratios
Duos Technologies Group Inc 's Inventory to Sales Ratio
U.S. Durable Goods Inventory to Shipment Ratio By Product
Software & Programming Industry Inventory Turnover Trends and Statistics
Technology Sector Inventory Turnover Statistics
Inventory Turnover Trends for overall market
DUOT's Inventory Turnover Ratio versus Software & Programming Industry, Technology Sector and total Market
Highest Ranking Inventory Turnover
Lowest Ranking Inventory Turnover
Inventory Turnover for DUOT's Competitors
Inventory Turnover Ratio for DUOT's Suppliers
Inventory Turnover Ratio for DUOT's Customers

You may also want to know
DUOT's Sales Growth Rates DUOT's Pe Price to earnings ratio DUOT's Receivables Turnover Ratio DUOT's Stock Quote
DUOT's Net Income Growth Rates DUOT's Ps Price to Sales ratio DUOT's Sales per Employee DUOT's Asset Turnover Ratio
DUOT's Net Margin DUOT's Pb Price to Book ratio DUOT's Financial Strength Ratios DUOT's Dividend Payout Ratio



Companies with similar Inventory Turnover Ratio for the quarter ending Sep 30 2023, within Technology Sector Inventory Turnover Ratio Cost of revenues at quarter ending Sep 30 2023 Inventories at quarter ending Sep 30 2023
Roper Technologies Inc   14.54 $ 1,696.800  Millions$ 117  Millions
Ftc Solar Inc   14.48 $ 123.993  Millions$ 9  Millions
Midwest Energy Emissions Corp   14.30 $ 12.907  Millions$ 1  Millions
Pure Storage Inc   14.10 $ 690.000  Millions$ 49  Millions
Neogenomics Inc   13.93 $ 340.286  Millions$ 24  Millions
Skywater Technology Inc   13.82 $ 208.784  Millions$ 15  Millions
Netapp Inc   12.90 $ 1,919.000  Millions$ 149  Millions
F5 Inc   12.36 $ 593.000  Millions$ 48  Millions
Iveda Solutions Inc   12.35 $ 5.272  Millions$ 0  Millions
Franklin Covey Co   12.30 $ 48.381  Millions$ 4  Millions
Pitney Bowes Inc   11.80 $ 1,045.261  Millions$ 89  Millions
Mix Telematics Limited  11.60 $ 54.055  Millions$ 5  Millions
Creative Realities Inc   11.49 $ 20.674  Millions$ 2  Millions
Netscout Systems Inc   11.32 $ 200.743  Millions$ 18  Millions
Transcat Inc  10.42 $ 168.486  Millions$ 16  Millions
Photronics Inc   10.42 $ 555.000  Millions$ 53  Millions
Amkor Technology Inc   10.24 $ 5,659.106  Millions$ 553  Millions
Par Technology Corporation  10.16 $ 306.743  Millions$ 30  Millions
Csp inc  9.95 $ 42.727  Millions$ 4  Millions
Iteris inc   9.71 $ 110.818  Millions$ 11  Millions
Fg Group Holdings Inc   9.64 $ 33.180  Millions$ 3  Millions
Vpr Brands Lp  9.57 $ 5.236  Millions$ 1  Millions
Agilysys Inc   9.52 $ 85.860  Millions$ 9  Millions
Airgain Inc   9.43 $ 41.135  Millions$ 4  Millions
Enphase Energy Inc   9.31 $ 1,490.372  Millions$ 160  Millions
Ttm Technologies Inc   9.19 $ 1,701.216  Millions$ 185  Millions
Pineapple Energy Inc   8.91 $ 46.670  Millions$ 5  Millions
Franklin Wireless Corp   8.40 $ 40.555  Millions$ 5  Millions
Matterport Inc   8.06 $ 93.890  Millions$ 12  Millions
Pixelworks Inc  7.94 $ 30.784  Millions$ 4  Millions

Date modified: 2023-11-16T17:52:28+00:00



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