America Great Health (America Great Health) Inventory Turnover : 0.07 (As of Dec. 2023)

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What is America Great Health 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. America Great Health's Cost of Goods Sold for the three months ended in Dec. 2023 was $0.01 Mil. America Great Health's Average Total Inventories for the quarter that ended in Dec. 2023 was $0.12 Mil. America Great Health's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.07.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. America Great Health's Days Inventory for the three months ended in Dec. 2023 was 1,380.16.

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. America Great Health's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 1.33.

America Great Health Inventory Turnover Historical Data

The historical data trend for America Great Health'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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America Great Health Inventory Turnover Chart

America Great Health Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Inventory Turnover

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3.00

32.22

25.63

0.31

America Great Health 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															0.07	-	-	-	0.07

America Great Health Inventory Turnover Calculation

America Great Health's Inventory Turnover for the fiscal year that ended in Jun. 2023 is calculated as

	Inventory Turnover (A: Jun. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Jun. 2023 )	/ (	(Total Inventories (A: Jun. 2022 )	+	Total Inventories (A: Jun. 2023 ))	/	count )
=	0.035	/ (	(0.116	+	0.108)	/	2 )
=	0.035	/	0.112
=	0.31

America Great Health'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 )
=	0.008	/ (	(0.108	+	0.134)	/	2 )
=	0.008	/	0.121
=	0.07

America Great Health (OTCPK:AAGH) 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.

America Great Health'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
	=	0.121	/	0.008	*	365 / 4
	=	1,380.16

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.

America Great Health'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 )
	=	0.121	/	0.091
	=	1.33

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.

America Great Health Inventory Turnover Related Terms

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America Great Health (America Great Health) Business Description

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GURUFOCUS.COM » STOCK LIST » Healthcare » Biotechnology » America Great Health (OTCPK:AAGH) » Definitions » Inventory Turnover

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Address

1609 W Valley Boulevard, Unit 338A, Alhambra, CA, USA, 91803

Website

http://www.aaghus.com

America Great Health operates as a biotechnology company. The company focuses on protein and peptide small molecular drugs research and development, diagnostic and medical devices with AI cloud computing, cell therapy, and regenerative medicine and supplements, as well as invests in technologies and integrates with business development for the healthcare ecosystem.

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