Avidus Management Group (Avidus Management Group) Inventory Turnover : 1.94 (As of Sep. 2015)

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What is Avidus Management Group 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. Avidus Management Group's Cost of Goods Sold for the three months ended in Sep. 2015 was $0.63 Mil. Avidus Management Group's Average Total Inventories for the quarter that ended in Sep. 2015 was $0.32 Mil. Avidus Management Group's Inventory Turnover for the quarter that ended in Sep. 2015 was 1.94.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Avidus Management Group's Days Inventory for the three months ended in Sep. 2015 was 47.01.

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. Avidus Management Group's Inventory-to-Revenue for the quarter that ended in Sep. 2015 was 0.44.

Avidus Management Group Inventory Turnover Historical Data

The historical data trend for Avidus Management Group'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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Avidus Management Group Inventory Turnover Chart

Avidus Management Group Annual Data

Trend

Oct08

Oct09

Oct10

Dec11

Dec12

Dec13

Dec14

Inventory Turnover

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24.71

34.69

21.19

15.02

Avidus Management Group Quarterly Data
	Oct10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15
Inventory Turnover	Get a 7-Day Free Trial															1.67	1.45	2.39	1.87	1.94

Avidus Management Group Inventory Turnover Calculation

Avidus Management Group's Inventory Turnover for the fiscal year that ended in Dec. 2014 is calculated as

	Inventory Turnover (A: Dec. 2014 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2014 )	/ (	(Total Inventories (A: Dec. 2013 )	+	Total Inventories (A: Dec. 2014 ))	/	count )
=	3.057	/ (	(0.091	+	0.316)	/	2 )
=	3.057	/	0.2035
=	15.02

Avidus Management Group's Inventory Turnover for the quarter that ended in Sep. 2015 is calculated as

	Inventory Turnover (Q: Sep. 2015 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Sep. 2015 )	/ (	(Total Inventories (Q: Jun. 2015 )	+	Total Inventories (Q: Sep. 2015 ))	/	count )
=	0.627	/ (	(0.291	+	0.355)	/	2 )
=	0.627	/	0.323
=	1.94

Avidus Management Group (OTCPK:ASNHF) 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.

Avidus Management Group's Days Inventory for the three months ended in Sep. 2015 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2015 )	/	Cost of Goods Sold (Q: Sep. 2015 )	*	Days in Period
	=	0.323	/	0.627	*	365 / 4
	=	47.01

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.

Avidus Management Group's Inventory to Revenue for the quarter that ended in Sep. 2015 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2015 )	/	Revenue (Q: Sep. 2015 )
	=	0.323	/	0.73
	=	0.44

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.

Avidus Management Group Inventory Turnover Related Terms

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Avidus Management Group (Avidus Management Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Biotechnology » Avidus Management Group Inc (OTCPK:ASNHF) » Definitions » Inventory Turnover

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Address

10153 East Hampton Avenue, Suite 101, Mesa, AZ, USA, 85209

Website

http://www.asantae.com

Avidus Management Group Inc is a Canada based marketer and distributor of nutraceutical products. It is principally engaged in the sales of nutraceuticals and health aids to retail vendors and to individuals or businesses. The company sells its products in the United States and Canada, of which majority of the revenue is generated from the United States.

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