GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Diagnostics & Research » Invitro International (OTCPK:IVRO) » Definitions » Inventory Turnover

Invitro International (Invitro International) Inventory Turnover : 0.21 (As of Jun. 2097)


View and export this data going back to 1991. Start your Free Trial

What is Invitro International 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. Invitro International's Cost of Goods Sold for the three months ended in Jun. 2097 was $0.10 Mil. Invitro International's Average Total Inventories for the quarter that ended in Jun. 2097 was $0.49 Mil. Invitro International's Inventory Turnover for the quarter that ended in Jun. 2097 was 0.21.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Invitro International's Days Inventory for the three months ended in Jun. 2097 was 442.38.

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. Invitro International's Inventory-to-Revenue for the quarter that ended in Jun. 2097 was 2.73.

Invitro International Inventory Turnover Historical Data

The historical data trend for Invitro International'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.

Invitro International Inventory Turnover Chart

Invitro International Annual Data
Trend Feb90 Feb91 Sep92 Sep93 Sep94 Sep95 Sep96
Inventory Turnover
Get a 7-Day Free Trial 1.00 1.60 2.00 2.40 1.67

Invitro International Quarterly Data
Sep92 Dec92 Mar93 Jun93 Sep93 Dec93 Mar94 Jun94 Sep94 Dec94 Mar95 Jun95 Sep95 Dec95 Mar96 Jun96 Sep96 Dec96 Mar97 Jun97
Inventory Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.71 -0.03 - 0.21 0.21

Invitro International Inventory Turnover Calculation

Invitro International's Inventory Turnover for the fiscal year that ended in Sep. 2096 is calculated as

Inventory Turnover (A: Sep. 2096 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (A: Sep. 2096 ) / ((Total Inventories (A: Sep. 2095 ) + Total Inventories (A: Sep. 2096 )) / count )
=0.5 / ((0.2 + 0.4) / 2 )
=0.5 / 0.3
=1.67

Invitro International's Inventory Turnover for the quarter that ended in Jun. 2097 is calculated as

Inventory Turnover (Q: Jun. 2097 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (Q: Jun. 2097 ) / ((Total Inventories (Q: Mar. 2097 ) + Total Inventories (Q: Jun. 2097 )) / count )
=0.102 / ((0.503 + 0.486) / 2 )
=0.102 / 0.4945
=0.21

* 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.

Invitro International  (OTCPK:IVRO) 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.

Invitro International's Days Inventory for the three months ended in Jun. 2097 is calculated as:

Days Inventory =Average Total Inventories (Q: Jun. 2097 )/Cost of Goods Sold (Q: Jun. 2097 )*Days in Period
=0.4945/0.102*365 / 4
=442.38

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.

Invitro International's Inventory to Revenue for the quarter that ended in Jun. 2097 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Jun. 2097 ) / Revenue (Q: Jun. 2097 )
=0.4945 / 0.181
=2.73

* 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.

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.

Invitro International Inventory Turnover Related Terms

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

Invitro International (Invitro International) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Diagnostics & Research » Invitro International (OTCPK:IVRO) » Definitions » Inventory Turnover
Comparable Companies
ASX:LSH IDTA TSXV:TELO ASX:CTE XSAT:ALPH BOM:526301 ABMC BOM:541299 BOM:526546 NGM:LIFE B XLRM TSXV:AVCR TEAR WAR:BMX XKRX:271850 TSXV:MBI.H WAR:IGN BOM:526504 BOM:516110 SGX:505
Traded in Other Exchanges
N/A
Address
330 East Orangethorpe Avenue, Suite D, Placentia, CA, USA, 92870
Website
https://www.invitrointl.com
Invitro International is a provider of non-animal testing methods. The company develops and commercializes test kits and laboratory services. Its testing technologies are designed to produce data regarding corrosivity, or ocular/dermal irritation, which correlate with animal and human test results. Its products and services include Irritection, Corrositex, and Lab Services. The company provides its products to various industries such as cosmetics, personal care, household products, textiles, pharmaceuticals, chemicals, and hazardous waste transportation. The majority of its revenue is generated from the United States and it also exports to other countries.