Omni Health (Omni Health) Inventory Turnover : 3.88 (As of Jan. 2017)

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What is Omni 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. Omni Health's Cost of Goods Sold for the three months ended in Jan. 2017 was $1.07 Mil. Omni Health's Average Total Inventories for the quarter that ended in Jan. 2017 was $0.28 Mil. Omni Health's Inventory Turnover for the quarter that ended in Jan. 2017 was 3.88.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Omni Health's Days Inventory for the three months ended in Jan. 2017 was 23.51.

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. Omni Health's Inventory-to-Revenue for the quarter that ended in Jan. 2017 was 0.19.

Omni Health Inventory Turnover Historical Data

The historical data trend for Omni 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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Omni Health Inventory Turnover Chart

Omni Health Annual Data

Trend

Apr14

Apr15

Apr16

Inventory Turnover

4.02

6.85

Omni Health Quarterly Data
	Apr14	Jul14	Oct14	Jan15	Apr15	Jul15	Oct15	Jan16	Apr16	Jul16	Oct16	Jan17
Inventory Turnover	Get a 7-Day Free Trial							2.11	4.50	2.57	3.34	3.88

Omni Health Inventory Turnover Calculation

Omni Health's Inventory Turnover for the fiscal year that ended in Apr. 2016 is calculated as

	Inventory Turnover (A: Apr. 2016 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Apr. 2016 )	/ (	(Total Inventories (A: Apr. 2015 )	+	Total Inventories (A: Apr. 2016 ))	/	count )
=	0.185	/ (	(0.027	+	0.027)	/	2 )
=	0.185	/	0.027
=	6.85

Omni Health's Inventory Turnover for the quarter that ended in Jan. 2017 is calculated as

	Inventory Turnover (Q: Jan. 2017 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Jan. 2017 )	/ (	(Total Inventories (Q: Oct. 2016 )	+	Total Inventories (Q: Jan. 2017 ))	/	count )
=	1.073	/ (	(0.267	+	0.286)	/	2 )
=	1.073	/	0.2765
=	3.88

Omni Health (OTCPK:OMHE) 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.

Omni Health's Days Inventory for the three months ended in Jan. 2017 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jan. 2017 )	/	Cost of Goods Sold (Q: Jan. 2017 )	*	Days in Period
	=	0.2765	/	1.073	*	365 / 4
	=	23.51

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.

Omni Health's Inventory to Revenue for the quarter that ended in Jan. 2017 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jan. 2017 )	/	Revenue (Q: Jan. 2017 )
	=	0.2765	/	1.471
	=	0.19

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.

Omni Health Inventory Turnover Related Terms

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Omni Health (Omni Health) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Omni Health Inc (OTCPK:OMHE) » Definitions » Inventory Turnover

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Traded in Other Exchanges

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Address

5966 West 16th Avenue, Miami Beach, FL, USA, 33012

Website

https://www.omnihealth.md

Omni Health Inc operates a pharmacy in Miami Beach, Florida. The company operates through its subsidiary as a vertically integrated company focused on healthcare and operating in the lucrative pharmaceutical, medical and wellness industries.

Omni Health (Omni Health) Headlines

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