REMSleep Holdings (REMSleep Holdings) Inventory Turnover : 0.15 (As of Mar. 2024)

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What is REMSleep Holdings 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. REMSleep Holdings's Cost of Goods Sold for the three months ended in Mar. 2024 was $0.01 Mil. REMSleep Holdings's Average Total Inventories for the quarter that ended in Mar. 2024 was $0.09 Mil. REMSleep Holdings's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.15.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. REMSleep Holdings's Days Inventory for the three months ended in Mar. 2024 was 602.90.

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. REMSleep Holdings's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 1.59.

REMSleep Holdings Inventory Turnover Historical Data

The historical data trend for REMSleep Holdings'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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REMSleep Holdings Inventory Turnover Chart

REMSleep Holdings Annual Data

Trend

Dec14

Dec15

Dec16

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Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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0.24

1.66

REMSleep Holdings Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial															0.07	0.05	0.05	1.60	0.15

REMSleep Holdings Inventory Turnover Calculation

REMSleep Holdings's Inventory Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Inventory Turnover (A: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2023 )	/ (	(Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )
=	0.961	/ (	(1.056	+	0.099)	/	2 )
=	0.961	/	0.5775
=	1.66

REMSleep Holdings's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

	Inventory Turnover (Q: Mar. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2024 )	/ (	(Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )
=	0.014	/ (	(0.099	+	0.086)	/	2 )
=	0.014	/	0.0925
=	0.15

REMSleep Holdings (OTCPK:RMSL) 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.

REMSleep Holdings's Days Inventory for the three months ended in Mar. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2024 )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
	=	0.0925	/	0.014	*	365 / 4
	=	602.90

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.

REMSleep Holdings's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	0.0925	/	0.058
	=	1.59

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.

REMSleep Holdings Inventory Turnover Related Terms

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REMSleep Holdings (REMSleep Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » REMSleep Holdings Inc (OTCPK:RMSL) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

14175 ICOT Blvd, Suite 300, Clearwater, FL, USA, 33760

Website

https://www.remsleep.com

REMSleep Holdings Inc is focused on designing and manufacturing devices and products for the treatment of sleep apnea and other respiratory conditions. The company offers the product DeltaWave which is specifically designed with airflow characteristics to enable patients with sleep apnea to breathe normally. Geographically, the business activity of the group functions through the region of the United States.

Executives

Russell Finlay Bird	10 percent owner, officer: President	722 50TH STREET, DES MOINES IA 50312
Tom J Wood	director, officer: CEO	1170 CHERRYWOOD RD, WAYCROSS GA 31503
Thomas Brookes	director, officer: VP & MD OF EKOM EYA MINE DIV.	1149 TOPSAIL ROAD, MOUNT PEARL A4 AIN 5G2
Matthew Sullivan	director, officer: ASST. VP OF EKOM EYA MINE DIV.	1149 TOPSAIL ROAD, MOUNT PEARL A4 AIN5G2
David M Barnes	officer: Chief Financial Officer	6800 JERICHO TURNPIKE, SUITE 208E, SYOSSET NY 11791
Walter Leslie Thistle	director, other: Chairman of the Board	17 COLLINGWOOD CRESCENT, MOUNT PEARL A4 A1N5C6
Kat Exploration Inc.	10 percent owner	1149 TOPSAIL ROAD, MOUNT PEARL A4 A1N5G2
Ken Stead	director, 10 percent owner, officer: CEO and President	15 BLADE CRESCENT, MOUNT PEARL A4 A1N 5L1
Ronald Davis	officer: PRESIDENT	4412 8TH STREET SW, VERO BEACH FL 32968