Advanzeon Solutions (Advanzeon Solutions) Inventory Turnover : 0.00 (As of Jun. 2020)

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What is Advanzeon Solutions 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. Advanzeon Solutions's Cost of Goods Sold for the three months ended in Jun. 2020 was $0.07 Mil. Advanzeon Solutions's Average Total Inventories for the quarter that ended in Jun. 2020 was $0.00 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Advanzeon Solutions's Days Inventory for the three months ended in Jun. 2020 was 0.00.

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. Advanzeon Solutions's Inventory-to-Revenue for the quarter that ended in Jun. 2020 was 0.00.

Advanzeon Solutions Inventory Turnover Historical Data

The historical data trend for Advanzeon Solutions'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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Advanzeon Solutions Inventory Turnover Chart

Advanzeon Solutions Annual Data

Trend

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Inventory Turnover

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Advanzeon Solutions Quarterly Data
	Mar13	Jun13	Dec13	Dec14	Dec15	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20
Inventory Turnover	Get a 7-Day Free Trial															-	-	-	-	-

Advanzeon Solutions Inventory Turnover Calculation

Advanzeon Solutions's Inventory Turnover for the fiscal year that ended in Dec. 2019 is calculated as

	Inventory Turnover (A: Dec. 2019 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2019 )	/ (	(Total Inventories (A: Dec. 2018 )	+	Total Inventories (A: Dec. 2019 ))	/	count )
=	0.145	/ (	(0	+	0)	/	1 )
=	0.145	/	0
=	N/A

Advanzeon Solutions's Inventory Turnover for the quarter that ended in Jun. 2020 is calculated as

	Inventory Turnover (Q: Jun. 2020 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Jun. 2020 )	/ (	(Total Inventories (Q: Mar. 2020 )	+	Total Inventories (Q: Jun. 2020 ))	/	count )
=	0.065	/ (	(0	+	0)	/	1 )
=	0.065	/	0
=	N/A

Advanzeon Solutions (OTCPK:CHCR) 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.

Advanzeon Solutions's Days Inventory for the three months ended in Jun. 2020 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jun. 2020 )	/	Cost of Goods Sold (Q: Jun. 2020 )	*	Days in Period
	=	0	/	0.065	*	365 / 4
	=	0.00

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.

Advanzeon Solutions's Inventory to Revenue for the quarter that ended in Jun. 2020 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jun. 2020 )	/	Revenue (Q: Jun. 2020 )
	=	0	/	0.103
	=	0.00

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.

Advanzeon Solutions Inventory Turnover Related Terms

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Advanzeon Solutions (Advanzeon Solutions) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Advanzeon Solutions Inc (OTCPK:CHCR) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

2901 W. Busch Boulevard, Suite 701, Tampa, FL, USA, 33618

Website

http://www.advanzeon.com

Advanzeon Solutions Inc is engaged in the provision of behavioral health, substance abuse, and pharmacy management services, as well as sleep apnea programs. The services are primarily offered to commercial, medical, Medicaid, Children's health insurance program health plans as well as self-insured companies. The company has developed a program that is SleepMaster Solutions which is for the identification/testing and therapy of Obstructive Sleep Apnea (OSA). The company generated the majority of the revenue through its Sleep Apnea business.

Executives

Stephen M. Kreitzer	director, other: Medical Dir.. PVMS	4917 ANDROS DRIVE TAMPA FL 33629
Neil S Subin	10 percent owner	2336 S.E. OCEAN BOULEVARD, #400, STUART FL 34996
Clark A. Marcus	director, 10 percent owner, officer: CEO	1211 N. WESTSHORE BLVD., SUITE 512, TAMPA FL 33607
Mark Heidt	director, other: Consultant	2901 W. BUSCH BLVD. SUITE 701 TAMPA FL 33618
Arthur Yeap	director	1211 N. WESTSHORE BLVD. SUITE 512 TAMPA FL 33607
Sharon Kay Ray	director	1211 N. WESTSHORE BLVD. SUITE 512 TAMPA FL 33607
Arnold Finestone	director, officer: CFO	1211 N. WESTSHORE BLVD. SUITE 512 TAMPA FL 33607
Abdul Rauf	officer: COO	C/O ADVANZEON SOLUTIONS, INC., 2901 W. BUSH BLVD, # 701 TAMPA FL 33618
Gerard Smith	director, officer: COO	2901 W. BUSCH BLVD. SUITE 701 TAMPA FL 33618
James L. Koenig	director, officer: CFO	1604 OAKMONT DRIVE BRANDON FL 33511
Ramon Martinez	director, officer: President (a)	3405 W. DR. MARTIN LUTHER KING,JR. BLVD STE. 101 TAMPA FL 33607
Jairo Estrada	director	CALL BOX 1370 DORADO PR 00646-1370
Joshua I Smith	director	TWO EMBARCADERO CENTER, STE 1050, SAN FRANCISCO CA 94111
Robert R Kulbick	officer: President	1001 SUMMIT BLVD, NE, ATLANTA GA 30319
David R Pitts	director	P O BOX 2790, ST FRANCISVILLE LA 70775