Viskase (Viskase) Inventory Turnover : 0.73 (As of Sep. 2023)

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What is Viskase 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. Viskase's Cost of Goods Sold for the three months ended in Sep. 2023 was $82.6 Mil. Viskase's Average Total Inventories for the quarter that ended in Sep. 2023 was $113.7 Mil. Viskase's Inventory Turnover for the quarter that ended in Sep. 2023 was 0.73.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Viskase's Days Inventory for the three months ended in Sep. 2023 was 125.69.

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. Viskase's Inventory-to-Revenue for the quarter that ended in Sep. 2023 was 1.09.

Viskase Inventory Turnover Historical Data

The historical data trend for Viskase'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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Viskase Inventory Turnover Chart

Viskase Annual Data

Trend

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Inventory Turnover

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3.68

3.36

3.32

3.61

3.43

Viskase Quarterly Data
	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Sep22	Sep23
Inventory Turnover	Get a 7-Day Free Trial															0.80	0.78	0.87	1.00	0.73

Viskase Inventory Turnover Calculation

Viskase's Inventory Turnover for the fiscal year that ended in Dec. 2018 is calculated as

	Inventory Turnover (A: Dec. 2018 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2018 )	/ (	(Total Inventories (A: Dec. 2017 )	+	Total Inventories (A: Dec. 2018 ))	/	count )
=	315.764	/ (	(91.589	+	92.525)	/	2 )
=	315.764	/	92.057
=	3.43

Viskase's Inventory Turnover for the quarter that ended in Sep. 2023 is calculated as

	Inventory Turnover (Q: Sep. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Sep. 2023 )	/ (	(Total Inventories (Q: Sep. 2022 )	+	Total Inventories (Q: Sep. 2023 ))	/	count )
=	82.558	/ (	(0	+	113.72)	/	1 )
=	82.558	/	113.72
=	0.73

Viskase (OTCPK:VKSC) 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.

Viskase's Days Inventory for the three months ended in Sep. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2023 )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
	=	113.72	/	82.558	*	365 / 4
	=	125.69

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.

Viskase's Inventory to Revenue for the quarter that ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2023 )	/	Revenue (Q: Sep. 2023 )
	=	113.72	/	104.724
	=	1.09

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.

Viskase Inventory Turnover Related Terms

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Viskase (Viskase) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Viskase Companies Inc (OTCPK:VKSC) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

333 East Butterfield Road, Suite 400, Lombard, IL, USA, 60148-5679

Website

https://www.viskase.com

Viskase Companies Inc together with its subsidiaries manufactures and distributes non-edible cellulosic food casings used to prepare and package processed meat products. It offers cellulose, fibrous, polyamide casings, and film under the brand NOJAX, VISCOAT, MOKE MASTER, COLOR MASTER, POLYJAX, and others. The company's geographical segments are located in North America, South America, Europe, and Asia. The majority of its revenue is derived from North America.

Viskase (Viskase) Headlines

From GuruFocus

Viskase Companies, Inc. - Special Call Transcript

By GuruFocus Research • 02-15-2024