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American International Holdings (American International Holdings) Inventory Turnover : 5.00 (As of Mar. 2023)


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What is American International 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. American International Holdings's Cost of Goods Sold for the three months ended in Mar. 2023 was $0.07 Mil. American International Holdings's Average Total Inventories for the quarter that ended in Mar. 2023 was $0.01 Mil. American International Holdings's Inventory Turnover for the quarter that ended in Mar. 2023 was 5.00.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. American International Holdings's Days Inventory for the three months ended in Mar. 2023 was 18.25.

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. American International Holdings's Inventory-to-Revenue for the quarter that ended in Mar. 2023 was 0.26.

American International Holdings Inventory Turnover Historical Data

The historical data trend for American International 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.

* Premium members only.

American International Holdings Inventory Turnover Chart

American International Holdings Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Inventory Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - 10.00 0.71

American International Holdings Quarterly Data
Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23
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 0.25 - 0.33 - 5.00

American International Holdings Inventory Turnover Calculation

American International Holdings's Inventory Turnover for the fiscal year that ended in Dec. 2022 is calculated as

Inventory Turnover (A: Dec. 2022 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (A: Dec. 2022 ) / ((Total Inventories (A: Dec. 2021 ) + Total Inventories (A: Dec. 2022 )) / count )
=0.006 / ((0.004 + 0.013) / 2 )
=0.006 / 0.0085
=0.71

American International Holdings's Inventory Turnover for the quarter that ended in Mar. 2023 is calculated as

Inventory Turnover (Q: Mar. 2023 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (Q: Mar. 2023 ) / ((Total Inventories (Q: Dec. 2022 ) + Total Inventories (Q: Mar. 2023 )) / count )
=0.065 / ((0.013 + 0) / 1 )
=0.065 / 0.013
=5.00

* 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.

American International Holdings  (OTCPK:AMIH) 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.

American International Holdings's Days Inventory for the three months ended in Mar. 2023 is calculated as:

Days Inventory =Average Total Inventories (Q: Mar. 2023 )/Cost of Goods Sold (Q: Mar. 2023 )*Days in Period
=0.013/0.065*365 / 4
=18.25

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.

American International Holdings's Inventory to Revenue for the quarter that ended in Mar. 2023 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Mar. 2023 ) / Revenue (Q: Mar. 2023 )
=0.013 / 0.05
=0.26

* 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.

American International Holdings Inventory Turnover Related Terms

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American International Holdings (American International Holdings) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Personal Services » American International Holdings Corp (OTCPK:AMIH) » Definitions » Inventory Turnover
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Traded in Other Exchanges
N/A
Address
205S Bailey Street, Electra, TX, USA, 76360
Website
https://www.amihcorp.com
American International Holdings Corp is a diversified holding company. The firm is engaged in acquiring, managing and operating health, wellness and medical spa/treatment facilities across the United States and abroad.
Executives
Michael David Mclaren director, 10 percent owner, officer: Chief Executive Officer 205 S BAILEY STREET, ELECTRA TX 76360
Gary Giles director 2632 TORREY PINE DRIVE, FORT WORTH TX 76109
Marble Trital Inc. 10 percent owner 90 STATE STREET, SUITE 700, OFFICE 40, ALBANY NY 12207
Kenny Myers director 5101 ADDISON CIRCLE,, UNIT 401,, ADDISON TX 75001
Lorraine Pamela D'alessio director 8200 WILSHIRE BLVD, BEVERLY HILLS, CALIFORNIA CA 90211
Peter Casey Jensen director 1052 MONTE CRISTO, PHOENIX AZ 85022
Jacob D. Cohen director, 10 percent owner, officer: CHIEF EXECUTIVE OFFICER 2101 GLENDALE DRIVE, PLANO TX 75023
Luis Alan Hernandez director, 10 percent owner, officer: CHIEF MARKETING OFFICER 11222 RICHMOND AVENUE SUITE 195, HOUSTON TX 77082
Esteban Alexander director, 10 percent owner, officer: CHIEF OPERATING OFFICER 11222 RICHMOND AVENUE, SUITE 195, HOUSTON TX 77082
Daniel Dror officer: Chairman & CEO 601 HANSON RD, KEMAH TX 77565-2701
Stump John W Iii other: Director 601 CIEN RD, SUITE 235, KEMAH TX 77565-3077
Sherry Lynne Couturier officer: VP & CFO 601 CIEN STREET, STE. 235, KEMAH TX 77565
American International Industries Inc 10 percent owner 601 CIEN ST, SUITE 235, KEMAH TX 77565-2701
Gary D Woerz officer: President and CFO 601 CIEN RD, SUITE 235, KEMAH TX 77565