Certive Solutions (Certive Solutions) Inventory Turnover : 2.49 (As of Feb. 2024)

View and export this data going back to 2013. Start your Free Trial

What is Certive 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. Certive Solutions's Cost of Goods Sold for the three months ended in Feb. 2024 was $0.23 Mil. Certive Solutions's Average Total Inventories for the quarter that ended in Feb. 2024 was $0.09 Mil. Certive Solutions's Inventory Turnover for the quarter that ended in Feb. 2024 was 2.49.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Certive Solutions's Days Inventory for the three months ended in Feb. 2024 was 36.58.

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. Certive Solutions's Inventory-to-Revenue for the quarter that ended in Feb. 2024 was 0.27.

Certive Solutions Inventory Turnover Historical Data

The historical data trend for Certive 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.

* Premium members only.

Certive Solutions Inventory Turnover Chart

Certive Solutions Annual Data

Trend

May14

May15

May16

May17

May18

May19

May20

May21

May22

May23

Inventory Turnover

Get a 7-Day Free Trial

3.80

3.43

4.30

5.78

8.81

Certive Solutions Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Inventory Turnover	Get a 7-Day Free Trial															1.35	1.83	1.58	1.68	2.49

Certive Solutions Inventory Turnover Calculation

Certive Solutions's Inventory Turnover for the fiscal year that ended in May. 2023 is calculated as

	Inventory Turnover (A: May. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: May. 2023 )	/ (	(Total Inventories (A: May. 2022 )	+	Total Inventories (A: May. 2023 ))	/	count )
=	1.132	/ (	(0.119	+	0.138)	/	2 )
=	1.132	/	0.1285
=	8.81

Certive Solutions's Inventory Turnover for the quarter that ended in Feb. 2024 is calculated as

	Inventory Turnover (Q: Feb. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Feb. 2024 )	/ (	(Total Inventories (Q: Nov. 2023 )	+	Total Inventories (Q: Feb. 2024 ))	/	count )
=	0.232	/ (	(0.101	+	0.085)	/	2 )
=	0.232	/	0.093
=	2.49

Certive Solutions (OTCPK:CTVEF) 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.

Certive Solutions's Days Inventory for the three months ended in Feb. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Feb. 2024 )	/	Cost of Goods Sold (Q: Feb. 2024 )	*	Days in Period
	=	0.093	/	0.232	*	365 / 4
	=	36.58

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.

Certive Solutions's Inventory to Revenue for the quarter that ended in Feb. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Feb. 2024 )	/	Revenue (Q: Feb. 2024 )
	=	0.093	/	0.342
	=	0.27

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.

Certive Solutions Inventory Turnover Related Terms

Thank you for viewing the detailed overview of Certive Solutions's Inventory Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Certive Solutions (Certive Solutions) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

CBP:Canada

Address

8149 North 87th Place, Scottsdale, AZ, USA, 85258

Website

https://www.certivehealth.com

Certive Solutions Inc is a service provider in the Revenue Cycle Management (RCM) segment of the United States healthcare industry. The company provides claims audit and recovery solutions. Along with its subsidiaries, the Titan and Omega divisions provide retrospective claim audits against payer contracts, identify underpayments, and rebill and collect revenues for hospital customers. Its lines of business include billing support, claim audit and recovery, consulting services and chargemaster/lost charge recovery. The Company currently provides services to hospital clients enhancing the efficiency and effectiveness of lost charge recovery services, in revenue-sharing relationships that improve hospital clients' net operating results.

Certive Solutions (Certive Solutions) Headlines

From GuruFocus

Certive Announces New Hospital Client

By ACCESSWIRE ACCESSWIRE • 07-16-2021

Certive Announces Expanded Scope of Work with Major Client

By ACCESSWIRE AccessWire • 04-12-2019

Certive Announces Annual General Meeting Results and Offering

By ACCESSWIRE AccessWire • 04-12-2019

Certive Announces Expanded Partnership with TechSlayers to Provide Cybersecurity Solutions

By ACCESSWIRE ACCESSWIRE • 03-08-2022

Certive Announces New Board Member and AGSM

By ACCESSWIRE ACCESSWIRE • 09-01-2021