Promino Nutritional Sciences (XCNQ:MUSL) Inventory Turnover : 1.17 (As of Dec. 2023)

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What is Promino Nutritional Sciences 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. Promino Nutritional Sciences's Cost of Goods Sold for the three months ended in Dec. 2023 was C$0.89 Mil. Promino Nutritional Sciences's Average Total Inventories for the quarter that ended in Dec. 2023 was C$0.76 Mil. Promino Nutritional Sciences's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.17.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Promino Nutritional Sciences's Days Inventory for the three months ended in Dec. 2023 was 77.76.

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. Promino Nutritional Sciences's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 9.21.

Promino Nutritional Sciences Inventory Turnover Historical Data

The historical data trend for Promino Nutritional Sciences'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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Promino Nutritional Sciences Inventory Turnover Chart

Promino Nutritional Sciences Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

2.39

1.23

2.19

2.56

Promino Nutritional Sciences Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Inventory Turnover	Get a 7-Day Free Trial											1.18	0.01	0.04	0.58	1.17

Promino Nutritional Sciences Inventory Turnover Calculation

Promino Nutritional Sciences'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 )
=	1.872	/ (	(1.449	+	0.014)	/	2 )
=	1.872	/	0.7315
=	2.56

Promino Nutritional Sciences's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

	Inventory Turnover (Q: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2023 )	/ (	(Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	0.886	/ (	(1.496	+	0.014)	/	2 )
=	0.886	/	0.755
=	1.17

Promino Nutritional Sciences (XCNQ:MUSL) 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.

Promino Nutritional Sciences's Days Inventory for the three months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	0.755	/	0.886	*	365 / 4
	=	77.76

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.

Promino Nutritional Sciences's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	0.755	/	0.082
	=	9.21

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.

Promino Nutritional Sciences Inventory Turnover Related Terms

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Promino Nutritional Sciences (XCNQ:MUSL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Promino Nutritional Sciences Inc (XCNQ:MUSL) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

ELNSF:USA 93X:Germany

Address

1100 Walkers Line, Suite 401, Burlington, ON, CAN, L7N 2G3

Website

https://www.elmtinc.com

Element Nutritional Sciences Inc is engaged in developing science-based nutritional products for the aging demographic 45 and over. Its products are widely available, scientifically formulated, and clinically proven to help rebuild, restore and rejuvenate muscle.

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