Radiko Holdings (XCNQ:RDKO) Inventory Turnover : 1.05 (As of Sep. 2020)

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What is Radiko 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. Radiko Holdings's Cost of Goods Sold for the three months ended in Sep. 2020 was C$0.89 Mil. Radiko Holdings's Average Total Inventories for the quarter that ended in Sep. 2020 was C$0.85 Mil. Radiko Holdings's Inventory Turnover for the quarter that ended in Sep. 2020 was 1.05.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Radiko Holdings's Days Inventory for the three months ended in Sep. 2020 was 87.13.

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. Radiko Holdings's Inventory-to-Revenue for the quarter that ended in Sep. 2020 was 0.65.

Radiko Holdings Inventory Turnover Historical Data

The historical data trend for Radiko 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.

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Radiko Holdings Inventory Turnover Chart

Radiko Holdings Annual Data

Trend

Jul11

Jul12

Jul13

Jul14

Jul15

Jul16

Jul17

Dec18

Dec19

Inventory Turnover

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1.20

13.28

Radiko Holdings Quarterly Data
	Oct15	Jan16	Apr16	Jul16	Oct16	Jan17	Apr17	Jul17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20
Inventory Turnover	Get a 7-Day Free Trial															1.06	1.54	1.05	1.20	1.05

Radiko Holdings Inventory Turnover Calculation

Radiko Holdings'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 )
=	8.935	/ (	(0.316	+	1.03)	/	2 )
=	8.935	/	0.673
=	13.28

Radiko Holdings's Inventory Turnover for the quarter that ended in Sep. 2020 is calculated as

	Inventory Turnover (Q: Sep. 2020 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Sep. 2020 )	/ (	(Total Inventories (Q: Jun. 2020 )	+	Total Inventories (Q: Sep. 2020 ))	/	count )
=	0.885	/ (	(0.814	+	0.876)	/	2 )
=	0.885	/	0.845
=	1.05

Radiko Holdings (XCNQ:RDKO) 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.

Radiko Holdings's Days Inventory for the three months ended in Sep. 2020 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2020 )	/	Cost of Goods Sold (Q: Sep. 2020 )	*	Days in Period
	=	0.845	/	0.885	*	365 / 4
	=	87.13

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.

Radiko Holdings's Inventory to Revenue for the quarter that ended in Sep. 2020 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2020 )	/	Revenue (Q: Sep. 2020 )
	=	0.845	/	1.302
	=	0.65

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.

Radiko Holdings Inventory Turnover Related Terms

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Radiko Holdings (XCNQ:RDKO) Business Description

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GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Radiko Holdings Corp (XCNQ:RDKO) » Definitions » Inventory Turnover

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Address

12655 West Jefferson Boulevard, Los Angeles, CA, USA, 90066

Website

https://www.radikoholdings.com

Radiko Holdings Corp through its subsidiaries, is engaged in cannabis product manufacturing and distributing. The group generates revenue from licensing fees, royalties and agreements with companies who distribute and sell products in the Cannabis Industry, as well from the direct sale of merchandise such as clothing, paraphernalia, posters, and other products. Its other brands include La Vida Verde, Blank Brand, and Skunk Feather.

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