Aspen Group (Aspen Group) Inventory Turnover : 0.00 (As of Jan. 2023)

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What is Aspen Group 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. Aspen Group's Cost of Goods Sold for the three months ended in Jan. 2023 was $5.39 Mil. Aspen Group's Average Total Inventories for the quarter that ended in Jan. 2023 was $0.00 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Aspen Group's Days Inventory for the three months ended in Jan. 2023 was 0.00.

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. Aspen Group's Inventory-to-Revenue for the quarter that ended in Jan. 2023 was 0.00.

Aspen Group Inventory Turnover Historical Data

The historical data trend for Aspen Group'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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Aspen Group Inventory Turnover Chart

Aspen Group Annual Data

Trend

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Apr21

Apr22

Inventory Turnover

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Aspen Group Quarterly Data
	Apr18	Jul18	Oct18	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23
Inventory Turnover	Get a 7-Day Free Trial															-	-	-	-	-

Aspen Group Inventory Turnover Calculation

Aspen Group's Inventory Turnover for the fiscal year that ended in Apr. 2022 is calculated as

	Inventory Turnover (A: Apr. 2022 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Apr. 2022 )	/ (	(Total Inventories (A: Apr. 2021 )	+	Total Inventories (A: Apr. 2022 ))	/	count )
=	35.259	/ (	(0	+	0)	/	1 )
=	35.259	/	0
=	N/A

Aspen Group's Inventory Turnover for the quarter that ended in Jan. 2023 is calculated as

	Inventory Turnover (Q: Jan. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Jan. 2023 )	/ (	(Total Inventories (Q: Oct. 2022 )	+	Total Inventories (Q: Jan. 2023 ))	/	count )
=	5.394	/ (	(0	+	0)	/	1 )
=	5.394	/	0
=	N/A

Aspen Group (OTCPK:ASPU) 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.

Aspen Group's Days Inventory for the three months ended in Jan. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jan. 2023 )	/	Cost of Goods Sold (Q: Jan. 2023 )	*	Days in Period
	=	0	/	5.394	*	365 / 4
	=	0.00

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.

Aspen Group's Inventory to Revenue for the quarter that ended in Jan. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jan. 2023 )	/	Revenue (Q: Jan. 2023 )
	=	0	/	15.574
	=	0.00

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.

Aspen Group Inventory Turnover Related Terms

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Aspen Group (Aspen Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » Aspen Group Inc (OTCPK:ASPU) » Definitions » Inventory Turnover

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Traded in Other Exchanges

N/A

Address

276 Fifth Avenue, Suite 505, New York, NY, USA, 10001

Website

https://www.aspu.com

Aspen Group Inc is an education technology holding company that leverages its infrastructure and expertise to allow its two universities, Aspen University and United States University, to deliver on the vision of making college affordable again. Its only segment is the educational delivery operation using a core infrastructure that serves the curriculum and educational delivery needs of its online and campus students regardless of geography.

Executives

Michael L Koehneman	director	276 FIFTH AVENUE, SUITE 505, NEW YORK NY 10001
Douglas Kass	director	C/O EMPIRE RESOURCES, INC., ONE PARKER PLAZA, FORT LEE NJ 07024
Matthew Lavay	officer: Chief Financial Officer	C/O ELLIE MAE, INC., 4420 ROSEWOOD DRIVE, 5TH FL, PLEASANTON CA 94588
Cheri St. Arnauld	officer: Chief Academic Officer	720 SOUTH COLORADO BOULEVARD, SUITE 1150N, DENVER CO 80246
Michael Mathews	director, officer: Chief Executive Officer	257 PARK AVENUE SOUTH, SUITE 602, NEW YORK NY 10010
Robert Alessi	officer: Chief Accounting Officer	276 FIFTH AVENUE, SUITE 505, NEW YORK NY 10001
Joan Marie Prince	director	276 FIFTH AVENUE, SUITE 505, NEW YORK NY 10001
Gerard Wendolowski	officer: Chief Operating Officer	720 SOUTH COLORADO BOULEVARD, SUITE 1150N, DENVER CO 80246
C James Jensen	director	C/O ASPEN GROUP, INC., 276 FIFTH AVENUE, SUITE 505, NEW YORK NY 10001
Frank J Cotroneo	director	4400 MAIN ST, KANSAS CITY MO 64111
Anne M Mcnamara	officer: Chief Nursing Officer	276 FIFTH AVENUE, SUITE 505, NEW YORK NY 10001
Sanford Rich	director	26 BEACH DRIVE, DARIEN CT 06820
Maclean Malcolm F Iv	director	C/O ASPEN GROUP, INC., 1660 SOUTH ALBION STREET, SUITE 525, DENVER CO 80222
Joseph L. Sevely	officer: Chief Financial Officer	276 FIFTH AVENUE, SUITE 306, NEW YORK NY 10001
Janet Gill	officer: Executive Vice President	720 SOUTH COLORADO BOULEVARD, SUITE 1150N, DENVER CO 80246