RM2 International (RM2 International) Inventory Turnover : 0.00 (As of Jun. 2020)

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What is RM2 International 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. RM2 International's Cost of Goods Sold for the three months ended in Jun. 2020 was $0.00 Mil. RM2 International's Average Total Inventories for the quarter that ended in Jun. 2020 was $6.98 Mil. RM2 International's Inventory Turnover for the quarter that ended in Jun. 2020 was 0.00.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

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.

RM2 International Inventory Turnover Historical Data

The historical data trend for RM2 International'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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RM2 International Inventory Turnover Chart

RM2 International Annual Data

Trend

Dec10

Dec11

Jun13

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Inventory Turnover

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4.85

5.98

5.65

5.46

5.98

RM2 International Quarterly Data
	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Jun20
Inventory Turnover	Get a 7-Day Free Trial															1.35	1.36	1.36	-0.08	-

RM2 International Inventory Turnover Calculation

RM2 International's Inventory Turnover for the fiscal year that ended in Jun. 2020 is calculated as

	Inventory Turnover (A: Jun. 2020 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Jun. 2020 )	/ (	(Total Inventories (A: Jun. 2019 )	+	Total Inventories (A: Jun. 2020 ))	/	count )
=	41.724	/ (	(8.424	+	5.53)	/	2 )
=	41.724	/	6.977
=	5.98

RM2 International's Inventory Turnover for the quarter that ended in Jun. 2020 is calculated as

	Inventory Turnover (Q: Jun. 2020 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Jun. 2020 )	/ (	(Total Inventories (Q: Jun. 2019 )	+	Total Inventories (Q: Jun. 2020 ))	/	count )
=	0	/ (	(8.424	+	5.53)	/	2 )
=	0	/	6.977
=	0.00

RM2 International (OTCPK:RMTO) 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.

RM2 International's Days Inventory for the three months ended in Jun. 2020 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jun. 2020 )	/	Cost of Goods Sold (Q: Jun. 2020 )	*	Days in Period
	=	6.977	/	0	*	365 / 4
	=

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.

RM2 International's Inventory to Revenue for the quarter that ended in Jun. 2020 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jun. 2020 )	/	Revenue (Q: Jun. 2020 )
	=	6.977	/	0
	=

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.

RM2 International Inventory Turnover Related Terms

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RM2 International (RM2 International) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » RM2 International Inc (OTCPK:RMTO) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

810 Flightline Boulevard, Deland, FL, USA, 32724

Website

https://www.rm2.com

RM2 International Inc leases robust composite pallets to replace wooden pallets, including smart Internet of Things (IoT) technologies, to improve logistics. In every BLOCKPal pallet, embedded IoT sensors capture location, temperature, shock & tilt, and movement. Sensor data is transmitted via a high-speed LTE-M network to RM2's secure cloud database. RM2 issues, retrieves, and sanitizes more than 1.5 million of its hygienic IoT pallets annually through a nationwide network of over 30 service facilities in a cost-effective, scalable, and environmentally sustainable pallet pooling system.

Executives

Brian Knaley	other: Former Officer	C/O ARC GROUP WORLDWIDE, INC., 810 FLIGHTLINE BLVD., DELAND FL 32724
Everest Hill Group Inc.	10 percent owner	TROPIC ISLE BUILDING, P O BOX 3331, ROAD TOWN TORTOLA D8 VG 1110
Alan G Quasha	director	127 EAST 73RD STREET, NEW YORK NY 10021
Theodore Deinard	other: Former Interim CEO, CFO, & Dir	C/O ARC WIRELESS SOLUTIONS, INC., 6330 NORTH WASHINGTON ST., SUITE 13, DENVER CO 80216
Javier Baz	director	1100 HUMBOLDT STREET, DENVER CO 80218
Robert E Wade	director	C/O FRANKLIN RESOURCES INC, ONE FRANKLIN PARKWAY, SAN MATEO CA 94403
Randall P Marx	director, officer: CEO, President & Secretary
Monty R Lamirato	officer: CFO