Innerscope Hearing Technologies (Innerscope Hearing Technologies) Inventory-to-Revenue : 0.25 (As of Dec. 2020)

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What is Innerscope Hearing Technologies Inventory-to-Revenue?

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. Innerscope Hearing Technologies's Average Total Inventories for the quarter that ended in Dec. 2020 was $0.01 Mil. Innerscope Hearing Technologies's Revenue for the three months ended in Dec. 2020 was $0.02 Mil. Innerscope Hearing Technologies's Inventory-to-Revenue for the quarter that ended in Dec. 2020 was 0.25.

Innerscope Hearing Technologies's Inventory-to-Revenue for the quarter that ended in Dec. 2020 increased from Sep. 2020 (0.07) to Sep. 2020 (0.25)

An increase in Inventory-to-Revenue from one quarter to the next indicates that one of the following is happening:

1. investment in inventory is growing more rapidly than revenue
2. revenue are dropping
No matter which situation is causing the problem, an increase in the Inventory-to-Revenue may signal an oncoming cash flow problem.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Innerscope Hearing Technologies's Days Inventory for the three months ended in Dec. 2020 was 83.65.

Inventory Turnover measures how fast the company turns over its inventory within a year. Innerscope Hearing Technologies's Inventory Turnover for the quarter that ended in Dec. 2020 was 1.09.

Innerscope Hearing Technologies Inventory-to-Revenue Historical Data

The historical data trend for Innerscope Hearing Technologies's Inventory-to-Revenue 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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Innerscope Hearing Technologies Inventory-to-Revenue Chart

Innerscope Hearing Technologies Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Inventory-to-Revenue

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0.01

0.15

0.07

Innerscope Hearing Technologies Quarterly Data
	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20
Inventory-to-Revenue	Get a 7-Day Free Trial															0.40	0.17	0.28	0.07	0.25

Competitive Comparison of Innerscope Hearing Technologies's Inventory-to-Revenue

For the Medical Instruments & Supplies subindustry, Innerscope Hearing Technologies's Inventory-to-Revenue, along with its competitors' market caps and Inventory-to-Revenue data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Innerscope Hearing Technologies's Inventory-to-Revenue Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Innerscope Hearing Technologies's Inventory-to-Revenue distribution charts can be found below:

* The bar in red indicates where Innerscope Hearing Technologies's Inventory-to-Revenue falls into.

Innerscope Hearing Technologies Inventory-to-Revenue Calculation

Innerscope Hearing Technologies's Inventory-to-Revenue for the fiscal year that ended in Dec. 2020 is calculated as

	Inventory-to-Revenue (A: Dec. 2020 )
=	Average Total Inventories					/	Revenue
=	( (Total Inventories (A: Dec. 2019 )	+	Total Inventories (A: Dec. 2020 ))	/	count )	/	Revenue (A: Dec. 2020 )
=	( (0.019	+	0.005)	/	2 )	/	0.166
=	0.012					/	0.166
=	0.07

Innerscope Hearing Technologies's Inventory-to-Revenue for the quarter that ended in Dec. 2020 is calculated as

	Inventory-to-Revenue (Q: Dec. 2020 )
=	Average Total Inventories					/	Revenue
=	( (Total Inventories (Q: Sep. 2020 )	+	Total Inventories (Q: Dec. 2020 ))	/	count )	/	Revenue (Q: Dec. 2020 )
=	( (0.006	+	0.005)	/	2 )	/	0.022
=	0.0055					/	0.022
=	0.25

Innerscope Hearing Technologies (OTCPK:INND) Inventory-to-Revenue Explanation

An increase in Inventory-to-Revenue from one quarter to the next indicates that one of the following is happening:

Likewise, a decrease in the Inventory-to-Revenue from one quarter to next indicates that one of these is occurring:

1. investment in inventory is shrinking in relation to revenue
2. revenue are increasing
No matter which situation is causing the reduction in the Inventory-to-Revenue, either one suggests that business's inventory levels and its cash flow are effectively managed.

More Related Terms:

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

Innerscope Hearing Technologies's Days Inventory for the three months ended in Dec. 2020 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2020 )	/	Cost of Goods Sold (Q: Dec. 2020 )	*	Days in Period
	=	0.0055	/	0.006	*	365 / 4
	=	83.65

2. Inventory Turnover measures how fast the company turns over its inventory within a year.

Innerscope Hearing Technologies's Inventory Turnover for the quarter that ended in Dec. 2020 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Dec. 2020 )	/	Average Total Inventories (Q: Dec. 2020 )
	=	0.006	/	0.0055
	=	1.09

Innerscope Hearing Technologies Inventory-to-Revenue Related Terms

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Innerscope Hearing Technologies (Innerscope Hearing Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Innerscope Hearing Technologies Inc (OTCPK:INND) » Definitions » Inventory-to-Revenue

Comparable Companies

Traded in Other Exchanges

N/A

Address

2151 Professional Drive, Second Floor, Roseville, CA, USA, 95661

Website

https://www.innd.com

Innerscope Hearing Technologies Inc is a manufacturer and a DTC distributor/retailer of FDA-registered hearing aids, personal sound amplifier products, hearing-related treatment therapies, doctor-formulated dietary hearing supplements, and proprietary CDB oil for treating tinnitus. It also owns and operates audiological and retail hearing device clinics and plans to continue to open and acquire additional clinics. The company operates retail hearing device clinics in California.