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. INVO Bioscience's Average Total Inventories for the quarter that ended in Mar. 2024 was $0.27 Mil. INVO Bioscience's Revenue for the
three
months ended in Mar. 2024 was $1.58 Mil.
INVO Bioscience's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.17.
INVO Bioscience's Inventory-to-Revenue for the quarter that ended in Mar. 2024
declined
from Dec. 2023 (0.19) to Dec. 2023 (0.17)
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.
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
INVO Bioscience's Days Inventory for the
three
months ended in Mar. 2024 was 28.50.
Inventory Turnover measures how fast the company turns over its inventory within a year.
INVO Bioscience's Inventory Turnover for the quarter that ended in Mar. 2024 was 3.20.
INVO Bioscience Inventory-to-Revenue Historical Data
The historical data trend for INVO Bioscience'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.
Competitive Comparison of INVO Bioscience's Inventory-to-Revenue
For the Medical Devices subindustry, INVO Bioscience'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.
INVO Bioscience's Inventory-to-Revenue Distribution in the Medical Devices & Instruments Industry
For the Medical Devices & Instruments industry and Healthcare sector, INVO Bioscience's Inventory-to-Revenue distribution charts can be found below:
* The bar in red indicates where INVO Bioscience's Inventory-to-Revenue falls into.
INVO Bioscience Inventory-to-Revenue Calculation
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.
INVO Bioscience's Inventory-to-Revenue for the fiscal year that ended in Dec. 2023 is calculated as
* 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.
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.
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.
INVO Bioscience's Days Inventory for the
three
months ended in Mar. 2024 is calculated as:
* 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.
INVO Bioscience Inventory-to-Revenue Related Terms
Thank you for viewing the detailed overview of INVO Bioscience's Inventory-to-Revenue provided by GuruFocus.com. Please click on the following links to see related term pages.
INVO Bioscience (INVO Bioscience) Business Description
INVO Bioscience Inc operates as a medical device company focused on the Assisted Reproductive Technology (ART) marketplace that is creating simplified, lower-cost treatments for patients diagnosed with infertility. The company has developed the INVOcell device and procedure, the first Intravaginal Culture (IVC) system granted FDA clearance in the United States used for the incubation of eggs and sperm during fertilization and early embryo development. The company sells its products to physicians directly; and IVF centers, medical practices, and physicians through distributors.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
INVO has been successfully added to your 