ABMT (Advanced BioMedical Technologies) Inventory Turnover: 0.00 (As of Jul. 2021)


What is Advanced BioMedical Technologies Inventory Turnover?

Advanced BioMedical Technologies ABMT Inventory Turnover is 0.00 as of Jul. 2021.

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. Advanced BioMedical Technologies's Cost of Goods Sold for the three months ended in Jul. 2021 was $0.00 Mil. Advanced BioMedical Technologies's Average Total Inventories for the quarter that ended in Jul. 2021 was $0.17 Mil. Advanced BioMedical Technologies's Inventory Turnover for the quarter that ended in Jul. 2021 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.

Advanced BioMedical Technologies  (OTCPK:ABMT) 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.

Advanced BioMedical Technologies's Days Inventory for the three months ended in Jul. 2021 is calculated as:

Days Inventory =Average Total Inventories (Q: Jul. 2021 )/Cost of Goods Sold (Q: Jul. 2021 )*Days in Period
=0.174/0*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.

Advanced BioMedical Technologies's Inventory to Revenue for the quarter that ended in Jul. 2021 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Jul. 2021 ) / Revenue (Q: Jul. 2021 )
=0.174 / 0
=

* 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.

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.

Advanced BioMedical Technologies Inventory Turnover Related Terms

Advanced BioMedical Technologies Inventory Turnover Historical Data

* Premium members only.

The historical data trend for Advanced BioMedical Technologies'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.

Advanced BioMedical Technologies Inventory Turnover Chart

Advanced BioMedical Technologies Annual Data
Trend Oct11 Oct12 Oct13 Oct14 Oct15 Oct16 Oct17 Oct18 Oct19 Oct20
Inventory Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 0.13 0.63

Advanced BioMedical Technologies Quarterly Data
Oct16 Jan17 Apr17 Jul17 Oct17 Jan18 Apr18 Jul18 Oct18 Jan19 Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21
Inventory Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.01 0.20 0.09 0.00 0.00

Advanced BioMedical Technologies Inventory Turnover Calculation

Advanced BioMedical Technologies's Inventory Turnover for the fiscal year that ended in Oct. 2020 is calculated as

Inventory Turnover (A: Oct. 2020 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (A: Oct. 2020 ) / ((Total Inventories (A: Oct. 2019 ) + Total Inventories (A: Oct. 2020 )) / count )
=0.052 / ((0.064 + 0.1) / 2 )
=0.052 / 0.082
=0.63

Advanced BioMedical Technologies's Inventory Turnover for the quarter that ended in Jul. 2021 is calculated as

Inventory Turnover (Q: Jul. 2021 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (Q: Jul. 2021 ) / ((Total Inventories (Q: Apr. 2021 ) + Total Inventories (Q: Jul. 2021 )) / count )
=0 / ((0.159 + 0.189) / 2 )
=0 / 0.174
=0.00

* 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.

Frequently Asked Questions Learn more about Inventory Turnover →
What does a Inventory Turnover of 0.00 mean?
Advanced BioMedical Technologies (ABMT) has a Inventory Turnover of 0.00 as of Jul. 2021. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on Advanced BioMedical Technologies and its competitors.
Is Advanced BioMedical Technologies' Inventory Turnover too high?
Advanced BioMedical Technologies' current Inventory Turnover is 0.00.
How does Advanced BioMedical Technologies' Inventory Turnover compare to VYCO and ADMT?
Advanced BioMedical Technologies' Inventory Turnover of 0.00 can be compared against companies in the Medical Devices & Instruments industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Inventory Turnover for a Medical Devices & Instruments company?
A good Inventory Turnover depends on the Medical Devices & Instruments industry context. However, Inventory Turnover should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Inventory Turnover mean?
A high Inventory Turnover can signal that a stock is expensive relative to its fundamentals. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on Advanced BioMedical Technologies and its competitors. Advanced BioMedical Technologies's current Inventory Turnover is 0.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Advanced BioMedical Technologies stock overvalued right now?
Advanced BioMedical Technologies (ABMT) has a current Inventory Turnover of 0.00. The current Inventory Turnover is 0.00. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Inventory Turnover calculated?
Inventory Turnover is calculated from a company's financial statements. For Advanced BioMedical Technologies (ABMT), the current Inventory Turnover is 0.00 as of Jul. 2021. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Advanced BioMedical Technologies Business Description

Address 535 Fifth Avenue, 4th Floor, New York, NY, USA, 10017
Advanced BioMedical Technologies Inc is engaged in designing, developing, manufacturing, and the planned future marketing of self-reinforced, re-absorbable, biodegradable internal fixation devices. The company manufactures its products using Polyamide, and it is used in a variety of applications, which include orthopaedic trauma, sports-related medical treatment, cartilage injuries, and reconstructive dental procedures. Its Polyamide products include screws, rods, and binding wires consisting of enhanced fibres and high molecular polymers, which are designed to facilitate quick healing of complex fractures in many areas of the human skeletal system.