AHGIF (Alternate Health) Inventory Turnover: 0.67 (As of Sep. 2019)


What is Alternate Health Inventory Turnover?

Alternate Health AHGIF -99.00% Inventory Turnover is 0.67 as of Sep. 2019.

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. Alternate Health's Cost of Goods Sold for the three months ended in Sep. 2019 was $0.65 Mil. Alternate Health's Average Total Inventories for the quarter that ended in Sep. 2019 was $0.97 Mil. Alternate Health's Inventory Turnover for the quarter that ended in Sep. 2019 was 0.67.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Alternate Health's Days Inventory for the three months ended in Sep. 2019 was 136.39.

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. Alternate Health's Inventory-to-Revenue for the quarter that ended in Sep. 2019 was 0.42.

Alternate Health  (OTCPK:AHGIF) 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.

Alternate Health's Days Inventory for the three months ended in Sep. 2019 is calculated as:

Days Inventory =Average Total Inventories (Q: Sep. 2019 )/Cost of Goods Sold (Q: Sep. 2019 )*Days in Period
=0.9745/0.652*365 / 4
=136.39

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.

Alternate Health's Inventory to Revenue for the quarter that ended in Sep. 2019 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Sep. 2019 ) / Revenue (Q: Sep. 2019 )
=0.9745 / 2.345
=0.42

* 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.

Alternate Health Inventory Turnover Related Terms

Alternate Health Inventory Turnover Historical Data

* Premium members only.

The historical data trend for Alternate Health'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.

Alternate Health Inventory Turnover Chart

Alternate Health Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18
Inventory Turnover
0.00 0.00 0.00 0.00 0.00

Alternate Health Quarterly Data
Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19
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 0.00 0.00 0.00 0.50 0.67

Alternate Health Inventory Turnover Calculation

Alternate Health's Inventory Turnover for the fiscal year that ended in Dec. 2018 is calculated as

Inventory Turnover (A: Dec. 2018 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (A: Dec. 2018 ) / ((Total Inventories (A: Dec. 2017 ) + Total Inventories (A: Dec. 2018 )) / count )
=0 / ((0.372 + 0.013) / 2 )
=0 / 0.1925
=0.00

Alternate Health's Inventory Turnover for the quarter that ended in Sep. 2019 is calculated as

Inventory Turnover (Q: Sep. 2019 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (Q: Sep. 2019 ) / ((Total Inventories (Q: Jun. 2019 ) + Total Inventories (Q: Sep. 2019 )) / count )
=0.652 / ((0.93 + 1.019) / 2 )
=0.652 / 0.9745
=0.67

* 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 0.67 mean?
Alternate Health (AHGIF) has a Inventory Turnover of 0.67 as of Sep. 2019. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on Alternate Health and its competitors.
Is Alternate Health's Inventory Turnover too high?
Alternate Health's current Inventory Turnover is 0.67.
How does Alternate Health's Inventory Turnover compare to VEEV and CERN?
Alternate Health's Inventory Turnover of 0.67 can be compared against companies in the Healthcare Providers & Services 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 Healthcare Providers & Services company?
A good Inventory Turnover depends on the Healthcare Providers & Services 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 Alternate Health and its competitors. Alternate Health's current Inventory Turnover is 0.67. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Alternate Health stock overvalued right now?
Alternate Health (AHGIF) has a current Inventory Turnover of 0.67. The current Inventory Turnover is 0.67. 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 Alternate Health (AHGIF), the current Inventory Turnover is 0.67 as of Sep. 2019. 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.

Alternate Health Business Description

Address 7373 Broadway Street, Suite 307, San Antonio, TX, USA, 78209
Alternate Health Corp is a healthcare company. It uses expertise in technology and data analytics to revolutionize patient care and research in the emerging medical cannabis industry. It offers practice management and controlled substance management software, blood analysis and toxicology labs, clinical research, continuing education programs, nutraceutical products, and security and control services to the medical cannabis industry.