Aoxing Pharmaceutical Co (Aoxing Pharmaceutical Co) Inventory Turnover : 0.58 (As of Mar. 2017)

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What is Aoxing Pharmaceutical Co 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. Aoxing Pharmaceutical Co's Cost of Goods Sold for the three months ended in Mar. 2017 was $1.28 Mil. Aoxing Pharmaceutical Co's Average Total Inventories for the quarter that ended in Mar. 2017 was $2.23 Mil. Aoxing Pharmaceutical Co's Inventory Turnover for the quarter that ended in Mar. 2017 was 0.58.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Aoxing Pharmaceutical Co's Days Inventory for the three months ended in Mar. 2017 was 158.49.

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. Aoxing Pharmaceutical Co's Inventory-to-Revenue for the quarter that ended in Mar. 2017 was 0.39.

Aoxing Pharmaceutical Co Inventory Turnover Historical Data

The historical data trend for Aoxing Pharmaceutical Co'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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Aoxing Pharmaceutical Co Inventory Turnover Chart

Aoxing Pharmaceutical Co Annual Data

Trend

Jun07

Jun08

Jun09

Jun10

Jun11

Jun12

Jun13

Jun14

Jun15

Jun16

Inventory Turnover

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1.98

2.06

2.88

2.09

2.56

Aoxing Pharmaceutical Co Quarterly Data
	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17
Inventory Turnover	Get a 7-Day Free Trial															0.43	0.81	0.57	0.77	0.58

Aoxing Pharmaceutical Co Inventory Turnover Calculation

Aoxing Pharmaceutical Co's Inventory Turnover for the fiscal year that ended in Jun. 2016 is calculated as

	Inventory Turnover (A: Jun. 2016 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Jun. 2016 )	/ (	(Total Inventories (A: Jun. 2015 )	+	Total Inventories (A: Jun. 2016 ))	/	count )
=	7.776	/ (	(3.24	+	2.842)	/	2 )
=	7.776	/	3.041
=	2.56

Aoxing Pharmaceutical Co's Inventory Turnover for the quarter that ended in Mar. 2017 is calculated as

	Inventory Turnover (Q: Mar. 2017 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2017 )	/ (	(Total Inventories (Q: Dec. 2016 )	+	Total Inventories (Q: Mar. 2017 ))	/	count )
=	1.281	/ (	(2.044	+	2.406)	/	2 )
=	1.281	/	2.225
=	0.58

Aoxing Pharmaceutical Co (OTCPK:AOXG) 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.

Aoxing Pharmaceutical Co's Days Inventory for the three months ended in Mar. 2017 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2017 )	/	Cost of Goods Sold (Q: Mar. 2017 )	*	Days in Period
	=	2.225	/	1.281	*	365 / 4
	=	158.49

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.

Aoxing Pharmaceutical Co's Inventory to Revenue for the quarter that ended in Mar. 2017 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2017 )	/	Revenue (Q: Mar. 2017 )
	=	2.225	/	5.702
	=	0.39

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.

Aoxing Pharmaceutical Co Inventory Turnover Related Terms

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Aoxing Pharmaceutical Co (Aoxing Pharmaceutical Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Aoxing Pharmaceutical Co Inc (OTCPK:AOXG) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

624 Tyvola Road, Suite 103, No. 186, Charlotte, NC, USA, 28217

Website

http://www.aoxingpharma.com

Aoxing Pharmaceutical Co Inc is a specialty pharmaceutical company. The company specializes in research, development, manufacturing, and distribution of a variety of narcotic, pain-management, and addiction treatment pharmaceutical products. Aoxing holds approximately 139 drug production certificates covering narcotic pain-management, exclusive prescription medicines, OTC and API products. It derives all its revenue from the People's Republic of China.

Executives

Wilfred Chow	officer: Chief Financial Officer	30 WEST STREET, 3B, NEW YORK NY 10004
John P Oshea	director	C/O WESTMINSTER SECURITIES CORP, 100 WALL ST, 7TH FLOOR, NEW YORK NY 10005
John Leo	director, officer: Secretary	80 WALL STREET, 5TH FLOOR, NEW YORK NY 10005

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