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Probiotix Health (AQSE:PBX) Inventory Turnover : 4.80 (As of Jun. 2023)


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What is Probiotix Health 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. Probiotix Health's Cost of Goods Sold for the six months ended in Jun. 2023 was £0.29 Mil. Probiotix Health's Average Total Inventories for the quarter that ended in Jun. 2023 was £0.06 Mil. Probiotix Health's Inventory Turnover for the quarter that ended in Jun. 2023 was 4.80.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Probiotix Health's Days Inventory for the six months ended in Jun. 2023 was 38.02.

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. Probiotix Health's Inventory-to-Revenue for the quarter that ended in Jun. 2023 was 0.11.

Probiotix Health Inventory Turnover Historical Data

The historical data trend for Probiotix 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.

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Probiotix Health Inventory Turnover Chart

Probiotix Health Annual Data
Trend Dec18 Dec19 Dec20 Dec22
Inventory Turnover
- - - -

Probiotix Health Semi-Annual Data
Dec18 Dec19 Jun20 Dec20 Jun21 Jun22 Dec22 Jun23
Inventory Turnover Get a 7-Day Free Trial - - 24.67 - 4.80

Probiotix Health Inventory Turnover Calculation

Probiotix Health's Inventory Turnover for the fiscal year that ended in Dec. 2022 is calculated as

Inventory Turnover (A: Dec. 2022 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (A: Dec. 2022 ) / ((Total Inventories (A: Dec. 2020 ) + Total Inventories (A: Dec. 2022 )) / count )
=0 / ((0 + 0.043) / 1 )
=0 / 0.043
=0.00

Probiotix Health's Inventory Turnover for the quarter that ended in Jun. 2023 is calculated as

Inventory Turnover (Q: Jun. 2023 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (Q: Jun. 2023 ) / ((Total Inventories (Q: Dec. 2022 ) + Total Inventories (Q: Jun. 2023 )) / count )
=0.288 / ((0.043 + 0.077) / 2 )
=0.288 / 0.06
=4.80

* 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.

Probiotix Health  (AQSE:PBX) 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.

Probiotix Health's Days Inventory for the six months ended in Jun. 2023 is calculated as:

Days Inventory =Average Total Inventories (Q: Jun. 2023 )/Cost of Goods Sold (Q: Jun. 2023 )*Days in Period
=0.06/0.288*365 / 2
=38.02

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.

Probiotix Health's Inventory to Revenue for the quarter that ended in Jun. 2023 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Jun. 2023 ) / Revenue (Q: Jun. 2023 )
=0.06 / 0.552
=0.11

* 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.

Probiotix Health Inventory Turnover Related Terms

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Probiotix Health (AQSE:PBX) Business Description

Industry
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Traded in Other Exchanges
X90:Germany
Address
Nostell Business Estate, First Floor Zucchi Suite, Wakefield, GBR, WF4 1AB
Website
https://www.probiotixhealth-ir.com
Probiotix Health PLC develops probiotics to tackle cardiovascular disease and other lifestyle conditions which are affecting growing numbers of people across the world. The Company has one class of business, in three geographical areas being that of identifying and developing microbial strains, compounds and formulations for use in the nutraceutical industry.

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