Biolife Sciences (Biolife Sciences) Inventory Turnover : 0.00 (As of May. 2008)

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What is Biolife Sciences 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. Biolife Sciences's Cost of Goods Sold for the three months ended in May. 2008 was $1.44 Mil. Biolife Sciences's Average Total Inventories for the quarter that ended in May. 2008 was $0.00 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Biolife Sciences's Days Inventory for the three months ended in May. 2008 was 0.00.

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. Biolife Sciences's Inventory-to-Revenue for the quarter that ended in May. 2008 was 0.00.

Biolife Sciences Inventory Turnover Historical Data

The historical data trend for Biolife Sciences'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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Biolife Sciences Inventory Turnover Chart

Biolife Sciences Annual Data

Trend

Nov04

Nov05

Nov06

Nov07

Inventory Turnover

Biolife Sciences Quarterly Data
	Nov04	Feb05	May05	Aug05	Nov05	Feb06	May06	Aug06	Nov06	Feb07	May07	Aug07	Nov07	Feb08	May08
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Biolife Sciences Inventory Turnover Calculation

Biolife Sciences's Inventory Turnover for the fiscal year that ended in Nov. 2007 is calculated as

	Inventory Turnover (A: Nov. 2007 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Nov. 2007 )	/ (	(Total Inventories (A: Nov. 2006 )	+	Total Inventories (A: Nov. 2007 ))	/	count )
=	7.037	/ (	(0	+	0)	/	1 )
=	7.037	/	0
=	N/A

Biolife Sciences's Inventory Turnover for the quarter that ended in May. 2008 is calculated as

	Inventory Turnover (Q: May. 2008 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: May. 2008 )	/ (	(Total Inventories (Q: Feb. 2008 )	+	Total Inventories (Q: May. 2008 ))	/	count )
=	1.442	/ (	(0	+	0)	/	1 )
=	1.442	/	0
=	N/A

Biolife Sciences (OTCPK:BLFE) 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.

Biolife Sciences's Days Inventory for the three months ended in May. 2008 is calculated as:

Days Inventory	=	Average Total Inventories (Q: May. 2008 )	/	Cost of Goods Sold (Q: May. 2008 )	*	Days in Period
	=	0	/	1.442	*	365 / 4
	=	0.00

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.

Biolife Sciences's Inventory to Revenue for the quarter that ended in May. 2008 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: May. 2008 )	/	Revenue (Q: May. 2008 )
	=	0	/	1.798
	=	0.00

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.

Biolife Sciences Inventory Turnover Related Terms

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Biolife Sciences (Biolife Sciences) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Biolife Sciences Inc (OTCPK:BLFE) » Definitions » Inventory Turnover

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Traded in Other Exchanges

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Address

2831 Street Rose Parkway, No. 200, Henderson, NV, USA, 89052

Website

https://www.biolifesciences.com

Biolife Sciences Inc is a commercialization accelerator, licensor and developer of innovative and disruptive technologies for the healthcare, beauty and food and beverage industry sectors. The company's technologies include antimicrobial copper air filters and copper-infused textiles. Its revenues are primarily generated from the sale of sanitation products.

Executives

Arthur Viola

director, 10 percent owner, officer: CEO

Biolife Sciences (Biolife Sciences) Headlines

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