Binovi Technologies (Binovi Technologies) Inventory Turnover : -0.02 (As of Feb. 2022)

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What is Binovi Technologies 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. Binovi Technologies's Cost of Goods Sold for the three months ended in Feb. 2022 was $-0.00 Mil. Binovi Technologies's Average Total Inventories for the quarter that ended in Feb. 2022 was $0.17 Mil. Binovi Technologies's Inventory Turnover for the quarter that ended in Feb. 2022 was -0.02.

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.

Binovi Technologies Inventory Turnover Historical Data

The historical data trend for Binovi 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.

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Binovi Technologies Inventory Turnover Chart

Binovi Technologies Annual Data

Trend

Feb13

Feb14

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Inventory Turnover

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2.06

0.50

0.78

0.20

Binovi Technologies Quarterly Data
	May17	Aug17	Nov17	Feb18	May18	Aug18	Nov18	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22
Inventory Turnover	Get a 7-Day Free Trial															0.08	0.14	0.03	0.07	-0.02

Binovi Technologies Inventory Turnover Calculation

Binovi Technologies's Inventory Turnover for the fiscal year that ended in Feb. 2022 is calculated as

	Inventory Turnover (A: Feb. 2022 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Feb. 2022 )	/ (	(Total Inventories (A: Feb. 2021 )	+	Total Inventories (A: Feb. 2022 ))	/	count )
=	0.042	/ (	(0.21	+	0)	/	1 )
=	0.042	/	0.21
=	0.20

Binovi Technologies's Inventory Turnover for the quarter that ended in Feb. 2022 is calculated as

	Inventory Turnover (Q: Feb. 2022 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Feb. 2022 )	/ (	(Total Inventories (Q: Nov. 2021 )	+	Total Inventories (Q: Feb. 2022 ))	/	count )
=	-0.003	/ (	(0.169	+	0)	/	1 )
=	-0.003	/	0.169
=	-0.02

Binovi Technologies (OTCPK:BNVIF) 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.

Binovi Technologies's Days Inventory for the three months ended in Feb. 2022 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Feb. 2022 )	/	Cost of Goods Sold (Q: Feb. 2022 )	*	Days in Period
	=	0.169	/	-0.003	*	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.

Binovi Technologies's Inventory to Revenue for the quarter that ended in Feb. 2022 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Feb. 2022 )	/	Revenue (Q: Feb. 2022 )
	=	0.169	/	-0.057
	=

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.

Binovi Technologies Inventory Turnover Related Terms

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Binovi Technologies (Binovi Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Binovi Technologies Corp (OTCPK:BNVIF) » Definitions » Inventory Turnover

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Traded in Other Exchanges

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Address

1055 West Georgia Street, Suite 1500, Vancouver, BC, CAN, V6E 4N7

Website

https://www.binovi.com

Binovi Technologies Corp is engaged in the development and commercialization of visual and neuro-cognitive processing products and manufacturing hardware and software for diagnosing and remediating visual perception disorders. The company has three geographical segments; the United States, Canada, and Other. it derives a majority of its revenue from the United States.