CardioGenics Holdings (CardioGenics Holdings) Inventory Turnover : 0.00 (As of Jan. 2016)

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What is CardioGenics Holdings 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. CardioGenics Holdings's Cost of Goods Sold for the three months ended in Jan. 2016 was $0.00 Mil. CardioGenics Holdings's Average Total Inventories for the quarter that ended in Jan. 2016 was $0.00 Mil.

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.

CardioGenics Holdings Inventory Turnover Historical Data

The historical data trend for CardioGenics Holdings'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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CardioGenics Holdings Inventory Turnover Chart

CardioGenics Holdings Annual Data

Trend

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Inventory Turnover

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CardioGenics Holdings Quarterly Data
	Apr11	Jul11	Oct11	Jan12	Apr12	Jul12	Oct12	Jan13	Apr13	Jul13	Oct13	Jan14	Apr14	Jul14	Oct14	Jan15	Apr15	Jul15	Oct15	Jan16
Inventory Turnover	Get a 7-Day Free Trial															-	-	-	-	-

CardioGenics Holdings Inventory Turnover Calculation

CardioGenics Holdings's Inventory Turnover for the fiscal year that ended in Oct. 2015 is calculated as

	Inventory Turnover (A: Oct. 2015 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Oct. 2015 )	/ (	(Total Inventories (A: Oct. 2014 )	+	Total Inventories (A: Oct. 2015 ))	/	count )
=	0	/ (	(0	+	0)	/	1 )
=	0	/	0
=	N/A

CardioGenics Holdings's Inventory Turnover for the quarter that ended in Jan. 2016 is calculated as

	Inventory Turnover (Q: Jan. 2016 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Jan. 2016 )	/ (	(Total Inventories (Q: Oct. 2015 )	+	Total Inventories (Q: Jan. 2016 ))	/	count )
=	0	/ (	(0	+	0)	/	1 )
=	0	/	0
=	N/A

CardioGenics Holdings (OTCPK:CGNH) 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.

CardioGenics Holdings's Days Inventory for the three months ended in Jan. 2016 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jan. 2016 )	/	Cost of Goods Sold (Q: Jan. 2016 )	*	Days in Period
	=	0	/	0	*	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.

CardioGenics Holdings's Inventory to Revenue for the quarter that ended in Jan. 2016 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jan. 2016 )	/	Revenue (Q: Jan. 2016 )
	=	0	/	0
	=

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.

CardioGenics Holdings Inventory Turnover Related Terms

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CardioGenics Holdings (CardioGenics Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Diagnostics & Research » CardioGenics Holdings Inc (OTCPK:CGNH) » Definitions » Inventory Turnover

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Traded in Other Exchanges

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Address

6295 Northam Drive, Unit 8, Mississauga, ON, CAN, L4V 1W8

Website

http://www.cardiogenics.com

CardioGenics Holdings Inc is a biotechnology company. It is engaged in the development and commercialization of diagnostic test products for the In-Vitro Diagnostics (IVD) testing market. The company's objective is to create, develop and commercialize superior, innovative, cost-effective and patent-protected products for the IVD based on proprietary technologies. Its products include QL Care Analyzer, Immunoassay Tests, and Paramagnetic Beads. The business activity is primarily carried out through the region of Canada.

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