Corix Bioscience (Corix Bioscience) Inventory Turnover : 0.00 (As of Sep. 2017)

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What is Corix Bioscience 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. Corix Bioscience's Cost of Goods Sold for the three months ended in Sep. 2017 was $0.00 Mil. Corix Bioscience's Average Total Inventories for the quarter that ended in Sep. 2017 was $0.05 Mil. Corix Bioscience's Inventory Turnover for the quarter that ended in Sep. 2017 was 0.00.

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.

Corix Bioscience Inventory Turnover Historical Data

The historical data trend for Corix Bioscience'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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Corix Bioscience Inventory Turnover Chart

Corix Bioscience Annual Data

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Inventory Turnover

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Corix Bioscience Quarterly Data
	Oct12	Jan13	Apr13	Jul13	Oct13	Jan14	Apr14	Jul14	Oct14	Jan15	Apr15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17
Inventory Turnover	Get a 7-Day Free Trial															-	-	-	-	-

Corix Bioscience Inventory Turnover Calculation

Corix Bioscience's Inventory Turnover for the fiscal year that ended in Dec. 2016 is calculated as

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

Corix Bioscience's Inventory Turnover for the quarter that ended in Sep. 2017 is calculated as

	Inventory Turnover (Q: Sep. 2017 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Sep. 2017 )	/ (	(Total Inventories (Q: Jun. 2017 )	+	Total Inventories (Q: Sep. 2017 ))	/	count )
=	0	/ (	(0	+	0.045)	/	1 )
=	0	/	0.045
=	0.00

Corix Bioscience (GREY:CXBS) 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.

Corix Bioscience's Days Inventory for the three months ended in Sep. 2017 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2017 )	/	Cost of Goods Sold (Q: Sep. 2017 )	*	Days in Period
	=	0.045	/	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.

Corix Bioscience's Inventory to Revenue for the quarter that ended in Sep. 2017 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2017 )	/	Revenue (Q: Sep. 2017 )
	=	0.045	/	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.

Corix Bioscience Inventory Turnover Related Terms

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Corix Bioscience (Corix Bioscience) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Corix Bioscience Inc (GREY:CXBS) » Definitions » Inventory Turnover

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Address

18662 MaCaurther Boulevard, Suite 200, Irvine, CA, USA, 85085

Website

http://www.corixbioscience.com

Corix Bioscience Inc is a United States-based research and development firm of cannabidiol (CBD) products and treatments. It is engaged in the business of producing organic CBD oil used for medical applications and treatments. In addition, the group is also focused on the production of tetrahydrocannabivarin oil. The company is focused on operations in Oregon, California, and Nevada, United States.

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