Eyelogic Systems (Eyelogic Systems) Inventory Turnover : 0.00 (As of Dec. 2015)

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What is Eyelogic Systems 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. Eyelogic Systems's Cost of Goods Sold for the three months ended in Dec. 2015 was $-0.01 Mil. Eyelogic Systems's Average Total Inventories for the quarter that ended in Dec. 2015 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.

Eyelogic Systems Inventory Turnover Historical Data

The historical data trend for Eyelogic Systems'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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Eyelogic Systems Inventory Turnover Chart

Eyelogic Systems Annual Data

Trend

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Inventory Turnover

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2.70

0.88

0.96

0.58

0.19

Eyelogic Systems Quarterly Data
	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15
Inventory Turnover	Get a 7-Day Free Trial															0.25	0.08	0.03	0.46	-

Eyelogic Systems Inventory Turnover Calculation

Eyelogic Systems's Inventory Turnover for the fiscal year that ended in Dec. 2015 is calculated as

	Inventory Turnover (A: Dec. 2015 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2015 )	/ (	(Total Inventories (A: Dec. 2014 )	+	Total Inventories (A: Dec. 2015 ))	/	count )
=	0.008	/ (	(0.042	+	0)	/	1 )
=	0.008	/	0.042
=	0.19

Eyelogic Systems's Inventory Turnover for the quarter that ended in Dec. 2015 is calculated as

	Inventory Turnover (Q: Dec. 2015 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2015 )	/ (	(Total Inventories (Q: Sep. 2015 )	+	Total Inventories (Q: Dec. 2015 ))	/	count )
=	-0.012	/ (	(0	+	0)	/	1 )
=	-0.012	/	0
=	N/A

Eyelogic Systems (OTCPK:EGICF) 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.

Eyelogic Systems's Days Inventory for the three months ended in Dec. 2015 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2015 )	/	Cost of Goods Sold (Q: Dec. 2015 )	*	Days in Period
	=	0	/	-0.012	*	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.

Eyelogic Systems's Inventory to Revenue for the quarter that ended in Dec. 2015 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2015 )	/	Revenue (Q: Dec. 2015 )
	=	0	/	-0.407
	=

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.

Eyelogic Systems Inventory Turnover Related Terms

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Eyelogic Systems (Eyelogic Systems) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Eyelogic Systems Inc (OTCPK:EGICF) » Definitions » Inventory Turnover

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Traded in Other Exchanges

N/A

Address

Website

http://www.eyelogic.com

Eyelogic Systems Inc has proprietary and patent rights to a software package that allows technicians to perform eyesight testing. The Company also sells and rents computers and ophthalmic equipment that uses the software package.

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