Hemagen Diagnostics (Hemagen Diagnostics) Inventory Turnover : 0.35 (As of Sep. 2012)

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What is Hemagen Diagnostics 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. Hemagen Diagnostics's Cost of Goods Sold for the three months ended in Sep. 2012 was $0.47 Mil. Hemagen Diagnostics's Average Total Inventories for the quarter that ended in Sep. 2012 was $1.37 Mil. Hemagen Diagnostics's Inventory Turnover for the quarter that ended in Sep. 2012 was 0.35.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Hemagen Diagnostics's Days Inventory for the three months ended in Sep. 2012 was 262.78.

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. Hemagen Diagnostics's Inventory-to-Revenue for the quarter that ended in Sep. 2012 was 1.56.

Hemagen Diagnostics Inventory Turnover Historical Data

The historical data trend for Hemagen Diagnostics'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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Hemagen Diagnostics Inventory Turnover Chart

Hemagen Diagnostics Annual Data

Trend

Sep03

Sep04

Sep05

Sep06

Sep07

Sep08

Sep09

Sep10

Sep11

Sep12

Inventory Turnover

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1.57

1.79

1.85

2.23

1.72

Hemagen Diagnostics Quarterly Data
	Dec07	Mar08	Jun08	Sep08	Dec08	Mar09	Jun09	Sep09	Dec09	Mar10	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12
Inventory Turnover	Get a 7-Day Free Trial															0.46	0.46	0.52	0.36	0.35

Hemagen Diagnostics Inventory Turnover Calculation

Hemagen Diagnostics's Inventory Turnover for the fiscal year that ended in Sep. 2012 is calculated as

	Inventory Turnover (A: Sep. 2012 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Sep. 2012 )	/ (	(Total Inventories (A: Sep. 2011 )	+	Total Inventories (A: Sep. 2012 ))	/	count )
=	2.429	/ (	(1.461	+	1.363)	/	2 )
=	2.429	/	1.412
=	1.72

Hemagen Diagnostics's Inventory Turnover for the quarter that ended in Sep. 2012 is calculated as

	Inventory Turnover (Q: Sep. 2012 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Sep. 2012 )	/ (	(Total Inventories (Q: Jun. 2012 )	+	Total Inventories (Q: Sep. 2012 ))	/	count )
=	0.474	/ (	(1.367	+	1.363)	/	2 )
=	0.474	/	1.365
=	0.35

Hemagen Diagnostics (OTCPK:HMGN) 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.

Hemagen Diagnostics's Days Inventory for the three months ended in Sep. 2012 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2012 )	/	Cost of Goods Sold (Q: Sep. 2012 )	*	Days in Period
	=	1.365	/	0.474	*	365 / 4
	=	262.78

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.

Hemagen Diagnostics's Inventory to Revenue for the quarter that ended in Sep. 2012 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2012 )	/	Revenue (Q: Sep. 2012 )
	=	1.365	/	0.876
	=	1.56

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.

Hemagen Diagnostics Inventory Turnover Related Terms

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Hemagen Diagnostics (Hemagen Diagnostics) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Biotechnology » Hemagen Diagnostics Inc (OTCPK:HMGN) » Definitions » Inventory Turnover

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Traded in Other Exchanges

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Address

9033 Red Branch Road, Columbia, MD, USA, 21045

Website

http://www.hemagen.com

Hemagen Diagnostics Inc is a biotechnology company. It develops, manufactures and markets Food and Drug Administration cleared proprietary medical diagnostic test kits and components. The company's Virgo line of Immunoassays are used to aid in the diagnosis of autoimmune and infectious diseases and acute-phase proteins. The assays utilize multiple technologies including ELISA, immunofluorescence (IFA) and hemagglutination (HA). Its products include ANA Screen ELISA 96 Test System, Rubella IgG ELISA 96 Test System, AMA IFA 48 Test System and others.

Executives

Howard F Curd

director

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