HYDI (Hydromer) Inventory Turnover: 4.60 (As of Dec. 2022)

What is Hydromer Inventory Turnover?

Hydromer HYDI 12 Inventory Turnover is 4.60 as of Dec. 2022. GuruFocus rates HYDI with a GF Score™ of 12/100.

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. Hydromer's Cost of Goods Sold for the three months ended in Dec. 2022 was $0.69 Mil. Hydromer's Average Total Inventories for the quarter that ended in Dec. 2022 was $0.15 Mil. Hydromer's Inventory Turnover for the quarter that ended in Dec. 2022 was 4.60.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Hydromer's Days Inventory for the three months ended in Dec. 2022 was 19.82.

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. Hydromer's Inventory-to-Revenue for the quarter that ended in Dec. 2022 was 0.18.

Hydromer (OTCPK:HYDI) 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.

Hydromer's Days Inventory for the three months ended in Dec. 2022 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2022 )	/	Cost of Goods Sold (Q: Dec. 2022 )	*	Days in Period
	=	0.149	/	0.686	*	365 / 4
	=	19.82

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.

Hydromer's Inventory to Revenue for the quarter that ended in Dec. 2022 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2022 )	/	Revenue (Q: Dec. 2022 )
	=	0.149	/	0.848
	=	0.18

* 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.

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.

Hydromer Inventory Turnover Related Terms

Hydromer Inventory Turnover Historical Data

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The historical data trend for Hydromer's Inventory Turnover can be seen below:

Hydromer Inventory Turnover Chart

Hydromer Annual Data

Trend

Jun12

Jun13

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Inventory Turnover

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3.27

2.81

6.56

12.50

13.35

Hydromer Quarterly Data
	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22
Inventory Turnover	Get a 7-Day Free Trial															6.30	3.99	2.76	2.21	4.60

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Hydromer Inc HYDI

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Hydromer Inventory Turnover Calculation

Hydromer's Inventory Turnover for the fiscal year that ended in Jun. 2021 is calculated as

	Inventory Turnover (A: Jun. 2021 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Jun. 2021 )	/ (	(Total Inventories (A: Jun. 2020 )	+	Total Inventories (A: Jun. 2021 ))	/	count )
=	2.477	/ (	(0.261	+	0.11)	/	2 )
=	2.477	/	0.1855
=	13.35

Hydromer's Inventory Turnover for the quarter that ended in Dec. 2022 is calculated as

	Inventory Turnover (Q: Dec. 2022 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2022 )	/ (	(Total Inventories (Q: Sep. 2022 )	+	Total Inventories (Q: Dec. 2022 ))	/	count )
=	0.686	/ (	(0.202	+	0.096)	/	2 )
=	0.686	/	0.149
=	4.60

Frequently Asked Questions Learn more about Inventory Turnover →

What does a Inventory Turnover of 4.60 mean?

Hydromer (HYDI) has a Inventory Turnover of 4.60 as of Dec. 2022. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on Hydromer and its competitors.

Is Hydromer's Inventory Turnover too high?

Hydromer's current Inventory Turnover is 4.60. Overall, Hydromer has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.

How does Hydromer's Inventory Turnover compare to ETCK and VYST?

Hydromer's Inventory Turnover of 4.60 can be compared against companies in the Chemicals industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.

What is a good Inventory Turnover for a Chemicals company?

A good Inventory Turnover depends on the Chemicals industry context. However, Inventory Turnover should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.

What does a high Inventory Turnover mean?

A high Inventory Turnover can signal that a stock is expensive relative to its fundamentals. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on Hydromer and its competitors. Hydromer's current Inventory Turnover is 4.60. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Hydromer stock overvalued right now?

Hydromer (HYDI) has a current Inventory Turnover of 4.60. The current Inventory Turnover is 4.60. Hydromer's overall GF Score™ is 12/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

How is Inventory Turnover calculated?

Inventory Turnover is calculated from a company's financial statements. For Hydromer (HYDI), the current Inventory Turnover is 4.60 as of Dec. 2022. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Hydromer Business Description

Industry Basic Materials Chemicals

Comparable Companies ETCK VYST SNES CRKN VNTRF COWI PVNNF CBNT AMRSQ LIN XPAR:AI SHW APD ECL XSWX:SIKA BOM:500820 SHSE:600309 XSWX:GIVN PPG DD

Address 4715 Corporate Drive NW, Suite 200, Concord, NC, USA, 28027

Website https://www.hydromer.com

Hydromer Inc is a polymer research and development company. The company is engaged in the business of inventing, developing, patenting, licensing, manufacturing and selling hydrophilic polymer-based products and services. Its segment includes Industrial and Medical. The company generates maximum revenue from services. Geographically, it derives a majority of revenue from the United States.

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