iFIT Health & Fitness (iFIT Health & Fitness) Inventory Turnover : 0.00 (As of May. 2020)

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What is iFIT Health & Fitness 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. iFIT Health & Fitness's Cost of Goods Sold for the three months ended in May. 2020 was $0 Mil. iFIT Health & Fitness's Average Total Inventories for the quarter that ended in May. 2020 was $82 Mil. iFIT Health & Fitness's Inventory Turnover for the quarter that ended in May. 2020 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.

iFIT Health & Fitness Inventory Turnover Historical Data

The historical data trend for iFIT Health & Fitness'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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iFIT Health & Fitness Inventory Turnover Chart

iFIT Health & Fitness Annual Data

Trend

May19

May20

May21

Inventory Turnover

6.41

4.20

iFIT Health & Fitness Quarterly Data
	May19	May20	May21
Inventory Turnover	-	-	-

iFIT Health & Fitness Inventory Turnover Calculation

iFIT Health & Fitness's Inventory Turnover for the fiscal year that ended in May. 2021 is calculated as

	Inventory Turnover (A: May. 2021 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: May. 2021 )	/ (	(Total Inventories (A: May. 2020 )	+	Total Inventories (A: May. 2021 ))	/	count )
=	1018.853	/ (	(81.581	+	403.437)	/	2 )
=	1018.853	/	242.509
=	4.20

iFIT Health & Fitness's Inventory Turnover for the quarter that ended in May. 2020 is calculated as

	Inventory Turnover (Q: May. 2020 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: May. 2020 )	/ (	(Total Inventories (Q: May. 2019 )	+	Total Inventories (Q: May. 2020 ))	/	count )
=	0	/ (	(0	+	81.581)	/	1 )
=	0	/	81.581
=	0.00

iFIT Health & Fitness (NAS:IFIT) 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.

iFIT Health & Fitness's Days Inventory for the three months ended in May. 2020 is calculated as:

Days Inventory	=	Average Total Inventories (Q: May. 2020 )	/	Cost of Goods Sold (Q: May. 2020 )	*	Days in Period
	=	81.581	/	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.

iFIT Health & Fitness's Inventory to Revenue for the quarter that ended in May. 2020 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: May. 2020 )	/	Revenue (Q: May. 2020 )
	=	81.581	/	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.

iFIT Health & Fitness Inventory Turnover Related Terms

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iFIT Health & Fitness (iFIT Health & Fitness) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » iFIT Health & Fitness Inc (NAS:IFIT) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

1500 South 1000 West, Logan, UT, USA, 84321

Website

https://www.ifit.com

iFIT Health & Fitness Inc is a health and fitness subscription technology company. It is an integrated health and fitness platform, designed to connect proprietary software, experiential content, and interactive hardware to deliver an unmatched connected fitness experience. It has two segments. The Interactive Fitness Products segment, which is the key revenue driver, derives revenue from the sale of the treadmills, bikes, ellipticals, rowers, climbers, strength equipment, fitness mirrors, yoga equipment, and accessories. The Subscription segment derives revenue from iFIT subscriptions and the sale of extended warranties on the fitness equipment.