INND (Innerscope Hearing Technologies) Inventory Turnover: 1.09 (As of Dec. 2020)


What is Innerscope Hearing Technologies Inventory Turnover?

Innerscope Hearing Technologies INND Inventory Turnover is 1.09 as of Dec. 2020.

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. Innerscope Hearing Technologies's Cost of Goods Sold for the three months ended in Dec. 2020 was $0.01 Mil. Innerscope Hearing Technologies's Average Total Inventories for the quarter that ended in Dec. 2020 was $0.01 Mil. Innerscope Hearing Technologies's Inventory Turnover for the quarter that ended in Dec. 2020 was 1.09.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Innerscope Hearing Technologies's Days Inventory for the three months ended in Dec. 2020 was 83.65.

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. Innerscope Hearing Technologies's Inventory-to-Revenue for the quarter that ended in Dec. 2020 was 0.25.

Innerscope Hearing Technologies  (OTCPK:INND) 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.

Innerscope Hearing Technologies's Days Inventory for the three months ended in Dec. 2020 is calculated as:

Days Inventory =Average Total Inventories (Q: Dec. 2020 )/Cost of Goods Sold (Q: Dec. 2020 )*Days in Period
=0.0055/0.006*365 / 4
=83.65

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.

Innerscope Hearing Technologies's Inventory to Revenue for the quarter that ended in Dec. 2020 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Dec. 2020 ) / Revenue (Q: Dec. 2020 )
=0.0055 / 0.022
=0.25

* 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.

Innerscope Hearing Technologies Inventory Turnover Related Terms

Innerscope Hearing Technologies Inventory Turnover Historical Data

* Premium members only.

The historical data trend for Innerscope Hearing Technologies'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.

Innerscope Hearing Technologies Inventory Turnover Chart

Innerscope Hearing Technologies Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20
Inventory Turnover
Get a 7-Day Free Trial 388.50 73.50 3.71 8.95 5.75

Innerscope Hearing Technologies Quarterly Data
Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20
Inventory Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.77 3.63 1.78 1.43 1.09

Innerscope Hearing Technologies Inventory Turnover Calculation

Innerscope Hearing Technologies's Inventory Turnover for the fiscal year that ended in Dec. 2020 is calculated as

Inventory Turnover (A: Dec. 2020 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (A: Dec. 2020 ) / ((Total Inventories (A: Dec. 2019 ) + Total Inventories (A: Dec. 2020 )) / count )
=0.069 / ((0.019 + 0.005) / 2 )
=0.069 / 0.012
=5.75

Innerscope Hearing Technologies's Inventory Turnover for the quarter that ended in Dec. 2020 is calculated as

Inventory Turnover (Q: Dec. 2020 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (Q: Dec. 2020 ) / ((Total Inventories (Q: Sep. 2020 ) + Total Inventories (Q: Dec. 2020 )) / count )
=0.006 / ((0.006 + 0.005) / 2 )
=0.006 / 0.0055
=1.09

* 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.

Frequently Asked Questions Learn more about Inventory Turnover →
What does a Inventory Turnover of 1.09 mean?
Innerscope Hearing Technologies (INND) has a Inventory Turnover of 1.09 as of Dec. 2020. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on Innerscope Hearing Technologies and its competitors.
Is Innerscope Hearing Technologies' Inventory Turnover too high?
Innerscope Hearing Technologies' current Inventory Turnover is 1.09.
How does Innerscope Hearing Technologies' Inventory Turnover compare to NWCN and NCAP?
Innerscope Hearing Technologies' Inventory Turnover of 1.09 can be compared against companies in the Medical Devices & Instruments 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 Medical Devices & Instruments company?
A good Inventory Turnover depends on the Medical Devices & Instruments 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 Innerscope Hearing Technologies and its competitors. Innerscope Hearing Technologies's current Inventory Turnover is 1.09. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Innerscope Hearing Technologies stock overvalued right now?
Innerscope Hearing Technologies (INND) has a current Inventory Turnover of 1.09. The current Inventory Turnover is 1.09. 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 Innerscope Hearing Technologies (INND), the current Inventory Turnover is 1.09 as of Dec. 2020. 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.

Innerscope Hearing Technologies Business Description

Address 2151 Professional Drive, Suite 105, Roseville, CA, USA, 95661
Innerscope Hearing Technologies Inc is a manufacturer and distributor of OTC Hearing Aids, Hearing Aid Accessories & Hearing Health-Related Products (Hearing Products) dedicated to addressing the demand for affordable hearing solutions. The company operates retail hearing device clinics in California. InnerScope is focused on leveraging these strategic assets to identify, incubate, and support health-technology ventures positioned for growth in public markets and long-term shareholder value creation.