ImmunoPrecise Antibodies (ImmunoPrecise Antibodies) Inventory Turnover : 1.23 (As of Jan. 2024)

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What is ImmunoPrecise Antibodies 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. ImmunoPrecise Antibodies's Cost of Goods Sold for the three months ended in Jan. 2024 was $2.25 Mil. ImmunoPrecise Antibodies's Average Total Inventories for the quarter that ended in Jan. 2024 was $1.84 Mil. ImmunoPrecise Antibodies's Inventory Turnover for the quarter that ended in Jan. 2024 was 1.23.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. ImmunoPrecise Antibodies's Days Inventory for the three months ended in Jan. 2024 was 74.40.

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. ImmunoPrecise Antibodies's Inventory-to-Revenue for the quarter that ended in Jan. 2024 was 0.40.

ImmunoPrecise Antibodies Inventory Turnover Historical Data

The historical data trend for ImmunoPrecise Antibodies'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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ImmunoPrecise Antibodies Inventory Turnover Chart

ImmunoPrecise Antibodies Annual Data

Trend

Dec13

Dec14

Dec15

Apr17

Apr18

Apr19

Apr20

Apr21

Apr22

Apr23

Inventory Turnover

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9.13

7.26

6.59

5.92

4.81

ImmunoPrecise Antibodies Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Inventory Turnover	Get a 7-Day Free Trial															1.31	1.18	1.37	1.35	1.23

ImmunoPrecise Antibodies Inventory Turnover Calculation

ImmunoPrecise Antibodies's Inventory Turnover for the fiscal year that ended in Apr. 2023 is calculated as

	Inventory Turnover (A: Apr. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Apr. 2023 )	/ (	(Total Inventories (A: Apr. 2022 )	+	Total Inventories (A: Apr. 2023 ))	/	count )
=	6.751	/ (	(1.279	+	1.528)	/	2 )
=	6.751	/	1.4035
=	4.81

ImmunoPrecise Antibodies's Inventory Turnover for the quarter that ended in Jan. 2024 is calculated as

	Inventory Turnover (Q: Jan. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Jan. 2024 )	/ (	(Total Inventories (Q: Oct. 2023 )	+	Total Inventories (Q: Jan. 2024 ))	/	count )
=	2.253	/ (	(1.788	+	1.886)	/	2 )
=	2.253	/	1.837
=	1.23

ImmunoPrecise Antibodies (NAS:IPA) 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.

ImmunoPrecise Antibodies's Days Inventory for the three months ended in Jan. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jan. 2024 )	/	Cost of Goods Sold (Q: Jan. 2024 )	*	Days in Period
	=	1.837	/	2.253	*	365 / 4
	=	74.40

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.

ImmunoPrecise Antibodies's Inventory to Revenue for the quarter that ended in Jan. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jan. 2024 )	/	Revenue (Q: Jan. 2024 )
	=	1.837	/	4.635
	=	0.40

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.

ImmunoPrecise Antibodies Inventory Turnover Related Terms

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ImmunoPrecise Antibodies (ImmunoPrecise Antibodies) Business Description

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GURUFOCUS.COM » STOCK LIST » Healthcare » Biotechnology » ImmunoPrecise Antibodies Ltd (NAS:IPA) » Definitions » Inventory Turnover

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TQB:Germany

Address

3204 - 4464 Markham Street, Victoria, BC, CAN, V8Z 7X8

Website

https://www.immunoprecise.com

ImmunoPrecise Antibodies Ltd is a supplier of custom antibodies to the research industry and industrial community. The company has aggregated its operations into one reportable segment, Antibody Production, and Related Services. It operates in three principal geographical areas - the United States of America, Canada, Europe, and others. The majority of its revenue is derived from Europe.