JOEY (Joey New York) Inventory Turnover: 0.51 (As of May. 2017)


What is Joey New York Inventory Turnover?

Joey New York JOEY Inventory Turnover is 0.51 as of May. 2017.

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. Joey New York's Cost of Goods Sold for the three months ended in May. 2017 was $0.07 Mil. Joey New York's Average Total Inventories for the quarter that ended in May. 2017 was $0.14 Mil. Joey New York's Inventory Turnover for the quarter that ended in May. 2017 was 0.51.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Joey New York's Days Inventory for the three months ended in May. 2017 was 177.94.

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. Joey New York's Inventory-to-Revenue for the quarter that ended in May. 2017 was 0.96.

Joey New York  (OTCPK:JOEY) 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.

Joey New York's Days Inventory for the three months ended in May. 2017 is calculated as:

Days Inventory =Average Total Inventories (Q: May. 2017 )/Cost of Goods Sold (Q: May. 2017 )*Days in Period
=0.1365/0.07*365 / 4
=177.94

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.

Joey New York's Inventory to Revenue for the quarter that ended in May. 2017 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: May. 2017 ) / Revenue (Q: May. 2017 )
=0.1365 / 0.142
=0.96

* 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.

Joey New York Inventory Turnover Related Terms

Joey New York Inventory Turnover Historical Data

* Premium members only.

The historical data trend for Joey New York'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.

Joey New York Inventory Turnover Chart

Joey New York Annual Data
Trend Feb12 Feb13 Feb14 Feb15 Feb16 Feb17
Inventory Turnover
Get a 7-Day Free Trial 0.00 0.00 3.39 1.24 1.44

Joey New York Quarterly Data
Aug12 Nov12 Feb13 May13 Aug13 Nov13 Feb14 May14 Aug14 Nov14 Feb15 May15 Aug15 Nov15 Feb16 May16 Aug16 Nov16 Feb17 May17
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 0.00 0.03 0.57 0.57 0.51

Joey New York Inventory Turnover Calculation

Joey New York's Inventory Turnover for the fiscal year that ended in Feb. 2017 is calculated as

Inventory Turnover (A: Feb. 2017 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (A: Feb. 2017 ) / ((Total Inventories (A: Feb. 2016 ) + Total Inventories (A: Feb. 2017 )) / count )
=0.166 / ((0.043 + 0.187) / 2 )
=0.166 / 0.115
=1.44

Joey New York's Inventory Turnover for the quarter that ended in May. 2017 is calculated as

Inventory Turnover (Q: May. 2017 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (Q: May. 2017 ) / ((Total Inventories (Q: Feb. 2017 ) + Total Inventories (Q: May. 2017 )) / count )
=0.07 / ((0.187 + 0.086) / 2 )
=0.07 / 0.1365
=0.51

* 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 0.51 mean?
Joey New York (JOEY) has a Inventory Turnover of 0.51 as of May. 2017. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on Joey New York and its competitors.
Is Joey New York's Inventory Turnover too high?
Joey New York's current Inventory Turnover is 0.51.
How does Joey New York's Inventory Turnover compare to DEVV and SKVI?
Joey New York's Inventory Turnover of 0.51 can be compared against companies in the Consumer Packaged Goods 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 Consumer Packaged Goods company?
A good Inventory Turnover depends on the Consumer Packaged Goods 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 Joey New York and its competitors. Joey New York's current Inventory Turnover is 0.51. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Joey New York stock overvalued right now?
Joey New York (JOEY) has a current Inventory Turnover of 0.51. The current Inventory Turnover is 0.51. 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 Joey New York (JOEY), the current Inventory Turnover is 0.51 as of May. 2017. 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.

Joey New York Business Description

Address 16001 Collins Avenue Number 3202, Trump Tower I, Sunny Isles Beach, FL, USA, 33160
Joey New York Inc through its wholly-owned subsidiary distributes natural skincare and beauty products on wholesale and retail levels. It offers skincare treatments and beauty enhancements that are health conscious, effective and affordable under the Joey New York brand name. Geographically, it operates through the United States and its business is amplifying internationally due to the Increasing demand for organic and natural cosmetic products.