LCDX (Caliber Imaging & Diagnostics) Inventory Turnover: 0.83 (As of Mar. 2014)


What is Caliber Imaging & Diagnostics Inventory Turnover?

Caliber Imaging & Diagnostics LCDX Inventory Turnover is 0.83 as of Mar. 2014.

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. Caliber Imaging & Diagnostics's Cost of Goods Sold for the three months ended in Mar. 2014 was $0.72 Mil. Caliber Imaging & Diagnostics's Average Total Inventories for the quarter that ended in Mar. 2014 was $0.86 Mil. Caliber Imaging & Diagnostics's Inventory Turnover for the quarter that ended in Mar. 2014 was 0.83.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Caliber Imaging & Diagnostics's Days Inventory for the three months ended in Mar. 2014 was 109.28.

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. Caliber Imaging & Diagnostics's Inventory-to-Revenue for the quarter that ended in Mar. 2014 was 1.00.

Caliber Imaging & Diagnostics  (OTCPK:LCDX) 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.

Caliber Imaging & Diagnostics's Days Inventory for the three months ended in Mar. 2014 is calculated as:

Days Inventory =Average Total Inventories (Q: Mar. 2014 )/Cost of Goods Sold (Q: Mar. 2014 )*Days in Period
=0.8575/0.716*365 / 4
=109.28

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.

Caliber Imaging & Diagnostics's Inventory to Revenue for the quarter that ended in Mar. 2014 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Mar. 2014 ) / Revenue (Q: Mar. 2014 )
=0.8575 / 0.858
=1.00

* 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.

Caliber Imaging & Diagnostics Inventory Turnover Related Terms

Caliber Imaging & Diagnostics Inventory Turnover Historical Data

* Premium members only.

The historical data trend for Caliber Imaging & Diagnostics'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.

Caliber Imaging & Diagnostics Inventory Turnover Chart

Caliber Imaging & Diagnostics Annual Data
Trend Dec09 Dec10 Dec11 Dec12 Dec13
Inventory Turnover
3.20 3.31 3.48 2.90 3.29

Caliber Imaging & Diagnostics Quarterly Data
Dec09 Mar10 Jun10 Sep10 Dec10 Mar11 Jun11 Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14
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 0.89 0.85 0.95 1.13 0.83

Caliber Imaging & Diagnostics Inventory Turnover Calculation

Caliber Imaging & Diagnostics's Inventory Turnover for the fiscal year that ended in Dec. 2013 is calculated as

Inventory Turnover (A: Dec. 2013 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (A: Dec. 2013 ) / ((Total Inventories (A: Dec. 2012 ) + Total Inventories (A: Dec. 2013 )) / count )
=2.687 / ((0.926 + 0.709) / 2 )
=2.687 / 0.8175
=3.29

Caliber Imaging & Diagnostics's Inventory Turnover for the quarter that ended in Mar. 2014 is calculated as

Inventory Turnover (Q: Mar. 2014 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (Q: Mar. 2014 ) / ((Total Inventories (Q: Dec. 2013 ) + Total Inventories (Q: Mar. 2014 )) / count )
=0.716 / ((0.709 + 1.006) / 2 )
=0.716 / 0.8575
=0.83

* 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 0.83 mean?
Caliber Imaging & Diagnostics (LCDX) has a Inventory Turnover of 0.83 as of Mar. 2014. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on Caliber Imaging & Diagnostics and its competitors.
Is Caliber Imaging & Diagnostics' Inventory Turnover too high?
Caliber Imaging & Diagnostics' current Inventory Turnover is 0.83.
How does Caliber Imaging & Diagnostics' Inventory Turnover compare to VICA and CRVW?
Caliber Imaging & Diagnostics' Inventory Turnover of 0.83 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 Caliber Imaging & Diagnostics and its competitors. Caliber Imaging & Diagnostics's current Inventory Turnover is 0.83. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Caliber Imaging & Diagnostics stock overvalued right now?
Caliber Imaging & Diagnostics (LCDX) has a current Inventory Turnover of 0.83. The current Inventory Turnover is 0.83. 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 Caliber Imaging & Diagnostics (LCDX), the current Inventory Turnover is 0.83 as of Mar. 2014. 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.

Caliber Imaging & Diagnostics Business Description

Address 50 Methodist Hill Drive, Suite 1000, Rochester, NY, USA, 14623
Caliber Imaging & Diagnostics Inc is a medical device company engaged in developing, manufacturing, marketing & selling point-of-care cellular imaging systems to diagnose skin cancer. It offers clinical imaging and research imaging solutions that shows tissue at the cellular level. Its products portfolio includes; VivaScope; VivaScope 3000, 1500 & 2500; and VivaNet and VivaScan.