Evome Medical Technologies (Evome Medical Technologies) Inventory Turnover : 0.91 (As of Dec. 2023)

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What is Evome Medical Technologies 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. Evome Medical Technologies's Cost of Goods Sold for the three months ended in Dec. 2023 was $7.59 Mil. Evome Medical Technologies's Average Total Inventories for the quarter that ended in Dec. 2023 was $8.30 Mil. Evome Medical Technologies's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.91.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Evome Medical Technologies's Days Inventory for the three months ended in Dec. 2023 was 99.77.

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. Evome Medical Technologies's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.71.

Evome Medical Technologies Inventory Turnover Historical Data

The historical data trend for Evome Medical 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.

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Evome Medical Technologies Inventory Turnover Chart

Evome Medical Technologies Annual Data

Trend

Dec14

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Dec23

Inventory Turnover

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2.49

5.18

Evome Medical Technologies Quarterly Data
	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Mar23	Jun23	Sep23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															0.84	0.85	1.10	0.96	0.91

Evome Medical Technologies Inventory Turnover Calculation

Evome Medical Technologies's Inventory Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Inventory Turnover (A: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2023 )	/ (	(Total Inventories (A: Feb. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )
=	29.885	/ (	(3.909	+	7.635)	/	2 )
=	29.885	/	5.772
=	5.18

Evome Medical Technologies's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

	Inventory Turnover (Q: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2023 )	/ (	(Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	7.592	/ (	(8.966	+	7.635)	/	2 )
=	7.592	/	8.3005
=	0.91

Evome Medical Technologies (OTCPK:LNDZF) 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.

Evome Medical Technologies's Days Inventory for the three months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	8.3005	/	7.592	*	365 / 4
	=	99.77

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.

Evome Medical Technologies's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	8.3005	/	11.719
	=	0.71

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.

Evome Medical Technologies Inventory Turnover Related Terms

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