Lexagene Holdings (Lexagene Holdings) Inventory Turnover : 0.13 (As of Nov. 2022)

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What is Lexagene Holdings 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. Lexagene Holdings's Cost of Goods Sold for the three months ended in Nov. 2022 was $0.19 Mil. Lexagene Holdings's Average Total Inventories for the quarter that ended in Nov. 2022 was $1.47 Mil. Lexagene Holdings's Inventory Turnover for the quarter that ended in Nov. 2022 was 0.13.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Lexagene Holdings's Days Inventory for the three months ended in Nov. 2022 was 705.27.

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. Lexagene Holdings's Inventory-to-Revenue for the quarter that ended in Nov. 2022 was 34.15.

Lexagene Holdings Inventory Turnover Historical Data

The historical data trend for Lexagene Holdings'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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Lexagene Holdings Inventory Turnover Chart

Lexagene Holdings Annual Data

Trend

Mar13

Mar14

Mar15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Inventory Turnover

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0.15

0.44

Lexagene Holdings Quarterly Data
	Feb18	May18	Aug18	Nov18	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22
Inventory Turnover	Get a 7-Day Free Trial															0.10	0.12	0.11	0.17	0.13

Lexagene Holdings Inventory Turnover Calculation

Lexagene Holdings's Inventory Turnover for the fiscal year that ended in Feb. 2022 is calculated as

	Inventory Turnover (A: Feb. 2022 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Feb. 2022 )	/ (	(Total Inventories (A: Feb. 2021 )	+	Total Inventories (A: Feb. 2022 ))	/	count )
=	0.543	/ (	(1.066	+	1.396)	/	2 )
=	0.543	/	1.231
=	0.44

Lexagene Holdings's Inventory Turnover for the quarter that ended in Nov. 2022 is calculated as

	Inventory Turnover (Q: Nov. 2022 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Nov. 2022 )	/ (	(Total Inventories (Q: Aug. 2022 )	+	Total Inventories (Q: Nov. 2022 ))	/	count )
=	0.19	/ (	(1.492	+	1.445)	/	2 )
=	0.19	/	1.4685
=	0.13

Lexagene Holdings (OTCPK:LXXGQ) 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.

Lexagene Holdings's Days Inventory for the three months ended in Nov. 2022 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Nov. 2022 )	/	Cost of Goods Sold (Q: Nov. 2022 )	*	Days in Period
	=	1.4685	/	0.19	*	365 / 4
	=	705.27

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.

Lexagene Holdings's Inventory to Revenue for the quarter that ended in Nov. 2022 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Nov. 2022 )	/	Revenue (Q: Nov. 2022 )
	=	1.4685	/	0.043
	=	34.15

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.

Lexagene Holdings Inventory Turnover Related Terms

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Lexagene Holdings (Lexagene Holdings) Business Description

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GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Lexagene Holdings Inc (OTCPK:LXXGQ) » Definitions » Inventory Turnover

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Address

500 Cummings Center, Suite 4550, Beverly, MA, USA, 01915

Website

https://www.lexagene.com

Lexagene Holdings Inc is a molecular diagnostics company that develops molecular diagnostic systems for pathogen detection and genetic testing for other molecular markers for on-site rapid testing in veterinary diagnostics, and for use in open-access markets such as food and water safety, clinical research, agricultural testing and biodefense. The MiQLab system delivers sensitivity, specificity, and breadth of detection and can return results in approximately two hours. The unique open-access feature is designed for custom testing so that end-users can load their own real-time PCR assays onto the instrument to target any genetic target of interest.