MILC (Millennium Sustainable Ventures) Inventory Turnover: 0.00 (As of Sep. 2022)

What is Millennium Sustainable Ventures Inventory Turnover?

Millennium Sustainable Ventures MILC 12 Inventory Turnover is 0.00 as of Sep. 2022. GuruFocus rates MILC with a GF Score™ of 12/100.

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. Millennium Sustainable Ventures's Cost of Goods Sold for the three months ended in Sep. 2022 was $0.00 Mil. Millennium Sustainable Ventures's Average Total Inventories for the quarter that ended in Sep. 2022 was $1.32 Mil. Millennium Sustainable Ventures's Inventory Turnover for the quarter that ended in Sep. 2022 was 0.00.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

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.

Millennium Sustainable Ventures (OTCPK:MILC) 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.

Millennium Sustainable Ventures's Days Inventory for the three months ended in Sep. 2022 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2022 )	/	Cost of Goods Sold (Q: Sep. 2022 )	*	Days in Period
	=	1.316	/	0	*	365 / 4
	=

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.

Millennium Sustainable Ventures's Inventory to Revenue for the quarter that ended in Sep. 2022 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2022 )	/	Revenue (Q: Sep. 2022 )
	=	1.316	/	0
	=

* 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.

Millennium Sustainable Ventures Inventory Turnover Related Terms

Millennium Sustainable Ventures Inventory Turnover Historical Data

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The historical data trend for Millennium Sustainable Ventures's Inventory Turnover can be seen below:

Millennium Sustainable Ventures Inventory Turnover Chart

Millennium Sustainable Ventures Annual Data

Trend

Mar12

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Dec21

Inventory Turnover

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0.00

1.12

Millennium Sustainable Ventures Quarterly Data
	Dec15	Jun16	Dec16	Jun17	Sep17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22
Inventory Turnover	Get a 7-Day Free Trial															0.00	1.63	0.64	0.44	0.00

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Millennium Sustainable Ventures Inventory Turnover Calculation

Millennium Sustainable Ventures's Inventory Turnover for the fiscal year that ended in Dec. 2021 is calculated as

	Inventory Turnover (A: Dec. 2021 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2021 )	/ (	(Total Inventories (A: Dec. 2020 )	+	Total Inventories (A: Dec. 2021 ))	/	count )
=	2.366	/ (	(0	+	2.108)	/	1 )
=	2.366	/	2.108
=	1.12

Millennium Sustainable Ventures's Inventory Turnover for the quarter that ended in Sep. 2022 is calculated as

	Inventory Turnover (Q: Sep. 2022 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Sep. 2022 )	/ (	(Total Inventories (Q: Jun. 2022 )	+	Total Inventories (Q: Sep. 2022 ))	/	count )
=	0	/ (	(2.517	+	0.115)	/	2 )
=	0	/	1.316
=	0.00

Frequently Asked Questions Learn more about Inventory Turnover →

What does a Inventory Turnover of 0.00 mean?

Millennium Sustainable Ventures (MILC) has a Inventory Turnover of 0.00 as of Sep. 2022. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on Millennium Sustainable Ventures and its competitors.

Is Millennium Sustainable Ventures' Inventory Turnover too high?

Millennium Sustainable Ventures' current Inventory Turnover is 0.00. Overall, Millennium Sustainable Ventures has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.

How does Millennium Sustainable Ventures' Inventory Turnover compare to PLXPQ and GNRS?

Millennium Sustainable Ventures' Inventory Turnover of 0.00 can be compared against companies in the Drug Manufacturers 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 Drug Manufacturers company?

A good Inventory Turnover depends on the Drug Manufacturers 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 Millennium Sustainable Ventures and its competitors. Millennium Sustainable Ventures's current Inventory Turnover is 0.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Millennium Sustainable Ventures stock overvalued right now?

Millennium Sustainable Ventures (MILC) has a current Inventory Turnover of 0.00. The current Inventory Turnover is 0.00. Millennium Sustainable Ventures' overall GF Score™ is 12/100. 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 Millennium Sustainable Ventures (MILC), the current Inventory Turnover is 0.00 as of Sep. 2022. 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.

Millennium Sustainable Ventures Business Description

Industry Healthcare Drug Manufacturers

Comparable Companies PLXPQ GNRS ZTS XTER:MRK TSE:4502 LSE:HLN NSE:SUNPHARMA TSE:4523 TSE:4507 SZSE:000538 XTAE:TEVA NSE:DIVISLAB VTRS NBIX BOM:500124 XPAR:IPN SHSE:600085 SZSE:000963 SHSE:600196 BOM:543904

Address 301 Winding Road, Old Bethpage, NY, USA, 11804

Website https://www.millsustain.com

Millennium Sustainable Ventures Corp is engaged in the sustainable cultivation of cannabis in greenhouses, and sustainable production of activated carbon.

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