Med-X (MXRX) Inventory Turnover: 1.01 (As of Dec. 2022)


What is Med-X Inventory Turnover?

Med-X MXRX Inventory Turnover is 1.01 as of Dec. 2022.

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. Med-X's Cost of Goods Sold for the six months ended in Dec. 2022 was $0.93 Mil. Med-X's Average Total Inventories for the quarter that ended in Dec. 2022 was $0.92 Mil. Med-X's Inventory Turnover for the quarter that ended in Dec. 2022 was 1.01.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Med-X's Days Inventory for the six months ended in Dec. 2022 was 181.03.

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. Med-X's Inventory-to-Revenue for the quarter that ended in Dec. 2022 was 0.95.

Med-X  (NAS:MXRX) 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.

Med-X's Days Inventory for the six months ended in Dec. 2022 is calculated as:

Days Inventory =Average Total Inventories (Q: Dec. 2022 )/Cost of Goods Sold (Q: Dec. 2022 )*Days in Period
=0.9245/0.932*365 / 2
=181.03

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.

Med-X's Inventory to Revenue for the quarter that ended in Dec. 2022 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Dec. 2022 ) / Revenue (Q: Dec. 2022 )
=0.9245 / 0.972
=0.95

* 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.

Med-X Inventory Turnover Related Terms

Med-X Inventory Turnover Historical Data

* Premium members only.

The historical data trend for Med-X'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.

Med-X Inventory Turnover Chart

Med-X Annual Data
Trend Dec20 Dec21 Dec22
Inventory Turnover
1.16 1.11 1.84

Med-X Semi-Annual Data
Dec20 Jun21 Dec21 Jun22 Dec22
Inventory Turnover 0.00 0.46 0.63 0.64 1.01

Med-X Inventory Turnover Calculation

Med-X's Inventory Turnover for the fiscal year that ended in Dec. 2022 is calculated as

Inventory Turnover (A: Dec. 2022 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (A: Dec. 2022 ) / ((Total Inventories (A: Dec. 2021 ) + Total Inventories (A: Dec. 2022 )) / count )
=1.571 / ((0.933 + 0.771) / 2 )
=1.571 / 0.852
=1.84

Med-X's Inventory Turnover for the quarter that ended in Dec. 2022 is calculated as

Inventory Turnover (Q: Dec. 2022 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (Q: Dec. 2022 ) / ((Total Inventories (Q: Jun. 2022 ) + Total Inventories (Q: Dec. 2022 )) / count )
=0.932 / ((1.078 + 0.771) / 2 )
=0.932 / 0.9245
=1.01

* 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 1.01 mean?
Med-X (MXRX) has a Inventory Turnover of 1.01 as of Dec. 2022. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on Med-X and its competitors.
Is Med-X's Inventory Turnover too high?
Med-X's current Inventory Turnover is 1.01.
How does Med-X's Inventory Turnover compare to ?
Med-X's Inventory Turnover of 1.01 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 Med-X and its competitors. Med-X's current Inventory Turnover is 1.01. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Med-X stock overvalued right now?
Med-X (MXRX) has a current Inventory Turnover of 1.01. The current Inventory Turnover is 1.01. 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 Med-X (MXRX), the current Inventory Turnover is 1.01 as of Dec. 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.

Med-X Business Description

Comparable Companies
Address 8236 Remmet Avenue, Canoga Park, CA, USA, 91304
Med-X Inc is engaged in the business of product development, distribution, and marketing of products, which currently consist of Nature-Cide, Thermal-Aid, and Malibu Brands. Nature-Cide products include natural essential oil blends of indoor and outdoor pesticide/insecticide/repellent developed for multiple industries, including professional pest control, turf care, janitorial, hospitality, transportation, and agriculture. Thermal-Aid, Thermal-Aid Zoo, and the Thermal-Aid Headache Relief System are natural heating/cooling pain and physical therapy products for painful ailments affecting adults, children, and animals. Nature-Cide. Malibu Brands has only one product available, an all-natural essential oil pain management cream.