Neighbourly Pharmacy (Neighbourly Pharmacy) Inventory Turnover : 1.79 (As of Dec. 2023)

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What is Neighbourly Pharmacy 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. Neighbourly Pharmacy's Cost of Goods Sold for the three months ended in Dec. 2023 was $127.2 Mil. Neighbourly Pharmacy's Average Total Inventories for the quarter that ended in Dec. 2023 was $71.2 Mil. Neighbourly Pharmacy's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.79.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Neighbourly Pharmacy's Days Inventory for the three months ended in Dec. 2023 was 51.07.

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. Neighbourly Pharmacy's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.34.

Neighbourly Pharmacy Inventory Turnover Historical Data

The historical data trend for Neighbourly Pharmacy'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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Neighbourly Pharmacy Inventory Turnover Chart

Neighbourly Pharmacy Annual Data

Trend

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Inventory Turnover

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3.45

3.98

5.27

5.33

5.91

Neighbourly Pharmacy Quarterly Data
	Mar18	Mar19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Inventory Turnover	Get a 7-Day Free Trial														1.80	1.23	1.30	1.29	1.79

Neighbourly Pharmacy Inventory Turnover Calculation

Neighbourly Pharmacy's Inventory Turnover for the fiscal year that ended in Mar. 2023 is calculated as

	Inventory Turnover (A: Mar. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Mar. 2023 )	/ (	(Total Inventories (A: Mar. 2022 )	+	Total Inventories (A: Mar. 2023 ))	/	count )
=	333.567	/ (	(44.013	+	68.901)	/	2 )
=	333.567	/	56.457
=	5.91

Neighbourly Pharmacy'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 )
=	127.169	/ (	(70.073	+	72.266)	/	2 )
=	127.169	/	71.1695
=	1.79

Neighbourly Pharmacy (OTCPK:NBLYF) 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.

Neighbourly Pharmacy'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
	=	71.1695	/	127.169	*	365 / 4
	=	51.07

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.

Neighbourly Pharmacy'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 )
	=	71.1695	/	211.656
	=	0.34

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.

Neighbourly Pharmacy Inventory Turnover Related Terms

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Neighbourly Pharmacy (Neighbourly Pharmacy) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Neighbourly Pharmacy Inc (OTCPK:NBLYF) » Definitions » Inventory Turnover

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NBLY:Canada

Address

190 Attwell Drive, Unit 400, Toronto, ON, CAN, M9W 6H8

Website

https://www.neighbourlypharmacy.ca

Neighbourly Pharmacy Inc is a network of community pharmacies. Its pharmacies act as the centre of care within their communities, representing an indispensable source of both healthcare delivery and trusted advice for their patients.

Neighbourly Pharmacy (Neighbourly Pharmacy) Headlines

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