NEPTF (Neptune Wellness Solutions) Inventory Turnover: 0.61 (As of Dec. 2023)


NEPTF Neptune Wellness Solutions Inc NEPTF
16 GF Score
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What is Neptune Wellness Solutions Inventory Turnover?

Neptune Wellness Solutions NEPTF -99.00% 16 Inventory Turnover is 0.61 as of Dec. 2023. GuruFocus rates NEPTF with a GF Score™ of 16/100.

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. Neptune Wellness Solutions's Cost of Goods Sold for the three months ended in Dec. 2023 was $6.57 Mil. Neptune Wellness Solutions's Average Total Inventories for the quarter that ended in Dec. 2023 was $10.84 Mil. Neptune Wellness Solutions's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.61.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Neptune Wellness Solutions's Days Inventory for the three months ended in Dec. 2023 was 150.65.

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. Neptune Wellness Solutions's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 1.43.

Neptune Wellness Solutions  (OTCPK:NEPTF) 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.

Neptune Wellness Solutions'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
=10.8385/6.565*365 / 4
=150.65

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.

Neptune Wellness Solutions'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 )
=10.8385 / 7.6
=1.43

* 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.

Neptune Wellness Solutions Inventory Turnover Related Terms

Neptune Wellness Solutions Inventory Turnover Historical Data

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The historical data trend for Neptune Wellness Solutions'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.

Neptune Wellness Solutions Inventory Turnover Chart

Neptune Wellness Solutions Annual Data
Trend Feb13 Feb14 Feb15 Feb16 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Inventory Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.21 4.35 5.29 3.28 3.66

Neptune Wellness Solutions Quarterly Data
Mar19 Jun19 Sep19 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.63 0.98 0.69 0.72 0.61
NEPTF
16GF Score
Neptune Wellness Solutions Inc NEPTF
Inventory Turnover is just one metric. See GF Score™, valuation, warning signs, and more.
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Neptune Wellness Solutions Inventory Turnover Calculation

Neptune Wellness Solutions'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 )
=55.089 / ((17.059 + 13.006) / 2 )
=55.089 / 15.0325
=3.66

Neptune Wellness Solutions'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 )
=6.565 / ((12.061 + 9.616) / 2 )
=6.565 / 10.8385
=0.61

* 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 0.61 mean?
Neptune Wellness Solutions (NEPTF) has a Inventory Turnover of 0.61 as of Dec. 2023. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on Neptune Wellness Solutions and its competitors.
Is Neptune Wellness Solutions' Inventory Turnover too high?
Neptune Wellness Solutions' current Inventory Turnover is 0.61. Overall, Neptune Wellness Solutions has a GF Score™ of 16/100, reflecting its overall financial health beyond just this single metric.
How does Neptune Wellness Solutions' Inventory Turnover compare to CPMD and CLVR?
Neptune Wellness Solutions' Inventory Turnover of 0.61 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 Neptune Wellness Solutions and its competitors. Neptune Wellness Solutions's current Inventory Turnover is 0.61. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Neptune Wellness Solutions stock overvalued right now?
Neptune Wellness Solutions (NEPTF) has a current Inventory Turnover of 0.61. The current Inventory Turnover is 0.61. Neptune Wellness Solutions' overall GF Score™ is 16/100. 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 Neptune Wellness Solutions (NEPTF), the current Inventory Turnover is 0.61 as of Dec. 2023. 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.

Neptune Wellness Solutions Business Description

Address 545 Promenade du Centropolis, Suite 100, Laval, QC, CAN, H7T 0A3
Neptune Wellness Solutions Inc is a consumer-packaged goods company that aims to innovate health and wellness products. It focuses on developing a portfolio of high-quality, affordable consumer products that align with the latest market trends for natural, sustainable, plant-based and purpose-driven lifestyle brands. The company's products include organic food and beverage brands such as Sprout Organics, Nosh, and Nurturme, as well as nutraceuticals brands like Biodroga and Forest Remedies. The company derives maximum revenue from United States.
16GF Score

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