NMXS (Net Medical Xpress Solutions) Inventory Turnover: 30.40 (As of Jun. 2018)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

What is Net Medical Xpress Solutions Inventory Turnover?

Net Medical Xpress Solutions NMXS +0.14% Inventory Turnover is 30.40 as of Jun. 2018.

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. Net Medical Xpress Solutions's Cost of Goods Sold for the three months ended in Jun. 2018 was $0.38 Mil. Net Medical Xpress Solutions's Average Total Inventories for the quarter that ended in Jun. 2018 was $0.01 Mil. Net Medical Xpress Solutions's Inventory Turnover for the quarter that ended in Jun. 2018 was 30.40.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Net Medical Xpress Solutions's Days Inventory for the three months ended in Jun. 2018 was 3.00.

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. Net Medical Xpress Solutions's Inventory-to-Revenue for the quarter that ended in Jun. 2018 was 0.02.

Net Medical Xpress Solutions  (OTCPK:NMXS) 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.

Net Medical Xpress Solutions's Days Inventory for the three months ended in Jun. 2018 is calculated as:

Days Inventory =Average Total Inventories (Q: Jun. 2018 )/Cost of Goods Sold (Q: Jun. 2018 )*Days in Period
=0.0125/0.38*365 / 4
=3.00

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.

Net Medical Xpress Solutions's Inventory to Revenue for the quarter that ended in Jun. 2018 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Jun. 2018 ) / Revenue (Q: Jun. 2018 )
=0.0125 / 0.546
=0.02

* 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.

Net Medical Xpress Solutions Inventory Turnover Related Terms

Net Medical Xpress Solutions Inventory Turnover Historical Data

* Premium members only.

The historical data trend for Net Medical Xpress 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.

Net Medical Xpress Solutions Inventory Turnover Chart

Net Medical Xpress Solutions Annual Data
Trend Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16
Inventory Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 596.40 1,042.86 215.14 101.83 96.77

Net Medical Xpress Solutions Quarterly Data
Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Mar18 Jun18
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 27.10 25.95 26.22 25.06 30.40

Net Medical Xpress Solutions Inventory Turnover Calculation

Net Medical Xpress Solutions's Inventory Turnover for the fiscal year that ended in Dec. 2016 is calculated as

Inventory Turnover (A: Dec. 2016 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (A: Dec. 2016 ) / ((Total Inventories (A: Dec. 2015 ) + Total Inventories (A: Dec. 2016 )) / count )
=2.274 / ((0.027 + 0.02) / 2 )
=2.274 / 0.0235
=96.77

Net Medical Xpress Solutions's Inventory Turnover for the quarter that ended in Jun. 2018 is calculated as

Inventory Turnover (Q: Jun. 2018 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (Q: Jun. 2018 ) / ((Total Inventories (Q: Mar. 2018 ) + Total Inventories (Q: Jun. 2018 )) / count )
=0.38 / ((0.014 + 0.011) / 2 )
=0.38 / 0.0125
=30.40

* 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 30.40 mean?
Net Medical Xpress Solutions (NMXS) has a Inventory Turnover of 30.40 as of Jun. 2018. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on Net Medical Xpress Solutions and its competitors.
Is Net Medical Xpress Solutions' Inventory Turnover too high?
Net Medical Xpress Solutions' current Inventory Turnover is 30.40.
How does Net Medical Xpress Solutions' Inventory Turnover compare to TVMD and UCBB?
Net Medical Xpress Solutions' Inventory Turnover of 30.40 can be compared against companies in the Healthcare Providers & Services 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 Healthcare Providers & Services company?
A good Inventory Turnover depends on the Healthcare Providers & Services 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 Net Medical Xpress Solutions and its competitors. Net Medical Xpress Solutions's current Inventory Turnover is 30.40. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Net Medical Xpress Solutions stock overvalued right now?
Net Medical Xpress Solutions (NMXS) has a current Inventory Turnover of 30.40. The current Inventory Turnover is 30.40. 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 Net Medical Xpress Solutions (NMXS), the current Inventory Turnover is 30.40 as of Jun. 2018. 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.

Net Medical Xpress Solutions Business Description

Address 8206 Louisiana Boulevard NE, Suite A, Albuquerque, NM, USA, 87113
Net Medical Xpress Solutions Inc is engaged in providing solutions to the telemedicine industry which deliver medical laboratory services. It offers proprietary software that links electronic medical records while enabling state-of-the-art conferencing and communications. The company's mobile fleet of vans is utilized to provide sales support for its clinical research organization. It also offers call centers, proprietary hardware implementations, diagnostic and clinical services, and software research and development capabilities.