OMHE (Omni Health) Inventory Turnover: 3.88 (As of Jan. 2017)


What is Omni Health Inventory Turnover?

Omni Health OMHE -96.67% Inventory Turnover is 3.88 as of Jan. 2017.

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. Omni Health's Cost of Goods Sold for the three months ended in Jan. 2017 was $1.07 Mil. Omni Health's Average Total Inventories for the quarter that ended in Jan. 2017 was $0.28 Mil. Omni Health's Inventory Turnover for the quarter that ended in Jan. 2017 was 3.88.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Omni Health's Days Inventory for the three months ended in Jan. 2017 was 23.51.

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. Omni Health's Inventory-to-Revenue for the quarter that ended in Jan. 2017 was 0.19.

Omni Health  (OTCPK:OMHE) 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.

Omni Health's Days Inventory for the three months ended in Jan. 2017 is calculated as:

Days Inventory =Average Total Inventories (Q: Jan. 2017 )/Cost of Goods Sold (Q: Jan. 2017 )*Days in Period
=0.2765/1.073*365 / 4
=23.51

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.

Omni Health's Inventory to Revenue for the quarter that ended in Jan. 2017 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Jan. 2017 ) / Revenue (Q: Jan. 2017 )
=0.2765 / 1.471
=0.19

* 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.

Omni Health Inventory Turnover Related Terms

Omni Health Inventory Turnover Historical Data

* Premium members only.

The historical data trend for Omni Health'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.

Omni Health Inventory Turnover Chart

Omni Health Annual Data
Trend Apr14 Apr15 Apr16
Inventory Turnover
0.00 4.02 6.85

Omni Health Quarterly Data
Apr14 Jul14 Oct14 Jan15 Apr15 Jul15 Oct15 Jan16 Apr16 Jul16 Oct16 Jan17
Inventory Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.11 4.50 2.57 3.34 3.88

Omni Health Inventory Turnover Calculation

Omni Health's Inventory Turnover for the fiscal year that ended in Apr. 2016 is calculated as

Inventory Turnover (A: Apr. 2016 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (A: Apr. 2016 ) / ((Total Inventories (A: Apr. 2015 ) + Total Inventories (A: Apr. 2016 )) / count )
=0.185 / ((0.027 + 0.027) / 2 )
=0.185 / 0.027
=6.85

Omni Health's Inventory Turnover for the quarter that ended in Jan. 2017 is calculated as

Inventory Turnover (Q: Jan. 2017 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (Q: Jan. 2017 ) / ((Total Inventories (Q: Oct. 2016 ) + Total Inventories (Q: Jan. 2017 )) / count )
=1.073 / ((0.267 + 0.286) / 2 )
=1.073 / 0.2765
=3.88

* 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 3.88 mean?
Omni Health (OMHE) has a Inventory Turnover of 3.88 as of Jan. 2017. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on Omni Health and its competitors.
Is Omni Health's Inventory Turnover too high?
Omni Health's current Inventory Turnover is 3.88.
How does Omni Health's Inventory Turnover compare to MYDP and HEWA?
Omni Health's Inventory Turnover of 3.88 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 Omni Health and its competitors. Omni Health's current Inventory Turnover is 3.88. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Omni Health stock overvalued right now?
Omni Health (OMHE) has a current Inventory Turnover of 3.88. The current Inventory Turnover is 3.88. 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 Omni Health (OMHE), the current Inventory Turnover is 3.88 as of Jan. 2017. 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.

Omni Health Business Description

Address 400 W 41st Street, Suite 506, Miami Beach, FL, USA, 33140
Omni Health Inc is a vertically integrated healthcare company operating a pharmacy provider and focused on developing and distributing anti-aging products.