PCYN (Procyon) Inventory Turnover: 0.59 (As of Jun. 2024)

What is Procyon Inventory Turnover?

Procyon PCYN 48 Inventory Turnover is 0.59 as of Jun. 2024. GuruFocus rates PCYN with a GF Score™ of 48/100.

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. Procyon's Cost of Goods Sold for the three months ended in Jun. 2024 was $0.31 Mil. Procyon's Average Total Inventories for the quarter that ended in Jun. 2024 was $0.52 Mil. Procyon's Inventory Turnover for the quarter that ended in Jun. 2024 was 0.59.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Procyon's Days Inventory for the three months ended in Jun. 2024 was 154.80.

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. Procyon's Inventory-to-Revenue for the quarter that ended in Jun. 2024 was 0.37.

Procyon (OTCPK:PCYN) 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.

Procyon's Days Inventory for the three months ended in Jun. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jun. 2024 )	/	Cost of Goods Sold (Q: Jun. 2024 )	*	Days in Period
	=	0.5225	/	0.308	*	365 / 4
	=	154.80

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.

Procyon's Inventory to Revenue for the quarter that ended in Jun. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jun. 2024 )	/	Revenue (Q: Jun. 2024 )
	=	0.5225	/	1.413
	=	0.37

* 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.

Procyon Inventory Turnover Related Terms

Procyon Inventory Turnover Historical Data

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The historical data trend for Procyon's Inventory Turnover can be seen below:

Procyon Inventory Turnover Chart

Procyon Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Inventory Turnover

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1.82

1.97

2.00

1.87

2.32

Procyon Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Inventory Turnover	Get a 7-Day Free Trial															0.54	0.54	0.49	0.49	0.59

48GF Score

Procyon Corp PCYN

Inventory Turnover is just one metric. See GF Score™, valuation, warning signs, and more.

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Procyon Inventory Turnover Calculation

Procyon's Inventory Turnover for the fiscal year that ended in Jun. 2024 is calculated as

	Inventory Turnover (A: Jun. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Jun. 2024 )	/ (	(Total Inventories (A: Jun. 2023 )	+	Total Inventories (A: Jun. 2024 ))	/	count )
=	1.093	/ (	(0.431	+	0.51)	/	2 )
=	1.093	/	0.4705
=	2.32

Procyon's Inventory Turnover for the quarter that ended in Jun. 2024 is calculated as

	Inventory Turnover (Q: Jun. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Jun. 2024 )	/ (	(Total Inventories (Q: Mar. 2024 )	+	Total Inventories (Q: Jun. 2024 ))	/	count )
=	0.308	/ (	(0.535	+	0.51)	/	2 )
=	0.308	/	0.5225
=	0.59

Frequently Asked Questions Learn more about Inventory Turnover →

What does a Inventory Turnover of 0.59 mean?

Procyon (PCYN) has a Inventory Turnover of 0.59 as of Jun. 2024. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on Procyon and its competitors.

Is Procyon's Inventory Turnover too high?

Procyon's current Inventory Turnover is 0.59. Overall, Procyon has a GF Score™ of 48/100, reflecting its overall financial health beyond just this single metric.

How does Procyon's Inventory Turnover compare to KAYS and YCBD?

Procyon's Inventory Turnover of 0.59 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 Procyon and its competitors. Procyon's current Inventory Turnover is 0.59. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Procyon stock overvalued right now?

Procyon (PCYN) has a current Inventory Turnover of 0.59. The current Inventory Turnover is 0.59. Procyon's overall GF Score™ is 48/100. 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 Procyon (PCYN), the current Inventory Turnover is 0.59 as of Jun. 2024. 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.

Procyon Business Description

Industry Healthcare Drug Manufacturers

Comparable Companies KAYS YCBD CBDY ALID UPC PRFX AKAN NTRR BSPK PLSH ZTS XTER:MRK NSE:SUNPHARMA TSE:4502 LSE:HLN XSWX:GALD XSWX:SDZ HKSE:03692 NSE:DIVISLAB XTAE:TEVA

Address 164 Douglas Road East, Oldsmar, FL, USA, 34677

Website https://www.procyoncorp.com

Procyon Corp is a United-based company, through its subsidiary, it is engaged in developing and marketing proprietary medical products used to treat pressure ulcers, stasis ulcers, wounds, dermatitis, inflammation, and other skin problems. Its wound care products are sold through distributors to institutional customers such as hospitals, wound care clinics, skilled nursing facilities, home health agencies, and physicians and other healthcare practitioners. The firm's product lines are AMERX, AMERIGEL, and HELIX3 Bioactive Collagen. The skin and wound care products are marketed under the trademark AMERIGEL which contains the proprietary ingredient OAKIN which promotes wound healing and healthy skin. The corporation markets its products in the United States.

48GF Score

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