Qualis Innovations (Qualis Innovations) Inventory Turnover : 0.00 (As of Mar. 2024)

View and export this data going back to 2006. Start your Free Trial

What is Qualis Innovations 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. Qualis Innovations's Cost of Goods Sold for the three months ended in Mar. 2024 was $0.00 Mil. Qualis Innovations's Average Total Inventories for the quarter that ended in Mar. 2024 was $0.00 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

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.

Qualis Innovations Inventory Turnover Historical Data

The historical data trend for Qualis Innovations'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.

* Premium members only.

Qualis Innovations Inventory Turnover Chart

Qualis Innovations Annual Data

Trend

Jul06

Jul07

Jul08

Jul09

Jul10

Dec11

Dec21

Dec22

Dec23

Inventory Turnover

Get a 7-Day Free Trial

14.23

Qualis Innovations Quarterly Data
	Oct10	Jan11	Apr11	Sep11	Dec11	Mar12	Jun12	Sep12	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial															-	-	-	-	-

Qualis Innovations Inventory Turnover Calculation

Qualis Innovations's Inventory Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Inventory Turnover (A: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2023 )	/ (	(Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )
=	0	/ (	(0.04	+	0)	/	1 )
=	0	/	0.04
=	0.00

Qualis Innovations's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

	Inventory Turnover (Q: Mar. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2024 )	/ (	(Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )
=	0	/ (	(0	+	0)	/	1 )
=	0	/	0
=	N/A

Qualis Innovations (OTCPK:QLIS) 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.

Qualis Innovations's Days Inventory for the three months ended in Mar. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2024 )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
	=	0	/	0	*	365 / 4
	=

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.

Qualis Innovations's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	0	/	0
	=

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.

Qualis Innovations Inventory Turnover Related Terms

Thank you for viewing the detailed overview of Qualis Innovations's Inventory Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Qualis Innovations (Qualis Innovations) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Qualis Innovations Inc (OTCPK:QLIS) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

225 Wilmington West Chester Pike, Suite 200, No.145, Chadds Ford, PA, USA, 19317

Website

https://www.qualisinnovations.com

Qualis Innovations Inc. is the holding company of mPathix Health, Inc. The company is focused on the development, production, and distribution of multi-modal pain management and Central Nervous System related solutions. It develops pain management products using a modality agnostic, virtual operating model. The company is developing a product designed to address the unmet needs of patients who seek alternatives to traditional pain medications and interventions or adjunctive therapies to their current treatment regimen.

Executives

Bin Wang

director

112 RICO DR. NORTH, MORGANVILLE NJ 07751

Qualis Innovations (Qualis Innovations) Headlines

From GuruFocus

Qualis Innovations Inc. Announces the Appointment of Dr. Robert Bilkovski as Chief Scientific Officer of mPathix Health Inc.

By Marketwired Marketwired • 07-14-2021

Qualis Innovations Inc. Completes Share Exchange Agreement with mPathix Health Inc. (formerly EMF Medical Devices, Inc.)

By Marketwired Marketwired • 07-01-2021

Qualis Innovations Inc. Announces the Appointment of Skip Thurman as Sr. Vice President, Corporate and IR Communications of mPathix Health Inc.

By Marketwired Marketwired • 08-03-2021