Rayont (Rayont) Inventory Turnover : 0.64 (As of Mar. 2023)

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What is Rayont 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. Rayont's Cost of Goods Sold for the three months ended in Mar. 2023 was $0.27 Mil. Rayont's Average Total Inventories for the quarter that ended in Mar. 2023 was $0.42 Mil. Rayont's Inventory Turnover for the quarter that ended in Mar. 2023 was 0.64.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Rayont's Days Inventory for the three months ended in Mar. 2023 was 142.90.

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. Rayont's Inventory-to-Revenue for the quarter that ended in Mar. 2023 was 0.42.

Rayont Inventory Turnover Historical Data

The historical data trend for Rayont'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.

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Rayont Inventory Turnover Chart

Rayont Annual Data

Trend

Sep12

Sep13

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Jun22

Inventory Turnover

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2.02

2.50

3.01

Rayont Quarterly Data
	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23
Inventory Turnover	Get a 7-Day Free Trial															0.71	0.98	1.16	1.19	0.64

Rayont Inventory Turnover Calculation

Rayont's Inventory Turnover for the fiscal year that ended in Jun. 2022 is calculated as

	Inventory Turnover (A: Jun. 2022 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Jun. 2022 )	/ (	(Total Inventories (A: Sep. 2020 )	+	Total Inventories (A: Jun. 2022 ))	/	count )
=	1.456	/ (	(0.455	+	0.512)	/	2 )
=	1.456	/	0.4835
=	3.01

Rayont's Inventory Turnover for the quarter that ended in Mar. 2023 is calculated as

	Inventory Turnover (Q: Mar. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2023 )	/ (	(Total Inventories (Q: Dec. 2022 )	+	Total Inventories (Q: Mar. 2023 ))	/	count )
=	0.265	/ (	(0.42	+	0.41)	/	2 )
=	0.265	/	0.415
=	0.64

Rayont (OTCPK:RAYT) 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.

Rayont's Days Inventory for the three months ended in Mar. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2023 )	/	Cost of Goods Sold (Q: Mar. 2023 )	*	Days in Period
	=	0.415	/	0.265	*	365 / 4
	=	142.90

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.

Rayont's Inventory to Revenue for the quarter that ended in Mar. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2023 )	/	Revenue (Q: Mar. 2023 )
	=	0.415	/	0.98
	=	0.42

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.

Rayont Inventory Turnover Related Terms

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Rayont (Rayont) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Rayont Inc (OTCPK:RAYT) » Definitions » Inventory Turnover

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Traded in Other Exchanges

N/A

Address

228 Hamilton Avenue, 3rd Floor, Palo Alto, CA, USA, 94301

Website

https://www.rayont.com

Rayont Inc is a clinical-stage life sciences company that holds the license for registering and commercializing Photosoft technology for the treatment of all cancers. This technology is an improved next-generation Photodynamic Therapy (PDT) that uses non-toxic photosensitizers and visible light in combination with oxygen to produce cytotoxic-reactive oxygen that kills malignant cells, shuts down tumors, and stimulates the immune system. It has been licensed in Australia, New Zealand, China, Malaysia, and Sub-Sahara Africa. It has generated revenue from digital learning solutions provided by Rayont Technologies.

Executives

Meng Leong Liew	director	1313 N. GRAND AVE. #16, WALNUT CA 91789
Kha Foo Chin	director, 10 percent owner, officer: President, Treasurer	ROOM 1217 NORTH TOWER, CONORDIA PLAZA, NO 1 SCIENCE MUSEUM RD., TSIM SHA TSUI E, KOWLOON K3 NA

Rayont (Rayont) Headlines

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