RDTCF (Rapid Dose Therapeutics) Inventory Turnover : 1.35 (As of Nov. 2024)

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What is Rapid Dose Therapeutics 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. Rapid Dose Therapeutics's Cost of Goods Sold for the three months ended in Nov. 2024 was $0.17 Mil. Rapid Dose Therapeutics's Average Total Inventories for the quarter that ended in Nov. 2024 was $0.12 Mil. Rapid Dose Therapeutics's Inventory Turnover for the quarter that ended in Nov. 2024 was 1.35.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Rapid Dose Therapeutics's Days Inventory for the three months ended in Nov. 2024 was 67.61.

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. Rapid Dose Therapeutics's Inventory-to-Revenue for the quarter that ended in Nov. 2024 was 0.34.

Rapid Dose Therapeutics Inventory Turnover Historical Data

The historical data trend for Rapid Dose Therapeutics'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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Rapid Dose Therapeutics Inventory Turnover Chart

Rapid Dose Therapeutics Annual Data

Trend

Sep15

Sep16

Sep17

Sep18

Feb19

Feb20

Feb21

Feb22

Feb23

Feb24

Inventory Turnover

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0.37

0.21

1.43

1.76

3.29

Rapid Dose Therapeutics Quarterly Data
	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24	Aug24	Nov24
Inventory Turnover	Get a 7-Day Free Trial															0.77	0.66	1.00	1.11	1.35

Rapid Dose Therapeutics Inventory Turnover Calculation

Rapid Dose Therapeutics's Inventory Turnover for the fiscal year that ended in Feb. 2024 is calculated as

	Inventory Turnover (A: Feb. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Feb. 2024 )	/ (	(Total Inventories (A: Feb. 2023 )	+	Total Inventories (A: Feb. 2024 ))	/	count )
=	0.339	/ (	(0.108	+	0.098)	/	2 )
=	0.339	/	0.103
=	3.29

Rapid Dose Therapeutics's Inventory Turnover for the quarter that ended in Nov. 2024 is calculated as

	Inventory Turnover (Q: Nov. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Nov. 2024 )	/ (	(Total Inventories (Q: Aug. 2024 )	+	Total Inventories (Q: Nov. 2024 ))	/	count )
=	0.166	/ (	(0.138	+	0.108)	/	2 )
=	0.166	/	0.123
=	1.35

Rapid Dose Therapeutics (OTCPK:RDTCF) 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.

Rapid Dose Therapeutics's Days Inventory for the three months ended in Nov. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Nov. 2024 )	/	Cost of Goods Sold (Q: Nov. 2024 )	*	Days in Period
	=	0.123	/	0.166	*	365 / 4
	=	67.61

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.

Rapid Dose Therapeutics's Inventory to Revenue for the quarter that ended in Nov. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Nov. 2024 )	/	Revenue (Q: Nov. 2024 )
	=	0.123	/	0.359
	=	0.34

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.

Rapid Dose Therapeutics Inventory Turnover Related Terms

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Rapid Dose Therapeutics Business Description

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DOSE:Canada

Address

1121 Walkers Line, Unit 3, Burlington, ON, CAN, L7N 2G4

Website

https://www.rapid-dose.com

Rapid Dose Therapeutics Corp is a Canadian biotechnology company revolutionizing drug delivery through innovation. The company's flagship product QuickStrip is a thin, orally dissolvable film, that can be infused with an infinite list of active ingredients (nutraceuticals, pharmaceuticals, vaccines, and cannabis) that are delivered quickly into the bloodstream resulting in rapid onset of the active ingredient.