RENO (Renovare Environmental) Inventory Turnover: 2.11 (As of Mar. 2022)


RENO Renovare Environmental Inc RENO
12 GF Score
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What is Renovare Environmental Inventory Turnover?

Renovare Environmental RENO -99.00% 12 Inventory Turnover is 2.11 as of Mar. 2022. GuruFocus rates RENO with a GF Score™ of 12/100.

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. Renovare Environmental's Cost of Goods Sold for the three months ended in Mar. 2022 was $1.03 Mil. Renovare Environmental's Average Total Inventories for the quarter that ended in Mar. 2022 was $0.49 Mil. Renovare Environmental's Inventory Turnover for the quarter that ended in Mar. 2022 was 2.11.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Renovare Environmental's Days Inventory for the three months ended in Mar. 2022 was 43.32.

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. Renovare Environmental's Inventory-to-Revenue for the quarter that ended in Mar. 2022 was 0.43.

Renovare Environmental  (OTCPK:RENO) 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.

Renovare Environmental's Days Inventory for the three months ended in Mar. 2022 is calculated as:

Days Inventory =Average Total Inventories (Q: Mar. 2022 )/Cost of Goods Sold (Q: Mar. 2022 )*Days in Period
=0.4895/1.031*365 / 4
=43.32

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.

Renovare Environmental's Inventory to Revenue for the quarter that ended in Mar. 2022 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Mar. 2022 ) / Revenue (Q: Mar. 2022 )
=0.4895 / 1.136
=0.43

* 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.

Renovare Environmental Inventory Turnover Related Terms

Renovare Environmental Inventory Turnover Historical Data

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The historical data trend for Renovare Environmental'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.

Renovare Environmental Inventory Turnover Chart

Renovare Environmental Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21
Inventory Turnover
Get a 7-Day Free Trial Premium Member Only 3.25 3.09 6.12 9.72 15.54

Renovare Environmental Quarterly Data
Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22
Inventory Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.30 2.32 2.90 2.19 2.11
RENO
12GF Score
Renovare Environmental Inc RENO
Inventory Turnover is just one metric. See GF Score™, valuation, warning signs, and more.
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Renovare Environmental Inventory Turnover Calculation

Renovare Environmental's Inventory Turnover for the fiscal year that ended in Dec. 2021 is calculated as

Inventory Turnover (A: Dec. 2021 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (A: Dec. 2021 ) / ((Total Inventories (A: Dec. 2020 ) + Total Inventories (A: Dec. 2021 )) / count )
=10.434 / ((0.695 + 0.648) / 2 )
=10.434 / 0.6715
=15.54

Renovare Environmental's Inventory Turnover for the quarter that ended in Mar. 2022 is calculated as

Inventory Turnover (Q: Mar. 2022 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (Q: Mar. 2022 ) / ((Total Inventories (Q: Dec. 2021 ) + Total Inventories (Q: Mar. 2022 )) / count )
=1.031 / ((0.648 + 0.331) / 2 )
=1.031 / 0.4895
=2.11

* 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 2.11 mean?
Renovare Environmental (RENO) has a Inventory Turnover of 2.11 as of Mar. 2022. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on Renovare Environmental and its competitors.
Is Renovare Environmental's Inventory Turnover too high?
Renovare Environmental's current Inventory Turnover is 2.11. Overall, Renovare Environmental has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does Renovare Environmental's Inventory Turnover compare to PCTL and QWTR?
Renovare Environmental's Inventory Turnover of 2.11 can be compared against companies in the Industrial Products 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 an Industrial Products company?
A good Inventory Turnover depends on the Industrial Products 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 Renovare Environmental and its competitors. Renovare Environmental's current Inventory Turnover is 2.11. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Renovare Environmental stock overvalued right now?
Renovare Environmental (RENO) has a current Inventory Turnover of 2.11. The current Inventory Turnover is 2.11. Renovare Environmental's overall GF Score™ is 12/100. 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 Renovare Environmental (RENO), the current Inventory Turnover is 2.11 as of Mar. 2022. 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.

Renovare Environmental Business Description

Address 80 Red Schoolhouse Road, Suite 101, Chestnut Ridge, NY, USA, 10977
Renovare Environmental Inc is a technology services company focused on providing cost-effective solutions that improve environmental outcomes. It provides a cost-effective path to ecological sustainability for private and public organizations. The company solutions include Food Digesters and Cloud-based Analytics.
12GF Score

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Inventory Turnover is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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