Cipher Pharmaceuticals (STU:PHE) Inventory Turnover : 0.48 (As of Sep. 2024)

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What is Cipher Pharmaceuticals 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. Cipher Pharmaceuticals's Cost of Goods Sold for the three months ended in Sep. 2024 was €1.78 Mil. Cipher Pharmaceuticals's Average Total Inventories for the quarter that ended in Sep. 2024 was €3.72 Mil. Cipher Pharmaceuticals's Inventory Turnover for the quarter that ended in Sep. 2024 was 0.48.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Cipher Pharmaceuticals's Days Inventory for the three months ended in Sep. 2024 was 191.27.

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. Cipher Pharmaceuticals's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 0.40.

Cipher Pharmaceuticals Inventory Turnover Historical Data

The historical data trend for Cipher Pharmaceuticals'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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Cipher Pharmaceuticals Inventory Turnover Chart

Cipher Pharmaceuticals Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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3.23

3.01

2.97

2.16

1.57

Cipher Pharmaceuticals Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Inventory Turnover	Get a 7-Day Free Trial															0.40	0.34	0.37	0.39	0.48

Cipher Pharmaceuticals Inventory Turnover Calculation

Cipher Pharmaceuticals'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 )
=	3.732	/ (	(2.031	+	2.734)	/	2 )
=	3.732	/	2.3825
=	1.57

Cipher Pharmaceuticals's Inventory Turnover for the quarter that ended in Sep. 2024 is calculated as

	Inventory Turnover (Q: Sep. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Sep. 2024 )	/ (	(Total Inventories (Q: Jun. 2024 )	+	Total Inventories (Q: Sep. 2024 ))	/	count )
=	1.775	/ (	(2.692	+	4.749)	/	2 )
=	1.775	/	3.7205
=	0.48

Cipher Pharmaceuticals (STU:PHE) 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.

Cipher Pharmaceuticals's Days Inventory for the three months ended in Sep. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2024 )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
	=	3.7205	/	1.775	*	365 / 4
	=	191.27

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.

Cipher Pharmaceuticals's Inventory to Revenue for the quarter that ended in Sep. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2024 )	/	Revenue (Q: Sep. 2024 )
	=	3.7205	/	9.343
	=	0.40

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.

Cipher Pharmaceuticals Inventory Turnover Related Terms

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Cipher Pharmaceuticals Business Description

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GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Cipher Pharmaceuticals Inc (STU:PHE) » Definitions » Inventory Turnover

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CPHRF:USA CPH:Canada

Address

5750 Explorer Drive, Suite 404, Mississauga, ON, CAN, L4W 0A9

Website

https://www.cipherpharma.com

Cipher Pharmaceuticals Inc is a specialty pharmaceutical company. Its products include Dermatology Products, Hospital Acute Care Products, specialty medicines, and Out-Licensed Products among others. The company's geographical operational areas include Canada and the United States.

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