Targeted Medical Pharma (Targeted Medical Pharma) Inventory Turnover : 4.75 (As of Dec. 2015)

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What is Targeted Medical Pharma 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. Targeted Medical Pharma's Cost of Goods Sold for the three months ended in Dec. 2015 was $0.51 Mil. Targeted Medical Pharma's Average Total Inventories for the quarter that ended in Dec. 2015 was $0.11 Mil. Targeted Medical Pharma's Inventory Turnover for the quarter that ended in Dec. 2015 was 4.75.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Targeted Medical Pharma's Days Inventory for the three months ended in Dec. 2015 was 19.21.

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. Targeted Medical Pharma's Inventory-to-Revenue for the quarter that ended in Dec. 2015 was 0.08.

Targeted Medical Pharma Inventory Turnover Historical Data

The historical data trend for Targeted Medical Pharma'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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Targeted Medical Pharma Inventory Turnover Chart

Targeted Medical Pharma Annual Data

Trend

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Inventory Turnover

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6.40

6.57

5.57

6.13

19.14

Targeted Medical Pharma Quarterly Data
	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15
Inventory Turnover	Get a 7-Day Free Trial															3.21	5.20	5.10	3.99	4.75

Targeted Medical Pharma Inventory Turnover Calculation

Targeted Medical Pharma's Inventory Turnover for the fiscal year that ended in Dec. 2015 is calculated as

	Inventory Turnover (A: Dec. 2015 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2015 )	/ (	(Total Inventories (A: Dec. 2014 )	+	Total Inventories (A: Dec. 2015 ))	/	count )
=	2.096	/ (	(0.127	+	0.092)	/	2 )
=	2.096	/	0.1095
=	19.14

Targeted Medical Pharma's Inventory Turnover for the quarter that ended in Dec. 2015 is calculated as

	Inventory Turnover (Q: Dec. 2015 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2015 )	/ (	(Total Inventories (Q: Sep. 2015 )	+	Total Inventories (Q: Dec. 2015 ))	/	count )
=	0.513	/ (	(0.124	+	0.092)	/	2 )
=	0.513	/	0.108
=	4.75

Targeted Medical Pharma (OTCPK:TRGM) 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.

Targeted Medical Pharma's Days Inventory for the three months ended in Dec. 2015 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2015 )	/	Cost of Goods Sold (Q: Dec. 2015 )	*	Days in Period
	=	0.108	/	0.513	*	365 / 4
	=	19.21

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.

Targeted Medical Pharma's Inventory to Revenue for the quarter that ended in Dec. 2015 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2015 )	/	Revenue (Q: Dec. 2015 )
	=	0.108	/	1.289
	=	0.08

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.

Targeted Medical Pharma Inventory Turnover Related Terms

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Targeted Medical Pharma (Targeted Medical Pharma) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Targeted Medical Pharma Inc (OTCPK:TRGM) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

2980 Beverly Glen Circle, Los Angeles, CA, USA, 90077

Website

http://www.tmedpharma.com

Targeted Medical Pharma Inc is a United States based specialty pharmaceutical company, which develops and commercializes amino acid-based medications. The business activities of the group are functioned through Targeted Medical Pharma; Complete Claims Processing, Inc. and Amino Nutritionals segments. The operations of the group are primarily functioned through the region of United States and it derives the majority of revenue from Targeted Medical Pharma segment which develops and distributes amino acid-based therapeutic products and distributes pharmaceutical products from other manufacturers through employed sales representatives, independent distributors, and pharmacies.

Executives

William B. Horne	officer: Chief Financial Officer	C/O AULT ALLIANCE, INC., 940 SOUTH COAST DRIVE, SUITE 200, COSTA MESA CA 92626
Maurice J Dewald	director	C/O TARGETED MEDICAL PHARMA, INC., 2980 BEVERLY GLEN CIRCLE, SUITE 100, LOS ANGELES CA 90077
Scott Gottlieb	director	MOLECULAR INSIGHT PHARMACEUTICALS, 160 SECOND STREET, CAMBRIDGE MA 02142
Ronald W Rudolph	officer: See Remarks	C/O TARGETED MEDICAL PHARMA, INC, 2980, BEVERLY GLEN CIRCLE, SUITE 301, LOS ANGELES CA 90077
Amir F Heshmatpour	director, 10 percent owner, officer: Former President	C/O AFH HOLDING & ADVISORY LLC, 9595 WILSHIRE BLVD, STE 900, BEVERLY HILLS CA 90212
John H Bluher	director	12981 NORTH 2ND STREET, PARKER CO 80134
Steve B Warnecke	officer: Chief Financial Officer	C/O TARGETED MEDICAL PHARMA, INC., 2980 BEVERLY GLEN CIRCLE, SUITE 301, LOS ANGELES CA 90077
Afh Holding & Advisory, Llc	10 percent owner, other: Former 10% Owner	269 S. BEVERLY DRIVE, STE #1600, BEVERLY HILLS CA 90212
Timothy Brasel	director, officer: Vice President	16178 EAST PRETENCE PLZ, AURORA CO 80015

Targeted Medical Pharma (Targeted Medical Pharma) Headlines

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