Cloud DX (TSXV:CDX.H) Inventory Turnover: 1.22 (As of Sep. 2024)

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TSXV:CDX.H Cloud DX Inc TSXV:CDX.H
31 GF Score
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What is Cloud DX Inventory Turnover?

Cloud DX TSXV:CDX.H 31 Inventory Turnover is 1.22 as of Sep. 2024. GuruFocus rates TSXV:CDX.H with a GF Score™ of 31/100.

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. Cloud DX's Cost of Goods Sold for the three months ended in Sep. 2024 was C$0.15 Mil. Cloud DX's Average Total Inventories for the quarter that ended in Sep. 2024 was C$0.12 Mil. Cloud DX's Inventory Turnover for the quarter that ended in Sep. 2024 was 1.22.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Cloud DX's Days Inventory for the three months ended in Sep. 2024 was 74.69.

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. Cloud DX's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 0.25.

Cloud DX  (TSXV:CDX.H) 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.

Cloud DX'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
=0.1195/0.146*365 / 4
=74.69

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.

Cloud DX'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 )
=0.1195 / 0.473
=0.25

* 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.

Cloud DX Inventory Turnover Related Terms

Cloud DX Inventory Turnover Historical Data

* Premium members only.

The historical data trend for Cloud DX'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.

Cloud DX Inventory Turnover Chart

Cloud DX Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Inventory Turnover
0.00 1.63 0.79 1.29 3.59

Cloud DX Quarterly Data
Dec19 Mar20 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 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 0.39 1.39 0.34 0.06 1.22
TSXV:CDX.H
31GF Score
Cloud DX Inc TSXV:CDX.H
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Cloud DX Inventory Turnover Calculation

Cloud DX'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 )
=0.529 / ((0.185 + 0.11) / 2 )
=0.529 / 0.1475
=3.59

Cloud DX'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 )
=0.146 / ((0.169 + 0.07) / 2 )
=0.146 / 0.1195
=1.22

* 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 1.22 mean?
Cloud DX (TSXV:CDX.H) has a Inventory Turnover of 1.22 as of Sep. 2024. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on Cloud DX and its competitors.
Is Cloud DX's Inventory Turnover too high?
Cloud DX's current Inventory Turnover is 1.22. Overall, Cloud DX has a GF Score™ of 31/100, reflecting its overall financial health beyond just this single metric.
How does Cloud DX's Inventory Turnover compare to GEHC and VEEV?
Cloud DX's Inventory Turnover of 1.22 can be compared against companies in the Healthcare Providers & Services 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 a Healthcare Providers & Services company?
A good Inventory Turnover depends on the Healthcare Providers & Services 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 Cloud DX and its competitors. Cloud DX's current Inventory Turnover is 1.22. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Cloud DX stock overvalued right now?
Cloud DX (TSXV:CDX.H) has a current Inventory Turnover of 1.22. The current Inventory Turnover is 1.22. Cloud DX's overall GF Score™ is 31/100. 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 Cloud DX (TSXV:CDX.H), the current Inventory Turnover is 1.22 as of Sep. 2024. 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.

Cloud DX Business Description

Address 72 Victoria Street South, Kitchener, ON, CAN, N2G 4Y9
Cloud DX Inc provides a digital and virtual healthcare platform called Cloud DX Connected Health. It is used by private hospitals, public hospitals, and healthcare organizations across North America to provide patient remote monitoring, enable aging in place, and deliver hospital-quality post-surgical care. The platform helps to reduce the need for hospitalization and manage the costs of healthcare delivery through more efficient use of resources. Geographically, the company generates a majority of its revenue from Canada and the rest from the United States.
31GF 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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