Cheelcare (TSXV:CHER) Inventory Turnover: 0.83 (As of Apr. 2026)

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TSXV:CHER Cheelcare Inc TSXV:CHER
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What is Cheelcare Inventory Turnover?

Cheelcare TSXV:CHER 6 Inventory Turnover is 0.83 as of Apr. 2026. GuruFocus rates TSXV:CHER with a GF Score™ of 6/100. The stock has 6 warning signs investors should review.

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. Cheelcare's Cost of Goods Sold for the three months ended in Apr. 2026 was C$0.81 Mil. Cheelcare's Average Total Inventories for the quarter that ended in Apr. 2026 was C$0.98 Mil. Cheelcare's Inventory Turnover for the quarter that ended in Apr. 2026 was 0.83.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Cheelcare's Days Inventory for the three months ended in Apr. 2026 was 109.71.

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. Cheelcare's Inventory-to-Revenue for the quarter that ended in Apr. 2026 was 1.56.

Cheelcare  (TSXV:CHER) 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.

Cheelcare's Days Inventory for the three months ended in Apr. 2026 is calculated as:

Days Inventory =Average Total Inventories (Q: Apr. 2026 )/Cost of Goods Sold (Q: Apr. 2026 )*Days in Period
=0.9775/0.813*365 / 4
=109.71

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.

Cheelcare's Inventory to Revenue for the quarter that ended in Apr. 2026 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Apr. 2026 ) / Revenue (Q: Apr. 2026 )
=0.9775 / 0.628
=1.56

* 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.

Cheelcare Inventory Turnover Related Terms

Cheelcare Inventory Turnover Historical Data

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The historical data trend for Cheelcare'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.

Cheelcare Inventory Turnover Chart

Cheelcare Annual Data
Trend Apr23 Apr24 Apr25 Apr26
Inventory Turnover
2.56 2.47 2.88 2.56

Cheelcare Quarterly Data
Apr23 Jan24 Apr24 Jul24 Oct24 Jan25 Apr25 Jul25 Oct25 Jan26 Apr26
Inventory Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only 0.93 0.58 0.29 0.28 0.83
TSXV:CHER
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Cheelcare Inc TSXV:CHER
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Cheelcare Inventory Turnover Calculation

Cheelcare's Inventory Turnover for the fiscal year that ended in Apr. 2026 is calculated as

Inventory Turnover (A: Apr. 2026 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (A: Apr. 2026 ) / ((Total Inventories (A: Apr. 2025 ) + Total Inventories (A: Apr. 2026 )) / count )
=1.444 / ((0.294 + 0.835) / 2 )
=1.444 / 0.5645
=2.56

Cheelcare's Inventory Turnover for the quarter that ended in Apr. 2026 is calculated as

Inventory Turnover (Q: Apr. 2026 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (Q: Apr. 2026 ) / ((Total Inventories (Q: Jan. 2026 ) + Total Inventories (Q: Apr. 2026 )) / count )
=0.813 / ((1.12 + 0.835) / 2 )
=0.813 / 0.9775
=0.83

* 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 0.83 mean?
Cheelcare (TSXV:CHER) has a Inventory Turnover of 0.83 as of Apr. 2026. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on Cheelcare and its competitors.
Is Cheelcare's Inventory Turnover too high?
Cheelcare's current Inventory Turnover is 0.83. Overall, Cheelcare has a GF Score™ of 6/100, reflecting its overall financial health beyond just this single metric.
How does Cheelcare's Inventory Turnover compare to ABT and SYK?
Cheelcare's Inventory Turnover of 0.83 can be compared against companies in the Medical Devices & Instruments 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 Medical Devices & Instruments company?
A good Inventory Turnover depends on the Medical Devices & Instruments 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 Cheelcare and its competitors. Cheelcare's current Inventory Turnover is 0.83. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Cheelcare stock overvalued right now?
Cheelcare (TSXV:CHER) has a current Inventory Turnover of 0.83. The current Inventory Turnover is 0.83. Cheelcare's overall GF Score™ is 6/100 with 6 warning signs to review. 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 Cheelcare (TSXV:CHER), the current Inventory Turnover is 0.83 as of Apr. 2026. 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.

Cheelcare Business Description

Address 16 Sims Crescent, Unit 20, Richmond Hill, ON, CAN, L4B 2P1
Cheelcare Inc is a company that designs and manufactures inventive mobility devices using robotics. Its product portfolio consists of three key lines: Robotic Complex Rehab Power Wheelchair such devices feature patented self-leveling technology and the lowest seat-to-floor height in their class, enhancing stability and accessibility. Power Add-ons for Manual Wheelchairs designed to convert manual wheelchairs into powered mobility devices, offering users increased independence. Aftermarket Wheelchair Accessories includes a range of OEM equipment, backup cameras, phone chargers, and wheel suspension systems, that allow wheelchair users the ability to supplement their existing equipment to improve safety and convenience.
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