NeutriSci International (TSXV:NU.H) Inventory Turnover : 0.07 (As of Sep. 2023)

View and export this data going back to 2001. Start your Free Trial

What is NeutriSci International 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. NeutriSci International's Cost of Goods Sold for the three months ended in Sep. 2023 was C$0.00 Mil. NeutriSci International's Average Total Inventories for the quarter that ended in Sep. 2023 was C$0.01 Mil. NeutriSci International's Inventory Turnover for the quarter that ended in Sep. 2023 was 0.07.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. NeutriSci International's Days Inventory for the three months ended in Sep. 2023 was 1,231.88.

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. NeutriSci International's Inventory-to-Revenue for the quarter that ended in Sep. 2023 was 4.50.

NeutriSci International Inventory Turnover Historical Data

The historical data trend for NeutriSci International'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.

* Premium members only.

NeutriSci International Inventory Turnover Chart

NeutriSci International Annual Data

Trend

Mar13

Mar14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Inventory Turnover

Get a 7-Day Free Trial

0.89

0.41

0.26

0.27

1.96

NeutriSci International Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Inventory Turnover	Get a 7-Day Free Trial															0.06	1.27	0.07	0.07	0.07

NeutriSci International Inventory Turnover Calculation

NeutriSci International's Inventory Turnover for the fiscal year that ended in Dec. 2022 is calculated as

	Inventory Turnover (A: Dec. 2022 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2022 )	/ (	(Total Inventories (A: Dec. 2021 )	+	Total Inventories (A: Dec. 2022 ))	/	count )
=	0.501	/ (	(0.495	+	0.015)	/	2 )
=	0.501	/	0.255
=	1.96

NeutriSci International's Inventory Turnover for the quarter that ended in Sep. 2023 is calculated as

	Inventory Turnover (Q: Sep. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Sep. 2023 )	/ (	(Total Inventories (Q: Jun. 2023 )	+	Total Inventories (Q: Sep. 2023 ))	/	count )
=	0.001	/ (	(0.014	+	0.013)	/	2 )
=	0.001	/	0.0135
=	0.07

NeutriSci International (TSXV:NU.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.

NeutriSci International's Days Inventory for the three months ended in Sep. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2023 )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
	=	0.0135	/	0.001	*	365 / 4
	=	1,231.88

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.

NeutriSci International's Inventory to Revenue for the quarter that ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2023 )	/	Revenue (Q: Sep. 2023 )
	=	0.0135	/	0.003
	=	4.50

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.

NeutriSci International Inventory Turnover Related Terms

Thank you for viewing the detailed overview of NeutriSci International's Inventory Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

NeutriSci International (TSXV:NU.H) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » NeutriSci International Inc (TSXV:NU.H) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

1N9:Germany

Address

1600 - 609 Granville Street, Vancouver, AB, CAN, V7Y 1C3

Website

https://www.neutrisci.com

NeutriSci International Inc is a Canada-based company engaged in the market development of nutraceutical products. The company's revenue consists of sales of the Neueenergy product line.

NeutriSci International (TSXV:NU.H) Headlines

No Headlines