Perimeter Medical Imaging AI (TSXV:PINK) Inventory Turnover : 0.33 (As of Dec. 2023)

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What is Perimeter Medical Imaging AI 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. Perimeter Medical Imaging AI's Cost of Goods Sold for the three months ended in Dec. 2023 was C$0.06 Mil. Perimeter Medical Imaging AI's Average Total Inventories for the quarter that ended in Dec. 2023 was C$0.19 Mil. Perimeter Medical Imaging AI's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.33.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Perimeter Medical Imaging AI's Days Inventory for the three months ended in Dec. 2023 was 275.92.

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. Perimeter Medical Imaging AI's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 1.94.

Perimeter Medical Imaging AI Inventory Turnover Historical Data

The historical data trend for Perimeter Medical Imaging AI'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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Perimeter Medical Imaging AI Inventory Turnover Chart

Perimeter Medical Imaging AI Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

1.17

5.78

2.30

Perimeter Medical Imaging AI Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															2.69	1.10	0.49	0.37	0.33

Perimeter Medical Imaging AI Inventory Turnover Calculation

Perimeter Medical Imaging AI'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 )
=	0.266	/ (	(0.058	+	0.173)	/	2 )
=	0.266	/	0.1155
=	2.30

Perimeter Medical Imaging AI's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

	Inventory Turnover (Q: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2023 )	/ (	(Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	0.063	/ (	(0.208	+	0.173)	/	2 )
=	0.063	/	0.1905
=	0.33

Perimeter Medical Imaging AI (TSXV:PINK) 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.

Perimeter Medical Imaging AI's Days Inventory for the three months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	0.1905	/	0.063	*	365 / 4
	=	275.92

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.

Perimeter Medical Imaging AI's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	0.1905	/	0.098
	=	1.94

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.

Perimeter Medical Imaging AI Inventory Turnover Related Terms

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Perimeter Medical Imaging AI (TSXV:PINK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Perimeter Medical Imaging AI Inc (TSXV:PINK) » Definitions » Inventory Turnover

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Traded in Other Exchanges

PYNKF:USA 4PC:Germany

Address

8585 N. Stemmons Freeway, Suite 106N, Dallas, TX, USA, 75247

Website

https://www.perimetermed.com

Perimeter Medical Imaging AI Inc is a medical technology company driven to transform cancer surgery with ultra-high-resolution, real-time, advanced imaging tools to address high unmet medical needs. The company is developing, with plans to commercialize, advanced imaging tools that allow surgeons, radiologists, and pathologists to visualize microscopic tissue structures during a clinical procedure.

Perimeter Medical Imaging AI (TSXV:PINK) Headlines

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