Vitality Products (TSXV:VPI) Inventory Turnover : 0.44 (As of Oct. 2024)

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What is Vitality Products 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. Vitality Products's Cost of Goods Sold for the three months ended in Oct. 2024 was C$0.06 Mil. Vitality Products's Average Total Inventories for the quarter that ended in Oct. 2024 was C$0.13 Mil. Vitality Products's Inventory Turnover for the quarter that ended in Oct. 2024 was 0.44.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Vitality Products's Days Inventory for the three months ended in Oct. 2024 was 206.10.

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. Vitality Products's Inventory-to-Revenue for the quarter that ended in Oct. 2024 was 0.68.

Vitality Products Inventory Turnover Historical Data

The historical data trend for Vitality Products'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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Vitality Products Inventory Turnover Chart

Vitality Products Annual Data

Trend

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Jan24

Inventory Turnover

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1.74

1.24

1.10

1.05

1.03

Vitality Products Quarterly Data
	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24	Jul24	Oct24
Inventory Turnover	Get a 7-Day Free Trial															0.33	0.25	0.33	0.29	0.44

Vitality Products Inventory Turnover Calculation

Vitality Products's Inventory Turnover for the fiscal year that ended in Jan. 2024 is calculated as

	Inventory Turnover (A: Jan. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Jan. 2024 )	/ (	(Total Inventories (A: Jan. 2023 )	+	Total Inventories (A: Jan. 2024 ))	/	count )
=	0.216	/ (	(0.23	+	0.191)	/	2 )
=	0.216	/	0.2105
=	1.03

Vitality Products's Inventory Turnover for the quarter that ended in Oct. 2024 is calculated as

	Inventory Turnover (Q: Oct. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Oct. 2024 )	/ (	(Total Inventories (Q: Jul. 2024 )	+	Total Inventories (Q: Oct. 2024 ))	/	count )
=	0.058	/ (	(0.149	+	0.113)	/	2 )
=	0.058	/	0.131
=	0.44

Vitality Products (TSXV:VPI) 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.

Vitality Products's Days Inventory for the three months ended in Oct. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Oct. 2024 )	/	Cost of Goods Sold (Q: Oct. 2024 )	*	Days in Period
	=	0.131	/	0.058	*	365 / 4
	=	206.10

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.

Vitality Products's Inventory to Revenue for the quarter that ended in Oct. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Oct. 2024 )	/	Revenue (Q: Oct. 2024 )
	=	0.131	/	0.194
	=	0.68

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.

Vitality Products Inventory Turnover Related Terms

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Vitality Products Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Vitality Products Inc (TSXV:VPI) » Definitions » Inventory Turnover

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Traded in Other Exchanges

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Address

837 West Hastings Street, Suite 304, Vancouver, BC, CAN, V6C 3N6

Website

https://www.vitality.ca

Vitality Products Inc is in the business of manufacturing, marketing, and distributing natural health products, including vitamins, minerals, and nutritional supplements. Its product portfolio comprises Digest+, Power Iron + Organic Spirulina, Time Release B60 Complete + C, Time Release Super Multi+, and others. Its geographical segments include Canada and the United States, of which the majority of its revenue is generated in Canada.

Executives

Cheryl Ann Grant	Director, Director or Senior Officer of 10% Security Holder, Senior Officer
William Douglas Grant	Director, Director or Senior Officer of 10% Security Holder, Senior Officer
Joanne Yan	Director
Colby Lee Fackler	Senior Officer

Vitality Products Headlines

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