VIVXF (Avivagen) Inventory Turnover: 0.21 (As of Jul. 2023)


What is Avivagen Inventory Turnover?

Avivagen VIVXF -99.00% Inventory Turnover is 0.21 as of Jul. 2023.

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. Avivagen's Cost of Goods Sold for the three months ended in Jul. 2023 was $0.01 Mil. Avivagen's Average Total Inventories for the quarter that ended in Jul. 2023 was $0.06 Mil. Avivagen's Inventory Turnover for the quarter that ended in Jul. 2023 was 0.21.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Avivagen's Days Inventory for the three months ended in Jul. 2023 was 424.66.

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. Avivagen's Inventory-to-Revenue for the quarter that ended in Jul. 2023 was 1.95.

Avivagen  (OTCPK:VIVXF) 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.

Avivagen's Days Inventory for the three months ended in Jul. 2023 is calculated as:

Days Inventory =Average Total Inventories (Q: Jul. 2023 )/Cost of Goods Sold (Q: Jul. 2023 )*Days in Period
=0.0605/0.013*365 / 4
=424.66

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.

Avivagen's Inventory to Revenue for the quarter that ended in Jul. 2023 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Jul. 2023 ) / Revenue (Q: Jul. 2023 )
=0.0605 / 0.031
=1.95

* 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.

Avivagen Inventory Turnover Related Terms

Avivagen Inventory Turnover Historical Data

* Premium members only.

The historical data trend for Avivagen'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.

Avivagen Inventory Turnover Chart

Avivagen Annual Data
Trend Oct13 Oct14 Oct15 Oct16 Oct17 Oct18 Oct19 Oct20 Oct21 Oct22
Inventory Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.25 0.87 1.65 0.94 0.65

Avivagen Quarterly Data
Oct18 Jan19 Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23
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 Premium Member Only 0.03 0.46 0.12 0.29 0.21

Avivagen Inventory Turnover Calculation

Avivagen's Inventory Turnover for the fiscal year that ended in Oct. 2022 is calculated as

Inventory Turnover (A: Oct. 2022 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (A: Oct. 2022 ) / ((Total Inventories (A: Oct. 2021 ) + Total Inventories (A: Oct. 2022 )) / count )
=0.394 / ((0.991 + 0.229) / 2 )
=0.394 / 0.61
=0.65

Avivagen's Inventory Turnover for the quarter that ended in Jul. 2023 is calculated as

Inventory Turnover (Q: Jul. 2023 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (Q: Jul. 2023 ) / ((Total Inventories (Q: Apr. 2023 ) + Total Inventories (Q: Jul. 2023 )) / count )
=0.013 / ((0.065 + 0.056) / 2 )
=0.013 / 0.0605
=0.21

* 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 0.21 mean?
Avivagen (VIVXF) has a Inventory Turnover of 0.21 as of Jul. 2023. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on Avivagen and its competitors.
Is Avivagen's Inventory Turnover too high?
Avivagen's current Inventory Turnover is 0.21.
How does Avivagen's Inventory Turnover compare to DMKPQ and MJNE?
Avivagen's Inventory Turnover of 0.21 can be compared against companies in the Drug Manufacturers 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 Drug Manufacturers company?
A good Inventory Turnover depends on the Drug Manufacturers 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 Avivagen and its competitors. Avivagen's current Inventory Turnover is 0.21. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Avivagen stock overvalued right now?
Avivagen (VIVXF) has a current Inventory Turnover of 0.21. The current Inventory Turnover is 0.21. 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 Avivagen (VIVXF), the current Inventory Turnover is 0.21 as of Jul. 2023. 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.

Avivagen Business Description

Address 100 Sussex Drive, Ottawa, ON, CAN, K1A 0R6
Avivagen Inc OxC-beta technology is derived from Avivagen discoveries about Beta-carotene and other carotenoids, compounds that give certain fruits and vegetables their bright colours. Through support of immune function the technology provides a non-antibiotic means of promoting health and growth. OxCbeta Livestock is a proprietary product shown to be an effective and economic alternative to the antibiotics commonly added to livestock feeds. Avivagen's OxC-beta Livestock product is safe, effective and could fulfill the global mandate to remove all in-feed antibiotics as growth promoters.