VTRO (Vitro Biopharma) Inventory Turnover: 2.95 (As of Oct. 2022)

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What is Vitro Biopharma Inventory Turnover?

Vitro Biopharma VTRO Inventory Turnover is 2.95 as of Oct. 2022. 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. Vitro Biopharma's Cost of Goods Sold for the three months ended in Oct. 2022 was $0.59 Mil. Vitro Biopharma's Average Total Inventories for the quarter that ended in Oct. 2022 was $0.20 Mil. Vitro Biopharma's Inventory Turnover for the quarter that ended in Oct. 2022 was 2.95.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Vitro Biopharma's Days Inventory for the three months ended in Oct. 2022 was 30.93.

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. Vitro Biopharma's Inventory-to-Revenue for the quarter that ended in Oct. 2022 was 0.06.

Vitro Biopharma (AMEX:VTRO) 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.

Vitro Biopharma's Days Inventory for the three months ended in Oct. 2022 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Oct. 2022 )	/	Cost of Goods Sold (Q: Oct. 2022 )	*	Days in Period
	=	0.199	/	0.587	*	365 / 4
	=	30.93

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.

Vitro Biopharma's Inventory to Revenue for the quarter that ended in Oct. 2022 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Oct. 2022 )	/	Revenue (Q: Oct. 2022 )
	=	0.199	/	3.293
	=	0.06

* 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.

Vitro Biopharma Inventory Turnover Related Terms

Vitro Biopharma Inventory Turnover Historical Data

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The historical data trend for Vitro Biopharma's Inventory Turnover can be seen below:

Vitro Biopharma Inventory Turnover Chart

Vitro Biopharma Annual Data

Trend

Oct09

Oct10

Oct11

Oct12

Oct13

Oct14

Oct15

Oct17

Oct21

Oct22

Inventory Turnover

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0.98

0.82

3.89

4.91

2.95

Vitro Biopharma Quarterly Data
	Oct00	Oct01	Oct02	Oct03	Oct04	Oct05	Oct06	Oct07	Oct08	Oct09	Oct10	Oct11	Oct12	Oct13	Oct14	Oct15	Oct17	Oct21	Oct22
Inventory Turnover	Get a 7-Day Free Trial														0.98	0.82	3.89	4.91	2.95

Vitro Biopharma Inventory Turnover Calculation

Vitro Biopharma'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 )
=	0.587	/ (	(0.118	+	0.28)	/	2 )
=	0.587	/	0.199
=	2.95

Vitro Biopharma's Inventory Turnover for the quarter that ended in Oct. 2022 is calculated as

	Inventory Turnover (Q: Oct. 2022 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Oct. 2022 )	/ (	(Total Inventories (Q: Oct. 2021 )	+	Total Inventories (Q: Oct. 2022 ))	/	count )
=	0.587	/ (	(0.118	+	0.28)	/	2 )
=	0.587	/	0.199
=	2.95

Frequently Asked Questions Learn more about Inventory Turnover →

What does a Inventory Turnover of 2.95 mean?

Vitro Biopharma (VTRO) has a Inventory Turnover of 2.95 as of Oct. 2022. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on Vitro Biopharma and its competitors.

Is Vitro Biopharma's Inventory Turnover too high?

Vitro Biopharma's current Inventory Turnover is 2.95.

How does Vitro Biopharma's Inventory Turnover compare to ?

Vitro Biopharma's Inventory Turnover of 2.95 can be compared against companies in the Biotechnology 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 Biotechnology company?

A good Inventory Turnover depends on the Biotechnology 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 Vitro Biopharma and its competitors. Vitro Biopharma's current Inventory Turnover is 2.95. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Vitro Biopharma stock overvalued right now?

Vitro Biopharma (VTRO) has a current Inventory Turnover of 2.95. The current Inventory Turnover is 2.95. 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 Vitro Biopharma (VTRO), the current Inventory Turnover is 2.95 as of Oct. 2022. 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.

Vitro Biopharma Business Description

Industry Healthcare Biotechnology

Comparable Companies

Address 4621 Technology Drive, Golden, CO, USA, 80403

Website http://www.vitrobiopharma.com

Vitro Diagnostics Inc is a US-based company, which is dedicated to providing high-quality commercialized cell lines, media, and stem cell technology for applications in stem cell research, drug discovery, and therapies. In addition, it also provides tools for clinical development focused on Mesenchymal Stem Cells (MSCs). Further, it offers cancer-associated fibroblasts (CAFs), which are used in the discovery of a new type of CAFs present in pancreatic cancer tumors, called pancreatic stellate cells. Geographically business activities are functioned through the region of United States.