Eviana Health (XCNQ:EHC) Inventory Turnover : 0.00 (As of Mar. 2019)

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What is Eviana Health 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. Eviana Health's Cost of Goods Sold for the three months ended in Mar. 2019 was C$0.00 Mil. Eviana Health's Average Total Inventories for the quarter that ended in Mar. 2019 was C$2.88 Mil. Eviana Health's Inventory Turnover for the quarter that ended in Mar. 2019 was 0.00.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

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.

Eviana Health Inventory Turnover Historical Data

The historical data trend for Eviana Health'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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Eviana Health Inventory Turnover Chart

Eviana Health Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Inventory Turnover

-0.13

Eviana Health Quarterly Data
	Jun15	Mar16	Jun16	Sep16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19
Inventory Turnover	Get a 7-Day Free Trial								-	-0.13	-0.10	-	-

Eviana Health Inventory Turnover Calculation

Eviana Health's Inventory Turnover for the fiscal year that ended in Jun. 2018 is calculated as

	Inventory Turnover (A: Jun. 2018 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Jun. 2018 )	/ (	(Total Inventories (A: Jun. 2017 )	+	Total Inventories (A: Jun. 2018 ))	/	count )
=	-0.045	/ (	(0	+	0.336)	/	1 )
=	-0.045	/	0.336
=	-0.13

Eviana Health's Inventory Turnover for the quarter that ended in Mar. 2019 is calculated as

	Inventory Turnover (Q: Mar. 2019 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2019 )	/ (	(Total Inventories (Q: Dec. 2018 )	+	Total Inventories (Q: Mar. 2019 ))	/	count )
=	0	/ (	(2.934	+	2.831)	/	2 )
=	0	/	2.8825
=	0.00

Eviana Health (XCNQ:EHC) 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.

Eviana Health's Days Inventory for the three months ended in Mar. 2019 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2019 )	/	Cost of Goods Sold (Q: Mar. 2019 )	*	Days in Period
	=	2.8825	/	0	*	365 / 4
	=

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.

Eviana Health's Inventory to Revenue for the quarter that ended in Mar. 2019 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2019 )	/	Revenue (Q: Mar. 2019 )
	=	2.8825	/	0
	=

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.

Eviana Health Inventory Turnover Related Terms

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Eviana Health (XCNQ:EHC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Eviana Health Corp (XCNQ:EHC) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

5728 East Boulevard, Vancouver, BC, CAN, V6M 4M4

Website

http://www.eviana.ca

Eviana Health Corp produces and sells cannabinoid products from natural hemp strains of cannabis sativa for consumer health-care products, pharmaceuticals, nutraceuticals, and cosmeceuticals, as well as for topical creams and other health and wellness products.